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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 at Lowest Level in Seven Months

The fewest Americans in seven months filed first time jobless claims in the week ending Nov. 12, a sign that the labor market might finally be getting some traction. The advance figure for seasonally adjusted initial dropped 5,000 to claims 388,000, the Labor Department announced. The four-week moving average, a less volatile number that flattens out week-to-week fluctuations in the data, was 396,750, a decrease of 4,000 from the previous week's revised average of 400,750, and the first time since April that the four-week average fell below 400,000. Economists peg 375,000 as the benchmark for significant job growth. The number of Americans filing for continuing unemployment claims during the week ending Nov. 5 was 3,608,000, a decrease of 57,000 from the previous week’s revised average of 3,702,750. The four-week moving average was 3,670,000, a decrease of 32,750 from the preceding week’s revised average of 3,702,750. States reported 2,935,466 persons claiming emergency unemployment benefits for the week ending October 29, a decrease of 18,358 from the prior week. The total number of people claiming benefits in all programs for the week ending October 29 was 6,773,326, a decrease of 62,278 from the previous week. The largest increases in initial claims for the week ending November 5 were in Illinois, Michigan, Pennsylvania, Texas, and Washington. The largest decreases were in Arizona, District of Columbia, Florida, Oregon, and Puerto Rico.