Weekly Jobless Claims Improve by 30K

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Economic Update: Weekly Jobless Claims

Initial Claims for Unemployment Insurance for the week ending 10/6 fell 30,000 and were reported at 339K.

The total was below the consensus estimate for 371K and last week’s initially reported total of 367k (which has been revised up to 369k).

Continuing Claims for the week ending 9/29 came in at 3.272M vs. consensus of 3.283M.

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Other stories on the US Economy to review:

• NFIB: Small Business Optimism Holds Steady
  
• Jobs Report Shows Unemployment Rate Dives to 7.8% in September
  
• Factory Orders Pull Back As Expected in August
  
• Challenger: Planned Job Cuts Remain Near 21-month Low
  
• ISM Non-Manufacturing Index Improves in September, But...
  
• ADP Report Shows Job Market Improved Modestly in September
  
• ISM Manufacturing Returns to Expansion Mode in September
  
• University of Michigan Consumer Sentiment Improves in September
  
• Chicago PMI Dives Below 50 in September
  
• Personal Income and Spending a Mixed Bag in August
  
• Pending Home Sales Point To a Potential Problem
  
• GDP Growth Rate Revised Down Significantly in Q2
  
• Durable Goods Orders Plunged in August
  
• New Home Sales Steady in August
  
• Richmond Fed Index Surprises to the Upside
  
• Consumer Confidence Surges Higher in September
  
• Case-Shiller Home Price Index Improves for 3rd Straight Month
  
• Philly Fed Index Improves in Sept, But Weakness Persists
  
• LEI Dips in August
  
• Exsiting Home Sales Improve in August
  
• Housing Starts Up in August, Permits Lower
  
• Homebuilder Confidence Up Again in Sept
  
• Industrial Production, Capacity Utilization Decline in August
  
• Retail Sales Improve In August
  
• CPI - Inflation In Line With Consensus
  
• PPI Hotter Than Expected in August
  
• U.S. Productivity Improves, Labor Costs Steady

 

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