THE BASIS POINT

Flat Fundamentals.

 

Jobless Claims (week ended 7/11/2015)

– New Claims seasonally adjusted 281,000. Previous was 296,000
– New Claims unadjusted totaled 344,002 an increase of 40,416 from previous week
– 4-week Moving Average seasonally adjusted 282,500. Previous was 279,250

The large difference between the adjusted and unadjusted count could be due to retooling shutdowns in auto plants.

 
Philadelphia Federal Reserve Business Outlook Survey (July 2015)

– General Business Conditions Index  5.7. Previous was 15.2.

 
Housing Market Index (July 2015)

– Housing Market Index  60. Previous was 59.

This is a survey index taken by The National Association of Home Builders.

 

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