Economic Statistics for 15 Nov 12
The following US economic statistics were announced today:
Initial claims for unemployment rose a massive 78,000 last week, to 439,000. The 4-week moving average rose 11,750 to 383,750. Continuing claims rose 171,000 to 3.334 million.
The Bloomberg Consumer Comfort Index continues to rise, coming in at –33.1 versus –34.4 at last reading.
The consumer price index in October increased 0.1%, while the core rate,excluding food and energy, rose 0.2%. On a year-over-year basis, the CPI rose 2.2%, while the core rate rose 2.0%.
The general business conditions index of the Philadelphia Fed’s Business Outlook Survey for November plunged to –10.7 from 5.7 the prior month. The decline stems mainly from the impact of Hurricane Sandy.
The Empire State manufacturing index in November rose to –5.22 from –6.16, showing little impact from Sandy, unlike the Philly Fed.
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Dale Franks
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Initial claims for unemployment rose a massive 78,000 last week, to 439,000. The 4-week moving average rose 11,750 to 383,750. Continuing claims rose 171,000 to 3.334 million.
Oh. This wasn’t manipulated prior to the election !! More BS from the BLS
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Dale, I understand a food stamp report was held for 9 days in order for it be released after the election. Is that normal? I do not want to be wearing a tinfoil hat if I can avoid it.
http://www.examiner.com/article/obama-hid-report-showing-surge-food-stamp-use-until-after-election
But the question is, “Do you believe what the BLS is telling you about inflation?” It sure seems higher in reality.