Initial Jobless Claims (week ended 9/15/2012)
– Initial Claims 382,000. Previous was revised upward to 385,000
– 4-Week Moving Average 377,750
The jobs market is weak and, with recession likely in Europe, we will be reminded that we have a world economy. With average unemployment in the EU nations over 10% those folks much as the domestic unemployed are not buying goods and services.
Leading Economic Indicators (August 2012)
– LEI Month/Month was -0.1%.
This is a rehash of 10 different bits of data and is produced by The Conference Board. It is intended to be a forecast of economic growth about 4 months into the future.
Philadelphia Fed Survey (for September 2012)
– General Business Conditions Index -1.9. Previous was -7.1. The month before that was -12.9.