The number of Americans filing new claims for unemployment benefits fell last week, giving a clearer sign that the labor market is healing after wild fluctuations in claims data at the beginning of the month.
Initial claims for state unemployment benefits dropped 23,000 to a seasonally adjusted 369,000, the Labor Department said on Thursday.
The prior week’s figure was revised slightly higher to show 4,000 more applications than previously reported.
A Labor Department analyst said all states submitted data for the report and that there was nothing unusual in the raw data. The analyst said the data showed no signs of the factors that had appeared to generate sharp swings in the claims reading over the prior two weeks.”
WASHINGTON (MarketWatch) — Sales of new single-family homes in the U.S. rose in September to the highest rate in more than two years, according to government data released Wednesday that confirms the improving picture in the housing market.
Sales of new single-family homes in the U.S. rose 5.7% in September to a seasonally adjusted annual rate of 389,000, the highest pace since April 2010, when the first-time homebuyer tax credit was initially due to expire, the Commerce Department said.
“Though the level of new-home sales remains very low, this report adds to the evidence of housing market recovery,” said analysts at RDQ Economics….
The median sales price in September shot up 11.7% year-on-year to $242,400.
According to the Commerce Department, new-home sales are up 27.1 percent from a year ago.
– Jay Bookman