Facebook Twitter LinkedIn
Register for our daily updates!


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.

Click to see the full profile


Share |

Jobless Claims Flat Last Week

In the week ending June 16, 387,000 people filed first-time jobless claims, a decrease of 2,000 from the previous week’s revised figure of 389,000, the Labor Department announced Thursday. The four-week moving average, a less volatile number that flattens out week-to-week fluctuations in the data, was 386,250, an increase of 3,500 from the previous week’s revised average of 382,750. Jobless claims have fallen—albeit only slightly, for two of the past three weeks. Analysts consider a reading of 375,000 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 June 9 was 3,299,000, unchanged from the preceding week’s revised level. The four-week moving average was 3,293,750, an increase of 5,250 from the preceding week’s revised average of 3,288,500. The total number of people claiming benefits in all programs for the week ending June 2 was 5,826,164, a decrease of 1,164 from the previous week. States reported 2,533,749 persons claiming emergency unemployment benefits for the week ending June 2, a decrease of 17,764 from the prior week. There were 3,299,235 claimants in the comparable week in 2011. The largest increases in initial jobless claims for the week ending June 9 were in California, Georgia, North Carolina, Pennsylvania and Texas. The largest decreases were in Alaska, Minnesota, Missouri, Nevada and Puerto Rico.