Previewing Tomorrow's Economic Numbers

Tomorrow will see the release of some important economic numbers, with jobless claims and new home sales leading the way. At 8:30 a.m., initial claims for the week ending June 18 will be released. Economists are expecting initial claims of 413,000. This is down slightly from last week, when 414,000 people filed for the first time. Continuing claims are expected to tick up, going to 3.68 million from 3.675 million. At 10:00 a.m., new home sales for May are going to be released. Economists expect a drop of around 7% from April, going to 305,000 from 323,000.