Layoffs are on the decline, indicated earlier this morning by trends in the Challenger report and confirmed by yet another set of very low readings for jobless claims. Initial claims fell a very steep 16,000 in the July 2 week to 254,000. The 4-week average at 264,750 is trending about 5,000 lower than a month ago which is a constructive signal for growth in the labor market.
About the Author: Bryan Sanford
Bryan Sanford is Vice President and Investment Officer of Charter Trust Company. He joined the firm in 2009 and is based in our Concord NH office. Mr. Sanford received his Bachelors of Science degree from the University of New Hampshire, Durham. Mr. Sanford has held the FINRA Series 7 license. Prior to joining Charter Trust, Mr. Sanford served in the United States Marine Corps as an infantryman. He participated in Operation Iraqi Freedom, touring in Fallujah, Iraq.