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Featured Advisor



Asset Preservation Advisors




City:Atlanta

State: GA



BIOGRAPHY:
APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

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Jobless Claims Show Little Improvement in Labor Market

Fewer Americans filed for first-time jobless claims in the week ending June 23, the Labor Department announced Thursday. The advanced figure for seasonally adjusted initial claims was 386,000, a decrease of 6,000 from the previous week’s revised figure of 392,000. The four-week moving average, a less volatile number that flattens out week-to-week fluctuations in the data, was 386,750, a decrease of 750 from the previous week. 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 16 was 3,296,000, a decrease of 15,000 from the preceding week’s revised level of 3,311,000. The four-week moving average was 3,306,000, an increase of 9.250 from the prior week. The total number of people claiming benefits in all programs for the week ending June 9 was 5,890,091, an increase of 71,724 from the previous week. States reported 2,645,517 persons claiming emergency unemployment benefits for the week ending June 9, an increase of 111,768 from the prior week. There were 3,300,706 claimants in the comparable week in 2011. The largest increases in initial jobless claims for the week ending June 16 were in Florida, Maryland, New Jersey, Pennsylvania, and Puerto Rico. The largest decreases were in California, Illinois, Georgia, Missouri, and New York.