Close

July 12, 2012

Fundamentals: Jobless Claims, Import/Export Prices

July 12, 2012

Fundamentals: Jobless Claims, Import/Export Prices

Rates holding near record lows after today’s data…

Initial Jobless Claims (week ended 7/7/2012)
– Initial Claims were 350,000.
– Previous was 374,000.
– 4-Week Moving Average 376,500

Import/Export Prices (June 2012)
– Export Prices, Month/Month  -1.7 %
– Export Prices, Year/Year  -2.1 %
– Import Prices, Month/Month -2.7 %
– Import Prices, Year/Year -2.6 %

– Import and Export prices are weighted toward commodities.  These number could be indicative of a modest worldwide recession or, at least, slower growth.