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Featured Advisor



Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management

City:Northbrook

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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Jobless Claims Fall for First Time Since April

For the first time since April, jobless claims in the week ending June 2 posted a decline, dropping to 377,000, a decrease of 12,000 from the previous week’s upwardly revised figure of 389,000.  The four-week moving average, a less volatile number that flattens out week-to-week fluctuations in the data, was also 377,750, an increase of 1,750 from the previous week’s revised average of 376,000. Analysts consider 375,000 jobless claims to be a benchmark that signals strong enough hiring to lower the unemployment rate. The number of Americans filing for continuing unemployment claims during the week ending May 26 was 3,293,000, an increase of 34,000 from the preceding’s week’s revised level of 3,259,000. The 4-week moving average was 3,279,500, an increase of 11,500 from the preceding week. The total number of people claiming benefits in all programs for the week ending May 19 was 5,970,729, a decrease of 167,133 from the previous week. States reported 2,572,558 persons claiming emergency unemployment benefits for the week ending May 19, a decrease of 45,808 from the prior week. There were 3,381,090 claimants in the comparable week in 2011. The largest increases in initial jobless claims for the week ending May 26 were in Illinois, Georgia, Missouri, New York, and Tennessee. The largest decreases were in California, North Carolina, Pennsylvania, Texas, and Virginia.