Leading Economis Indicators

Fundamentals 7/21: Jobless Claims, Philly Fed, Home Prices

Initial Jobless Claims -418,000 week ended July 16, the 16th week above 400k -Up 10k from previous week’s revised 408,000 -4-week moving average 421,250 -Down 2,750 from the previous week’s revised average of 424,000 -This is a chart of Initial Jobless Claims since March 2009 -See colored line showing that we got below 400,000 in