Initial Claims
First time applications for jobless benefits +42,000 to 367,000 last week. But the gain was largely due to a partial government shutdown in Puerto Rico.
Ex Puerto Rico seasonally adjusted initial claims 312,000. The number of people collecting unemployment checks rose by 8,000 to 2.39 million.
Later today, Philly FED and Leading Indicators (which have fallen 2 straight months, indicating a potential slowdown in the economy.
Overnight European markets up and Asian markets DOWN BIG. Lessened inflation fears from the initial claims jump and a potential 3rd straight fall in leading indicators may produce a market bounce.
Ex Puerto Rico seasonally adjusted initial claims 312,000. The number of people collecting unemployment checks rose by 8,000 to 2.39 million.
Later today, Philly FED and Leading Indicators (which have fallen 2 straight months, indicating a potential slowdown in the economy.
Overnight European markets up and Asian markets DOWN BIG. Lessened inflation fears from the initial claims jump and a potential 3rd straight fall in leading indicators may produce a market bounce.
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