It was better than expected, but this number needs to be in the 300,000's for unemployment picture to get brighter. And as long as unemployment is a problem pressure will be on housing prices. 8 million jobs have been lost in this recession.
Instead, Wall Street economists forecast that initial claims for jobless aid rose by 2,000 to 455,000 last week, according to a survey by Thomson Reuters. The Labor Department will issue its weekly report Thursday at 8:30 a.m.
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