Economic Reports 03/22/07
Leading Indicators -0.5% vs prior -0.3% Full Report
Inside the number: Rising... core capital equipment orders, stock prices, money supply and consumer goods orders... falling... consumer expectations, building permits, interest rate spread and jobless claims.
The index has only risen twice in 6 months, and has been flat of declining 9 out of 12 months.
A labor economist for the conference board: "The housing and manufacturing sectors are clearly going through a correction, but the consumer sector appears to be holding up."
How long will it hold up? till summer when the latent effects of layoffs and the housing fiasco really kick in...
Initial Claims 03/17 -4K to 316K vs prior revised up 320K Full Report
Inside the number: 4 week MA -3.75K to 326K. Continuing claims -69K to 2.50 M, 4 week MA -1.25K to 2.56 M.
A slight improvement, however compared with the same time last year, initial claims are up about 4% while continuing claims are up about 3%.
An economist for Moody's economy.com: "The general expectation is for an upward trend in claims over the coming months as construction industries begin to lay off more workers."
As housing sector layoffs mount, the last leg holding up the emasculated economy (service) will start to wobble. Keep a jaudiced eye on the INCREASE/DECREASE section at the end of the report...
Inside the number: Rising... core capital equipment orders, stock prices, money supply and consumer goods orders... falling... consumer expectations, building permits, interest rate spread and jobless claims.
The index has only risen twice in 6 months, and has been flat of declining 9 out of 12 months.
A labor economist for the conference board: "The housing and manufacturing sectors are clearly going through a correction, but the consumer sector appears to be holding up."
How long will it hold up? till summer when the latent effects of layoffs and the housing fiasco really kick in...
Initial Claims 03/17 -4K to 316K vs prior revised up 320K Full Report
Inside the number: 4 week MA -3.75K to 326K. Continuing claims -69K to 2.50 M, 4 week MA -1.25K to 2.56 M.
A slight improvement, however compared with the same time last year, initial claims are up about 4% while continuing claims are up about 3%.
An economist for Moody's economy.com: "The general expectation is for an upward trend in claims over the coming months as construction industries begin to lay off more workers."
As housing sector layoffs mount, the last leg holding up the emasculated economy (service) will start to wobble. Keep a jaudiced eye on the INCREASE/DECREASE section at the end of the report...
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