Housing Starts down. Jobless Claims Remain Low.
Housing Starts (June 2014)
– Starts (seasonally adjusted, annualized) 893,000. Previous revised down to 985,000
– Permits (seasonally adjusted, annualized) 963,000. Previous revised up to 1,038,000.
This is disappointing data.
Jobless Claims (week ended 7/12/2014)
– Initial Claims (seasonally adjusted) 302,000. Previous was 305,000 – Initial Claims (unadjusted) totaled 369,591an increase of 47,079 from the previous week – 4-week moving average 309,000
Jobless Claims remain low.
Philadelphia Fed Survey (July 2014)
– General Business Conditions Index 23.9. Previous was 17.8.
This is a survey report intended to measure general business conditions in the area served by the Philadelphia Federal Reserve.