Initial Jobless Claims (week ended 11/3)
New Claims – Level 355,000. Previous was 363,000.
4-week Moving Average – 370,5000. Previous was 368,000.
Not much news there. Jobless Claims could increased in the next report as Sandy’s impact is felt.
Trade Balance (September 2012)
Trade Deficit -$41.5 billion. Previous month was -$44.2 billion. Lower oil prices were partly responsible for the lower trade deficit.