Economics
This Week’s Data
The Fed released its latest Beige Book; and the results are not unexpected nor different from anything Bernanke has been saying in his congressional testimony: retail spending is disappointing but manufacturing, housing, loan demand and sentiment are improving slowly. No hint of the need for QEIII.
Weekly jobless claims rose 36,000 versus estimates of up 15,000.
http://www.calculatedriskblog.com/2012/07/weekly-initial-unemployment-claims_19.html
Showing posts with label jobless claims. Show all posts
Showing posts with label jobless claims. Show all posts
Thursday, July 19, 2012
Thursday, August 19, 2010
Economist on Jobless Claims and the Market
Economists and others weigh in on the jump in jobless claims.
– Initial claims climbed to its highest level in the past 9 months. Although new claims are often very volatile during the summer due to seasonal adjustment difficulties, these data still suggest a softer labor market. Although new claims are still much lower than they were a year ago, they are still relatively high and are no longer trending lower. –Steven A. Wood, Insight Economics
– Initial claims climbed to its highest level in the past 9 months. Although new claims are often very volatile during the summer due to seasonal adjustment difficulties, these data still suggest a softer labor market. Although new claims are still much lower than they were a year ago, they are still relatively high and are no longer trending lower. –Steven A. Wood, Insight Economics
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