Free Markets, Free People


Economic Statistics for 23 Feb 12

The following statistics were released today on the state of the US Economy:

Initial jobless claims remain unchanged at 351,000 for the latest week. The 4-week moving average fell 7,000 to 359,000. The recent decreases in claims indicate that a positive Employment Situation report for the month.

The Bloomberg Consumer Comfort Index rose to the highest reading since April, 2008, coming in at -38.4. Of, course, that’s still a minus sign in front of that number.

The FHFA reports house prices improved a bit in December, rising 0.7%. That’s still down -0.8% on a year-over-year basis.

The Kansas City Fed Manufacturing Index came in well above expectations, rising from 7 last month to 13 in February.

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Dale Franks
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