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.