Economic Data for Thursday, July 29th, 1999
Weekly Jobless Claims = -40k to 275k
dol.gov
In the week ending July 24, the advance figure for seasonally adjusted initial claims was 275,000, a decrease of 40,000 from the previous week's revised figure of 315,000. The 4-week moving average was 300,000, a decrease of 6,500 from the previous week's revised average of 306,500.
2Q GDP = +2.3%
bea.doc.gov
Real GDP: Based on source data available at this time, BEA estimates that real GDP increased 2.3 percent (annual rate) in the second quarter of 1999 after increasing 4.3 percent in the first.
GDP Note: Look at the tabular data at the site listed before thinking we're slowing substantially. <g>
2Q ECI = +1.1%
stats.bls.gov
On a seasonally adjusted basis, the 3-month increase in compensation costs for civilian workers (nonfarm private industry plus State and local government) was 1.1 percent during the March-June 1999 period, following a gain of 0.4 percent in March.
|
