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In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses unemployment insurance claims.
- Initial claims for unemployment insurance filed in the week ending September 28 totaled 308,000, a minor increase of 1,000 claims from last week’s level. Weekly claims data register some volatility, but the trend has been one of a solid decline, an indication of an improving job market.
- Relatedly, furloughed federal employees are eligible to file for unemployment insurance, so some temporary spike may be likely in the coming weeks.
- What this Means for REALTORS®: Employment conditions have been improving solidly, although modestly. At the current pace of growth and job creation, NAR expects existing home sales to hit a level of 5.2 million in 2012, an 11 percent year-on-year gain.
Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.
