Initial Claims 06/14 & Philadelphia Fed Jun
Summary: Headline reads, Initial claims improving slightly...
under the sheets... looking at states with an increase of 1K claims, a widespread disaster.
Headline reads... Philly Fed continuing to contract with a negative reading for the seventh consecutive month...
under the covers.. stagflation raged with prices paid hitting a new high not seen since 1980.
Initial Claims 06/14 -5K at 381K vs 386K Full Report
Inside the number: prior revised up +2K. 4 week MA +3.25K at 375.25K. Continuing unemployment -76K at 3.060M; 4 week MA -2K at 3.098M. Claims +1K a disaster.
Philadelphia Fed Jun -17.1 vs -15.6 Full Report
Inside the number: new orders -12.4 vs -3.7, shipments -6.7 vs +2.2, employment -6.9 vs -1 (5th negative reading in last 6 months).
Stagflation rages on prices paid 69.3 vs 53.8 (highest reading since Nov 1980); prices received 29.7 vs 31.6; future capex falling 3.8 vs 9.9
under the sheets... looking at states with an increase of 1K claims, a widespread disaster.
Headline reads... Philly Fed continuing to contract with a negative reading for the seventh consecutive month...
under the covers.. stagflation raged with prices paid hitting a new high not seen since 1980.
Initial Claims 06/14 -5K at 381K vs 386K Full Report
Inside the number: prior revised up +2K. 4 week MA +3.25K at 375.25K. Continuing unemployment -76K at 3.060M; 4 week MA -2K at 3.098M. Claims +1K a disaster.
Philadelphia Fed Jun -17.1 vs -15.6 Full Report
Inside the number: new orders -12.4 vs -3.7, shipments -6.7 vs +2.2, employment -6.9 vs -1 (5th negative reading in last 6 months).
Stagflation rages on prices paid 69.3 vs 53.8 (highest reading since Nov 1980); prices received 29.7 vs 31.6; future capex falling 3.8 vs 9.9
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