On Thursday, stocks clawed back nearly of the week’s prior losses. Lifting investors’ spirits were an easing of concerns over Irish debt, GM’s massive IPO and some surprisingly positive economic reports.
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Initial jobless claims rose slightly last week, in line with expectations.
Claims rose 2,000 to 439,000 in the week ending Nov. 13, The Department of Labor said. The revised figure for the previous week was 437,000.
Economists surveyed by Reuters forecast that claims would rise to 440,000 from a previously reported 435,000.
Companies are slowly adding jobs as the economy improves…
Continue reading Jobless Claims Rise Slightly
Jobless Claims Rise Slightly originally appeared on DailyFinance on Thu, 18 Nov 2010 08:24:00.
Filed Under: Economy, Retail, Market News
U.S. housing starts unexpectedly plunged 11.7% in October to a 519,000-unit annual rate, weighed down by a 47.5% decline in apartment and condo construction. But building permits, a leading indicator of future housing construc…
The nation’s factories continue to show signs that they will support economic growth in the immediate quarters ahead, as manufacturing output rose 0.5% in October — the sector’s biggest gain in three months — the Federal Reserve announced Tuesday.
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The nation’s largest home improvement retailer
reported that its third quarter net earnings rose a higher-than-expected 21% due to lower expenses and cost cuts. Additionally, Home Depot raised its fiscal 2010 earnings outlook….