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Featured Advisor

Kim Butler

Partners for Prosperity, Inc.

City:Mt. Enterprise

State: TX

I have 20+ years of handling alternative investments in cash, growth and income for clients nationwide.  I strive to help my clients with all things financial in every way possible over the phone and the web.  I own an alpaca farm which I enjoy working during my downtime.  I also enjoy gardening, writing and reading books.  I also train other advisors on Prosperity Economics.

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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..