Initial Claims & Philadelphia Fed

Initial Claims 09/13 +10K at 455K Full Report

Inside the number: 4 week MA +5K; Continuing unemployment -55K at 3.478M; 4 week MA +29.75K at 3.461M

Philadelphia Fed Sep +3.8 vs -12.7 Full Report

Inside the number: some improvement: new orders; shipments; prices paid.

Unfilled orders or backlog still shrinking -10.2 vs -8.7; & despite the slight improvement; where are the jobs??

Employment still negative -0.9 vs -1.1

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