Economics Update

It's Jobless Thursday, and initial unemployment claims fell by 10,000 to 382,000, with the 4-week moving average of initial claims, continuing claims, and emergency claims falling as well.

When juxtaposed with stronger than expected retail sales figures for March, the economic news is generally pertty good, though the fact that home prices continue to crater, falling for the 7^th straight month, indicates that real estate is not done with its correction.