Unemployment Applications Dip Again

It was very good to see that unemploment applications have dipped again. This was for the second straight week, indicating the labor market remains healthy, despite a yearlong slowdown in economic growth. The Labor Department reported that the number of Americans filing claims for jobless benefits totaled 309,000 last week, down 1,000 from the previous week. The small emprovement pushed claims down to the lowest level in 3 weeks. I know in our area housing construction is booming and in the expensive price range too.