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Economic Statistics for 6 Dec 12

The following US economic statistics were announced today:

The Bloomberg Consumer Comfort Index eased down -0.8 points to -33.8.

The Census Bureau’s quarterly information services survey reports that rose 0.3% in the 3rd quarter, up 2.1% On a year-over-year basis.

The Challenger Job-Cut Report indicates that November layoff announcements rose to 57,081 from 47,724 in October.

Initial claims for unemployment fell 25,000 last week, to 370,000. The 4-week moving average rose 3,000 to 408,000. Continuing claims fell 100,000 to 3.205 million. The weekly drop is being taken as an indication that all the Hurricane Sandy-related jobless claims have been fully unwound.

Dale Franks
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