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Weekly Jobless Claims Fall to 350,000

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  • Description

    FBN’s Charles Payne breaks down the stories moving the markets early in the trading day.

  • Duration 0:55
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-- the Labor Department reports that 350000.

Americans filed for jobless claims last week.

That's now 26000 from the week prior and at the lowest level.

In four years unemployment -- still -- -- eight point 2% only 80000 jobs were created last month.

The Freddie Mac thirty year mortgage rate came in at 3.5 6% that's compared to three point 62% last week and that is another all time -- But foreclosure rates are rising in the first six months of this year -- -- filings have gone up 2%.

And major banks are cutting the outlook for the US still gross domestic product growth the biggest comes from Barclays.

Of the bank expects GDP to fall to one point 5% down from 2.5 percent previously.

In overseas economists expect China's economy to slow as well that country releases its report tomorrow morning breaking news Yahoo! doubt don't support they will not that the CEO.

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