THE BASIS POINT

Jobless Claims Remain low.

 

Jobless Claims (week ended 10/4/2014)

– New Claims (seasonally adjusted) 287,000. Previous was 288,000

– New Claims (unadjusted) totaled 257,736  an increase of 30,056 the previous week.

– 4-week Moving Average 287,750. Previous was 295,000

 

Wholesale Trade (August 2014)

– Inventories month/month +0.7%. Previous was +0.3%,

This is another case of the supply side getting ahead of the demand side.  This number is a GDP component.

 

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