Initial claims for state unemployment benefits increased 11,000 to a seasonally adjusted 315,000 for the week ended Sept. 6, the highest level since late June, the Labor Department said on Thursday.
"I don't believe it."
"This is anomalous."
"There's going to be an upward revision."
That's how three top economists reacted on CNBC to the much-lower-than-expected August jobs report, shortly after it was released Friday.
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
Initial claims for state unemployment benefits increased 11,000 to a seasonally adjusted 315,000 for the week ended Sept. 6, the highest level since late June, the Labor Department said on Thursday.
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
The Commerce Department said on Friday retail sales increased 0.6 percent last month after an upwardly revised 0.3 percent gain in July. The increase in retail sales, which account for a third of consumer spending, was in line with economists' expectations. July's retail sales were previously reported to have been flat.
So-called core sales, which strip out automobiles, gasoline, building materials and food services, and correspond most closely with the consumer spending component of gross domestic product, increased 0.4 percent in August.
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
Huh?
Fed will end QE next month, 'considerable time' remains
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
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I don't remember rates jumping when the previous QE's ended
Time to worry? Russell 2000 hits 'death cross'
Robert Hum | @HumOnTheMarkets
VIDEO:
http://www.cnbc.com/id/102006075
US retail sales down 0.3% in Sept vs. 0.2% drop expected
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
U.S. producer prices slipped 0.1 percent last month, the Labor Department said on Wednesday.
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
Futures are dropping like a big rock.... Ugly.
http://finance.yahoo.com/
US weekly jobless claims total 283,000 vs. 282,000 expected
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
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