Initial Claims decreased to 383,000, for the week ending 02/05, the lowest level since July 2008 and lower than the expected decrease to 408,000, after increasing to 419,000, the revised level for the previous week. The 4-week moving average decreased to 415,000, from the previous week’s revised average of 431,500. Seasonally adjusted insured unemployment from the prior week, ending on 01/29, was 3,888,000, a decrease of 47,000 from the preceding week’s revised level of 3, 935,000. Seasonally adjusted insured unemployment rate from the week ending on 01/29, was 3.1%, unchanged from the previous week’s unrevised figure of 3.1%.
Wholesale Inventories are expected today at 10:00 AM EST. Wholesale Inventories had decreased by 0.2% in November to the $425.5 billion level and were up by 8.4% from a year ago. Wholesale Sales had increased by 1.9% in November to $370.1 billion and were up 12.2% over the year. Sales of durable goods increased 1.7% and sales of nondurable goods were also up 2.1% over the month. The Inventory/Sales ratio was at 1.15, lower than the 1.19 ratio in November of 2009.
Today at 2:00 PM EST, the Department of Treasury will release the balance of the Treasury Budget for January, with an anticipated deficit of $57.1 billion, following the reported $79.996 billion deficit in December.
Upcoming Releases
Wholesale Inventories (02/10 at 10:00 AM EST)
Treasury Budget (02/10 at 2:00 PM EST)
Trade Balance (02/11 at 8:30 AM EST)
Retail Sales (02/15 at 8:30 AM EST)
Wholesale Inventories (02/10 at 10:00 AM EST)
Treasury Budget (02/10 at 2:00 PM EST)
Trade Balance (02/11 at 8:30 AM EST)
Retail Sales (02/15 at 8:30 AM EST)
