Jobless claims continue to drop, housing market could see a boost

The Labor Department recently released a report stating that jobless claims fell again for the week ending December 22, leading many to hope for further declines in the new year.

In the final weeks of 2012, the employment rate has been fluctuating massively, with the prior week registering 17,000 more claims, followed by the 12,000-claim drop. As the housing market continues to improve, however, many analysts hope that the employment rate will follow along behind.

As more homeowners see improved equity and register raised levels of confidence in the health of the economy, many employees will see strengthened job security, while those who continue to be unemployed could see new opportunities in the near future.

With the growth of the housing market, rental property management officials may see improved numbers of rental applications coming in under their doors.