Free Markets, Free People
Economic statistics for 13 Oct 11
Today’s economic statistical releases:
The US trade balance was little changed from a deficit of -$44.8 billion in July to -$45.6 billion in August.
Initial claims for unemployment dropped 1,000 to 404,000 from last week’s revised 405,000. Last week was originally reported at 401,000. Anything above 400,000 isn’t very good.
The Bloomberg Consumer Comfort Index hovered at a historic low of -50.8 last week, as American consumer pessimism increased.