Intiial Claims
Forex News: CPI higher than expectations. Initial Claims still show weakness
Posted by Greg Michalowski on Thu, 08/14/2008 - 7:36am in
CPI comes in at +0.8% versus +0.4%. YoY 5.6% versus 5.1%. Still climbing.
Jobless Claims come in at 450,000 higher that 435,000 expected.
Continuing Claims 3,417,000 versus 3,310,000. These numbers are indicative of recessionary period. This ultimately should help in bringing the CPI down.
Below is a chart of the Initial Claims data during the last recessionary period. During that time, the Initial Claims had a move up over the 400,000 level and stayed above the level for an extended period.
Economic Calendar
