Today we kicked off the day with Initial Jobless Claims. We had a 4 week streak in which claims were looking better , the party is over and remember, Initial Claims and all other US economic data is ALWAYS revised higher or worse, never lower or better and last week was no exception.
Here's the print...
| Released on 12/29/2011 8:30:00 AM For wk12/24, 2011 |
| Prior | Consensus | Consensus Range | Actual |
| New Claims - Level | 364 K | 372 K | 370 K to 383 K | 381 K |
| 4-week Moving Average - Level | 380.25 K | | | 375.00 K |
| New Claims - Change | -4 K | |
| 15 K |
|
*Note the prior week at 364k was upwardly revised to 366k
Continuing Claims also were higher and of course they were also revised higher . The number of people dropping off the 99 weeks of benefits or 2 years of unemployment was also higher.
Chicago PMI came in a bit better then expected.
| Released on 12/29/2011 9:45:00 AM For Dec, 2011 |
| Prior | Consensus | Consensus Range | Actual |
| Business Barometer Index - Level | 62.6 | 60.7 | 58.0 to 65.0 | 62.5 |
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