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Triangle Business Today

Jobless claims jump

Posted January 12, 2012

Weekly jobless claims jumped this morning – up 24,000 to 399,000. A much higher increase than was expected, as the consensus estimate was only for an increase of 3,000.

Retail Sales data also came in weaker than expected. The markets were fairly mum in reaction to the less than stellar data, as European concerns continue to take the spotlight on the global stage. Mortgage Rates, which have been trading in a very narrow range over the past week or so, remained in that pattern throughout the day. Treasury Yields also remained flat on Thursday as well.

Trade Data and Consumer Sentiment Reports will be released on Friday.

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About this Blog:

Jeremy Salemson, CEO of Corporate Investors Mortgage Group, blogs about economic trends and data and their impact on Triangle business. Each week, he interviews a Triangle-area business leader for a personal look at the local economy.