Are you seeing signs of an improving economy? Let us know.

Within the past few years, economic news was most likely something many of us avoided. Or at the least many of us dreaded reading about. Unemployment news typically offers easier insight into the state of our local economy. On November 19^th, our local Press Democrat reported a slight drop in unemployment figures for the month of October.

Could this be a glimmer of hope?

The reported jobless claims dropped approximately .5% to an overall 9.7% unemployment rate. While that number might seem insignificant, the jobless rate stood at 10.1% one year prior. The current rate of unemployment is nearly on par with the national average at 9.6%.

With early holiday spending data showing an increase over the prior year; there are some signs of slow movement within the economy. How this impacts the housing market remains to be seen. It’s quite difficult to speculate on information better left to economists; however, sometimes consumer perception is a catalyst to better things.

As we head into the New Year, let us hope that the perception and news continue to be positive. As citizens of this beautiful region, no matter the news or outlook we continue to remain strong. Please continue to support our local retailers and businesses, lend a helping hand to those less fortunate. Sometimes a little good news is all people need.

Thank you.