“The initial claims level fell to 312,000 for the week
ending June 14 from an upwardly revised 318,000 (from 317,000) for the week
ending June 7….Claims data over the past few weeks confirm a general
improvement in labor market conditions.” Commentary and charts at…
https://www.briefing.com/Investor/Calendars/Economic/Releases/claims.htm
LEADING ECONOMIC INDICATORS (Conference Board)
“The Conference Board Leading Economic Index® (LEI) for
the U.S. increased 0.5 percent in May to 101.7 (2004 = 100), following a 0.3
percent increase in April, and a 1.0 percent increase in March. “May’s increase
in the LEI, the fourth consecutive one, was broad based,” said Ataman
Ozyildirim, Economist at The Conference Board. “Housing permits held the index
back slightly but the LEI still points to an expanding economy and its pace may
even pick up in the second half of the year.” Press release at…
http://www.conference-board.org/data/bcicountry.cfm?cid=1
PHILLY FED BUSINESS OUTLOOK (The Inquirer)
“Conditions for manufacturers in the Philadelphia region
are better this month than in May, and have been improving for four consecutive
months, the Federal Reserve Bank of Philadelphia reported Thursday. The Philly
Fed's closely watched "Business Outlook Survey" said responding firms
"reported continued increases in overall activity, new orders, shipments,
and employment this month." Story at…
http://www.philly.com/philly/business/20140620_Manufacturing_on_the_mend__Philly_Fed_says.html
Busy day so I’ll post analysis later…
