PPI

 

Jobless Claims (week ended 12/8/2012) New Claims – 343,000. Previous week was revised down to 372,000. 4-week Moving Average 381,500 Unadjusted New Claims were 428,814 down 72,117 from the previous week. Claims have decreased for 4 consecutive weeks. Initial Jobless Claims data has been distorted: 1) Sandy 2) Christmas hiring and 3) seasonal layoffs due

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PPI (September 2012) – PPI (wholesale inflation) Month/Month core (less food and energy) was +.0.0% – PPI (wholesale inflation) Month/Month overall +1.1% – PPI (wholesale inflation) Year/Year core (less food and energy) was +2.3% The contained core is what is important as a longer term macroeconomic indicator.  With the Fed’s enormous expansion of money supply

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