GDP +3.5% 3rdQ2014.

GDP 3rdQ2014 First Estimate

– Real GDP quarter/quarter seasonally adjusted/annualized 3.5%. Previous quarter was +4.6%
– GDP price index quarter/quarter seasonally adjusted/annualized.  +1.3%. Previous quarter was +2.1%

This initial estimate has only 2 of 3 months data for all but the consumer spending and usually sees large adjustments.  3.5% growth is good but still a bit less than what we need to generate the money government spends.

 

Jobless Claims (week ended 10/25/2014)

– New Claims (seasonally adjusted)  287,000. Previous was 284,000
– New Claims unadjusted were 270,238 an increase of 14,187 from the previous week
– 4-week Moving Average 281,000. Previous was 281,250.