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Initial Jobless Claims Drop
Weekly jobless claims for the week ending May 5th featured the lowest level in a month and players breathed a sigh of relief that the recent 4-week trend higher has been somewhat halted.
Initial jobless claims measure the number of people (non industry-specific) filing first-time claims for state unemployment insurance. This report provides a timely indicator of the direction of the economy, with changes in claims potentially signaling changes in job growth. It is assumed the stronger the job market, the greater the spending power, the healthier the economy.
We understand that home buying can be stressful. It’s important to find mortgage programs that fit your budget as well as your lifestyle. We offer NO COST, NO OBLIGATION in-depth loan consultations that are guaranteed to find the loan that’s just right for you. Omni can deliver the loan that best suits your financial needs- it’s just that simple!