Click for full size
Unemployment by State, h/t Calculated Risk
Architectural Billings Index, h/t Calculated Risk
Permanent Layoffs, h/t macroblog, which led Calculated risk to note that that it's not a jobless recovery, it's a "job-loss" recovery
The Federal Reserve's Beige Book, a collection of "anecdotal" data (it's really more than "anecdotal", but you know economists) about the economy, was released today, and it shows that the economy is stabilizing, with that data showing either flat, or slight upticks, in economic activity.
Unemployment by State, h/t Calculated Risk
Architectural Billings Index, h/t Calculated Risk
Permanent Layoffs, h/t macroblog, which led Calculated risk to note that that it's not a jobless recovery, it's a "job-loss" recoveryWe also got the state by state unemployment report for September, and it is ugly. (see bottom pic)
In real estate, mortgage applications fell sharply on higher rates, and the Architectural Billings Index rose, but remained below 50, indicating further contraction in nonresidential construction
The news in the Far East was pretty good though, with the decline in Japanese exports slowing to a 10-month best, and China’s GDP growing by 8.9% year over year, though Chinese statistics are always somewhat suspect.
In energy, oil rose to a 1-year high, $81.37/bbl, and the dollar weakened to a 14 month low, hitting $1.5014:€1.0000, so the buck and a half barrier is broken again.
0 comments :
Post a Comment