WEEKLY: Unemployment claims are available each Wednesday. They have been increasing since the Fed announced its intention to increase interest rates to address inflation concerns. As the weekly claim filings increase, it will eventually slow the growth of the MONTHLY Net New Jobs total.
• Monthly data updates in blue, see below
• Weekly data on Unemployment Claims–Wednesday and Mortgage rates—Thursday.
Weekly Initial Unemployment Claims
Since 1977 there have been only 2 other time periods where the weekly unemployment filings were below 300,000. During the Reagan and Clinton administrations.
WEEKLY Mortgage rates are available each Thursday. Rates have been up and down as concerns over inflation and recession. (i.e., soft landing vs a crash).
30-Year Mortgage Rates
MONTHLY data: New Home data due out this week.
MONTHLY data: New Home data is due out this week. While New Home Sales are up to 850,000 the volume being built is nowhere near the 1.2 million being built in 2007. For the past 10 years, there is a cumulative undersupply of new homes. A lot of mid-sized builders went bust following 2008.
MONTHLY data: Existing Home data is due out this week. Existing Homes Supply For Sale and Pending Sale Index.
Bill Knudson, Research Analyst Landco ARESC