2008-04-17 Initial Jobless Claims

Initial Jobless Claims (Apr 12)

Survey 375K
Actual 372K
Prior 357K
Revised 355K

Not impossible that this spike to over 400,000 might be ending, much like in 2005, this time with help from a fiscal package and and government spending moved forward from 2007 to 2008.

2008-04-17 Continuing Claims

Continuing Claims (Apr 5)

Survey 2950K
Actual 2984K
Prior 2940K
Revised 2958K

This lags the claims a bit, and could go further, but still not looking like recession type levels

2008-04-17 Leading Indicators

Leading Indicators (Mar)

Survey 0.1%
Actual 0.1%
Prior -0.3%
Revised n/a

The future is starting to look a touch better, and the Fed uses ‘forward looking’ models.

2008-04-17 Philadelphia Fed.

Philadelphia Fed. (Apr)

Survey -15.0
Actual -24.9
Prior -17.4
Revised n/a

2008-04-17 Philadelphia Fed. TABLE

Philadelphia Fed. TABLE

The Phili area is still in a ‘soft spot’ with only prices paid showing real strength.

Twin themes remain from Q2 06: weakness and higher prices.

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