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Tag Archives: Company News

First-Time Jobless Claims Continue to Drop

First time claims for unemployment insurance for the week ended May 4 dropped 4,000 to, 323,000, again the lowest level in more than five years the Labor Department reported Thursday. Economists expected initial claims to increase to 335,000. First time jobless claims for the week ended April 27 were revised up to 327,000 from the originally reported 324,000.

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Foreclosure Activity Increases 7% in Q1: RealtyTrac

RealtyTrac reported Thursday that foreclosure filings were brought against nearly one million properties during the first three months of 2010. That's a seven percent increase from the previous quarter, and equates to one in every 138 homes in the United States. RealtyTrac noted, though, that bank repossessions were the highest the company has every documented - perhaps evidence that lenders are starting to make a dent in the backlog of distressed inventory that has built up over the last year.

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