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August 22, 2013

Initial Jobless Claims Remain low.

August 22, 2013

Initial Jobless Claims Remain low.

Initial Jobless Claims (week ended 8/17/2013)

– New Claims (seasonally adjusted) 336,000. Previous was 320,000

– 4-week Moving Average 330,5000. Previous was 332.000

– Initial Claims (unadjusted) 279,026 a decrease of 3,997 from the previous week.

The jobs market appears healthier that it has been over the past 5 years. What remains to be seen is the nature of the jobs being created. Are we creating more full-time jobs or continuing to create more part-time jobs?

FHFA House Price Index (June 2013)

– Month/Month +0.7% same as previous. – Year/Year +7.7%

These are prices of homes financed with FNMA of FHLMC loans.

Leading Economic Indicators (July 2013)

– Leading Indicators Month/Month was +0.6%. Previous reading was +0.0%,

This is a weighted average of 10 pieces of data and is produced by the Conference Board.

Kansas City Federal Reserve Manufacturing Index (August 2013)

– Index Level +8. Previous was +6.

This is a monthly survey index of manufacturers in the 10th Federal Reserve District. I have always though it strange that 2 of the 12 Federal Reserve Districts (Kansas City and St. Louis) are headquartered in the state of Missouri.