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October 3, 2013

Initial Jobless Claims Remain low.

October 3, 2013

Initial Jobless Claims Remain low.

Challenger Job-Cut Report (September 2013)

– Announced layoffs 40,289. Previous month was 50,462

Jobless Claims (week ended 9/28/2013)

– Initial Claims 308,000.  Previous revised to 305,000 – 4-week Moving average 305,000.

This is low and should help the jobs report.  Keep in mind that layoffs are but a small percentage of people moving in and out of the jobs market.

ISM Non-Manufacturing Index (September 2013)

– Composite Index – Level  54.4. Previous was 58.6.

This is a bit weak by comparison with August which was a post-recovery high.