Jobless claims drop for third consecutive week

The number of Americans filing for unemployment benefits fell again last week, offering further evidence that the U.S. job market seems to be improving. Initial jobless claims dropped by 10,000 to a seasonally adjusted 332,000 in the week ended March 9, according to data from the U.S. Department of Labor. Read more at Medill Reports… Continue Reading

Sudden Rise in Home Demand Takes Builders by Surprise

After six years of waiting on the sidelines, newly eager home buyers across the country are discovering that there are not enough houses for sale to accommodate the recent flush of demand. “In my 27 years I’ve never seen inventories this low,” said Kurt K. Colgan, a broker with Lyon Real Estate in the Sacramento metropolitan area, where… Continue Reading

U.S. Companies Stashing More Cash Abroad As Stockpiles Hit Record $1.45T

Corporate America has dramatically increased its cash piles over the past few years, stashing more and more Benjamins every year since 2007.  In 2012, U.S. non-financial companies filled their coffers with an additional $130 billion, taking their total cash to a record $1.45 trillion as the economy has stagnated and the labor market has moved… Continue Reading