Free Markets, Free People
Economic Statistics for 14 Mar 13
Here are today’s statistics on the state of the economy:
Initial jobless claims fell 10,000 to 332,000. The 4-week average fell 2,750 to 346,750, while continuing claims fell 89,000 3.024 million. The 4-week average and continuing claims are now at a recovery low.
The Producer Price Index rose 0.7% in February, while the core PPI, ex-food and –energy, rose 0.2%. On a year-over-year basis the PPI is up 1.8%, while the core rate is up 1.7%.
The nation’s current account deficit for the fourth quarter was a less-than-expected $110.4 billion.
The Bloomberg Consumer Comfort Index rose 0.8 points to -31.6 in the latest week.
For the March 13 week, the Fed’s assets rose $56.6 billion, with the Fed’s balance sheet now totaling $3.167 trillion.
The Fed reports that M2 money supply rose by $6.6 billion in the latest week.