Initial jobless claims came in unchanged this morning at -505K, while its overall downward trend continues to indicate that fewer people are losing their jobs. This should help decelerate the climb in the unemployment rate and decline in payrolls, until they eventually peak some time during the first half of 2010. It is very likely […]
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Jobless Claims
The last full week in November brings with it its fair share of economic data, Fed talk, and a few important earnings stragglers. The general themes of the week will be housing, manufacturing, inflation, and the consumer. On the economic front, October’s retail sales—released on Monday—should steal the show, followed up by October’s industrial production […]
The second full week in November brings with it not only a federal holiday on Wednesday, but a relatively quiet week on the data front. The week’s potentially most interesting piece of data—the Fed’s Senior Loan Officer Survey—has no official release date, however, looking back the report is typically published early in the week following […]
With the first week of November comes a wave of important economic data—plus a few key earnings announcements—important macro releases include October’s employment report, an FOMC announcement, and several other indicators that will help gauge the health of the consumer and overall economy. Also important to note is that the ECB, Bank of England, and […]
This week’s most important economic data will likely come in the form of third quarter 2009’s advanced estimate of GDP, which should put an end to four consecutive quarters of declines. The U.S. government’s ‘Cash for Clunkers’ program during the quarter should help to boost the personal consumption component of GDP, while inventories declining at […]
On the economic front the market will be encountering some important housing related releases in addition to the Fed’s Beige Book on Wednesday. On the housing front, on Monday the market will get a peak at October’s NAHB/Wells Fargo Housing Market Index, followed by housing starts on Tuesday. However, the most important housing release of […]
September’s CPI rose +0.2%, compared to a +0.4% increment a month prior. Core CPI increased +0.2%. This was generally in-line with the Bloomberg consensus forecast. Food prices fell -0.1% during the month while energy prices rose +0.6%. These modest gains continue to indicate that some deflationary risk remains on the table, and inflation should not […]
Despite a holiday on Monday, we have a busy week on all fronts, combing a deep economic calendar with a flurry of critical earnings releases. On the economics front the two most important indicators are retail sales on Wednesday and CPI on Thursday. September’s retail sales could face some negative pressure on the back of […]
Initial Claims declined 33K to 521K for the week ending Oct. 03. This was much better than the consensus estimate of 540K. This was the lowest reading since early Janurary 2009. It is unclear whether or not this is the start of a trend of significant improvement in claims or just a seasonal quirk Therefore, […]
Based on last week’s negative performance on the back of several pieces of melancholy economic news, some investors may argue September has come late this year. Looking ahead, we have a pretty quiet week on the data front, which may cause investors, still trying to heal from last week’s wounds, to place added emphasis on […]