Here are today’s statistics on the state of the economy:
Initial claims for unemployment fell by 5,000, to a lower than expected level of 348,000 for the week. The four-week average fell 1,250 to 355,000.
The Bloomberg Consumer Comfort Index fell slightly to -34.9. But, more people said the economy was improving than at any time in eight years.
Some previous data indicated home prices were improving. That would be good news, if it were true. But, it isn’t. The FHFA reports house prices in January were unchanged.
The Index of Leading Economic Indicators rose 0.7%, led by improvement in the labor market.