Economic October Surprise: Jobless claims down 30K, Unemployment 7.4%, and Foreclosures down 7%
Last edited Thu Oct 11, 2012, 04:05 PM - Edit history (1)
Hopefully the DNC /Obama campaign will put these to good use.
----Jobless claims unexpectedly dropped 30,000 last week:
WASHINGTON (MarketWatch) -- First-time claims for state unemployment benefits fell sharply in the latest week to their lowest level since February 2008, the Labor Department reported Thursday. The number of initial claims in the week ending Oct. 6 fell 30,000 to 339,000. The decline was unexpected. The consensus forecast of Wall Street economists was for claims to rise 1,000 to 368,000. The four-week average fell 11,500 to 364,000. This is the lowest level since late March.
http://www.marketwatch.com/story/jobless-claims-drop-sharply-in-latest-week-2012-10-11?link=MW_popular
----Unemployment dropped to 7.4% according to the Gallup Poll and 7.8% the BLS the lowest level since Obama took office.
http://www.gallup.com/poll/125639/Gallup-Daily-Workforce.aspx
----Foreclosure Filings in Sept. fell 7% from August and 16% from a year earlier
to their lowest level in more than five years as a housing market rebound showed another sign of taking hold.
Substantial decreases in California and some other states hard-hit by the collapse of the housing bubble helped reduce filings to 180,427 last month, down 7% from August and 16% from a year earlier, according to foreclosure listing firm RealtyTrac. The last time filings were that low was in July 2007.
http://www.democraticunderground.com/1014263050
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