Market Analysis

Bonds remain under pressure this morning and stocks are flat as Initial Jobless Claims for the week ended 8/28 came in at 472,000, slightly lower than the 475,000 analysts had projected and 6,000 lower than the prior week's revised 478,000 figure.  Continuing Jobless Claims for the week ended 8/21 came in at 4.456 million which was slightly higher than the 4.435 million the market expected but which was lower than the revised 4.479 million figure for the prior week.  2nd Qtr 2010 Revised Productivity showed a 1.8% decline in productivity vs expectations for a 1.75% decline in productivity and Q2 2010 Revised Unit Labor Costs showed a 1.1% increase which matched expectations.

Posted by Matthew Breston on September 2nd, 2010 9:02 AMPost a Comment (0)

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