Initial Claims; Philly Fed; Building Permits & Starts Jun
Summary: Headline reads, total claims below estimates,
under the sheets... Initial claims up, long term unemployment worsens.
Philly Fed 8th straight month of continued weakening with widespread cost pressures.
Headline reads huge jump in building permits & starts, bodes well for Q2 GDP
under the sheets... SFR permits and starts still plunging, starts are 43% down Yoy and hit a 17 year low.
Initial Claims 07/12 +18K at 366K vs 348K Full Report
Inside the number: prior revised up 2K. 4 week MA -4.5K at 376.5K. Continuing unemployment -81K at 3.203M; 4 week MA +16.5K at 3.142M
Philadelphia Fed Jul -16.3 vs -17.1 Full Report
Inside the number: Prices paid 75.6 vs 69.3; Prices received 28.8 vs 29.7; Employees -7.3 vs -6.9; Average Work Week -12.5 vs -8.9
Building Permits Jun +11.6% at 1091K vs 978K Full Report
Inside the number: Yoy -23.9%; YTD -33.2%. SFR -3.5% at 613K; Yoy -39.7%; YTD -41.1%.
Housing Starts +9.1% at 1066K vs 977K; Yoy -26.9%; YTD -30%; SFR -5.3% at 647K; Yoy -43%; YTD -40.3%.
The total loss of construction jobs since September 2006 has swelled to 528K, and thats what was "over the table."
under the sheets... Initial claims up, long term unemployment worsens.
Philly Fed 8th straight month of continued weakening with widespread cost pressures.
Headline reads huge jump in building permits & starts, bodes well for Q2 GDP
under the sheets... SFR permits and starts still plunging, starts are 43% down Yoy and hit a 17 year low.
Initial Claims 07/12 +18K at 366K vs 348K Full Report
Inside the number: prior revised up 2K. 4 week MA -4.5K at 376.5K. Continuing unemployment -81K at 3.203M; 4 week MA +16.5K at 3.142M
Philadelphia Fed Jul -16.3 vs -17.1 Full Report
Inside the number: Prices paid 75.6 vs 69.3; Prices received 28.8 vs 29.7; Employees -7.3 vs -6.9; Average Work Week -12.5 vs -8.9
Building Permits Jun +11.6% at 1091K vs 978K Full Report
Inside the number: Yoy -23.9%; YTD -33.2%. SFR -3.5% at 613K; Yoy -39.7%; YTD -41.1%.
Housing Starts +9.1% at 1066K vs 977K; Yoy -26.9%; YTD -30%; SFR -5.3% at 647K; Yoy -43%; YTD -40.3%.
The total loss of construction jobs since September 2006 has swelled to 528K, and thats what was "over the table."
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