Thursday, November 10, 2016

First Time Unemployment Claims Plummet By 11,000; Well More Than Forecast -- November 10, 2016

From Business Insider:
  • initial jobless claims fell more than expected
  • dropped to 254,000
  • the forecast: to 260,000
  • previous week: 265,000
  • a drop of 11,000
  • four-week moving average: 259,750, an uptick of 1,750 from the previous week's revised average
Also, here.

4Q16: 3.1

From Federal Reserve Bank of Atlanta:
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2016 is 3.1 percent on November 9, unchanged from November 4.
The forecast of the contribution of inventory investment to fourth-quarter real GDP growth inched up from 0.46 percentage points to 0.50 percentage points after this morning's wholesale trade report from the U.S. Census Bureau.

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