Despite Friday’s better than anticipated confidence number it’s unlikely the index can show sustained gains until initial jobless claims move well below current levels. As the attached chart highlights, in 2009, as claims began to fall, confidence began to rise off of crisis lows. However, since the start of 2010 this trend came to an […]
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Labor
February’s surprise 0.1% increment in industrial production came despite severe winter weather during the month that was expected to hamper production. Amongst the index’s biggest gainers were computers and information processing equipment, which each rose roughly 1%. As Bloomberg put it these increments ‘signal the pickup in U.S. business investment is being sustained’. However, could […]