Initial Claims increased by 15,000 to 576,000 filings for the week ending 08/15, were expected to come in at a much lower pace of 558,000, from 561,000 the previous week, revised from 558,000. The 4-week moving average was 570,000, an increase of 4,500 from the proceeding week’s moving average. Seasonally adjusted insured unemployment from the past week (08/08) was 6,241,000, an increase of 2,000 from the preceding week’s revised level, maintaining the seasonally adjusted insured unemployment rate at 4.7%.
The Conference Boards’ Leading Indicators Index increased by 0.6% in July, as expected, to 101.6 (2004=100), which is the fourth consecutive increase in the index, following a 0.8% increase in June (revised upwards from a 0.7% advancement), up 1.3% in May, and up 1.1% in April. The Coincident Indicators was unchanged in July and stands at 99.7 (2004=100), following a decrease of 0.4% in June and down 0.3% in May. The Lagging Indicators decreased by 0.3% in July to 110.8 (2004=100) after falling by -0.7% in June and down -0.6% in May.
Upcoming Releases
Existing Home Sales (08/21 at 10:00 AM EST)
Case/Shiller Home Prices (08/25 at 9:00 AM EST)
Durable Orders (08/26 at 8:30 AM EST)
GDP Preliminary (08/27 at 8:30 AM EST)
