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Jobless Claims Led Higher by Layoffs in Manufacturing and Construction

by devteam October 22nd, 2009

This data set tracks new filings for unemployment insurance benefits and the number of Americans who continue to receive state unemployment benefits (called continuing claims or insured unemployment). The fact that this data is released on a weekly basis makes it very appealing to traders and economists as it provides a week over week view into the health of the domestic labor market. Trader's and economists are looking for hints into questions like: Are jobs being created? Are jobs being lost? Does the trend indicate more job losses ahead? Does the trend indicate firms are expanding and hiring more in

Futures Lower Before Data, Earnings, Speeches

by devteam October 22nd, 2009

Equity markets in the US have been falling for two consecutive days. Ahead of several data reports, speeches from Federal Reserve officials, and a deluge of earnings, a third day of sell-offs is looking probable as global markets are bleeding red across the board.rnrnShares in China and Japan fell 0.62% and 0.64%, respectively, on Thursday, after news that China’s economy posted a slightly-lower-than-expected 8.9% annual growth rate in Q3. Stocks in Europe are worse with London’s FTSE 100 down 1.11% recently and France’s CAC-40 down 1.50%.

State of Housing: Tax Credit Must Be Extended to Sustain Stability

by devteam October 21st, 2009

The Senate Banking Committee held a hearing on Tuesday as part of its consideration of a proposal to extend the November 30 end date of the homebuyers' tax credit and possibly extend it beyond first-time buyers.

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