Free Markets, Free People
Economic Statistics for 19 Apr 12
The following statistics were released today on the state of the US economy:
Initial jobless claims were 386,000 last week, while the previous week’s claims were revised sharply upwards to 388,000. The four-week moving average of 374,750 is the highest since January.
The index of Leading Indicators rose 0.3% in March, a growth rate that could best be described as sustainable, though not robust.
Manufacturing growth slowed slightly in the Philadelphia Fed district, as the Fed Survey slipped to 8.5 from last month’s 12.5.
Existing home sales were worse than expected for March, with sales down -2.6% to a 4.48M annual rate. Sales are hampered by tight credit and a still sluggish labor market.
The Bloomberg Consumer Comfort Index rose to -31.4, tying the best reading since March, 2008.