Encouraging Economic Highlights – Week in Review

WEEK IN REVIEW

For the week ending August 7th, we have some relatively bright economic news.  Personal income rose 0.4% in June after increasing by the same amount in the prior two months.  The CoreLogic Home Price Index increased 1.7% in June from May and 6.5% on a year-over-year basis from June 2014.  The MBA mortgage applications index rose 4.7% for the week ending July 31st, and though jobless claims rose 3k for the week ending August 1, the level of claims is still well below the 300k mark, indicating that layoffs are low and the claims data point to healthy and improving labor market conditions.  [To read the full Week in Review click here]

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