Free Markets, Free People
Economic Statistics for 9 Feb 12
Today’s economic statistical releases:
Initial claims for unemployment fell 15,000 last week to 358,000, while the 4-week average dropped 11,000 to 366,250. This is strongly positive for job growth. Or it means that, after losing 7 million jobs since 2007, we’ve pretty much fired everyone who can usefully be fired.
The Bloomberg Consumer Comfort Index rose to -41.7 from -44.8 last week.
In wholesale trade, inventories rose a strong 1.0% in December, and a 1.3% rise in sales leaves the stock-to-sales ratio unchanged at 1.15.