February, 2014

Labor market improving gradually

The daily fluctuations in market statistics can start to be overwhelming, so we are trying to pick the few that jump out as important to long range interest rates for municipal bonds.    As the labor market continues to improve there will be pressure for rates to rise back to balanced levels, non recession levels, and thusly the corresponding rates for municipal bond financing.

The number of people who applied to receive unemployment benefits in the last week of January fell by 20,000, reversing the increase from the week before and signaling that the U.S. labor market continues to gradually improve


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