Macro Notes
Claims/Durables goodsPeter Boockvar
Positively, Initial Jobless Claims fell to 359k from 385k last week. It was well below expectations of 375k and the lowest since early July. It brings the 4 week average down to 374k from 379k and while the Labor Dept said the data included "very minor activity" related to the aftermath of hurricane Issac, it had almost no impact on the national figure. Continuing Claims fell by 4k and Extended Benefits were lower by 2k. Bottom line, while one week doesn't make a trend, the pace of firings took somewhat of a break on the week. This says nothing however...
read more ?Source: http://www.ritholtz.com/blog/2012/09/fictitous-nyc-tv-sitcom-real-estate/
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