Market Mover Thursday: 2Q GDP, Weekly jobless claims…
2Q GDP -1%
1Q GDP -6.4%
MiM expects a 3Q GDP bump from the Cash for Clunkers and then another drop in Q4,Q1…
The number of U.S. workers filing new claims for jobless benefits fell last week to 570,000, and those collecting long-term unemployment benefits dropped to the lowest level since April…
Lowest since April? Wow that was a whole 3 months ago! What maroons. Tell me it is the lowest since 2005 and I’ll feel better, they are really reaching for good data and it just isn’t there IMO….recall we have been seeing the highest number of continuing claims in decades…
Analysts polled by Reuters had forecast new claims slipping to 565,000 in the week ending Aug. 22 from 580,000 the prior week, which had been previously reported as 576,000.
Continued claims fell to 6.133 million in the week ended Aug. 15 from 6.252 million the prior week….
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