Thursday, October 16, 2008

Quick Economic Data Post

Weekly Unemployment Claims

Initial claims of 461,000
--- 4 week moving average is 483,250
highest moving average since October, 2001

Continuing claims of 3.711 million
highest since May, 2003


Annualized rate of 4.9%
down from last month's 5.4%

falling energy prices were the main cause of the drop.

Equity futures are trading a bit above fair value

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