THE BASIS POINT

Data Limited and Inaccurate Recently.

 

Jobless Claims (week ended 10/12/1012)

– New Claims 358,000. Previous was 373,000.

– 4-week Moving Average 336,500

This data has been tainted recently by California’s inability to fix IT problems.

Philadelphia Federal Survey (October 2013)

– General Business Conditions Index 19.8.  Previous was 22.3.

Not available are Housing Starts and Industrial Production.

 

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