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Featured Advisor

Ed Meek
CEO/Investment Advisor

Edge Portfolio Management


State: IL

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, playing and following basketball, playing golf, and participating as an advisory board member for Breakthrough Urban Ministries.

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Jobless Claims Reverse Elevated Trend

After three weeks of elevated readings, first-time jobless claims for the week ending April 28 fell to 365,000, a decrease of 27,000 from the previous week’s revised figure of 392,000, 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 383,500, an increase of 750 from the previous week.  This positive report comes a day after ADP’s worrisome April National Employment Report that found private employers added the fewest jobs in seven months, and eases labor market concerns in advance of the government employment report to be released on Friday. The number of Americans filing for continuing unemployment claims during the week ending April 21 was 3,276,000, a decrease of 53,000 from the previous week. The four-week moving average was 3,297,000, a decrease of 18,250 from the preceding week. The total number of people claiming benefits in all programs for the week ending April 14 (the most recent data available) was 6,597,492, a decrease of 85,523 from the previous week. States reported 2,724,432 persons claiming emergency unemployment benefits for the week ending April 14, a decrease of 4,772 from the prior week. The largest increases in initial jobless claims for the week ending April 21 were in Connecticut, Massachusetts, New York, Puerto Rico, and Rhode Island. The largest decreases were in Alabama, Ohio, New Jersey, Pennsylvania, and Wisconsin..