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Reply #9: Jobless Claims Jump, Factory Survey Rosy [View All]

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54anickel Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-04 08:26 AM
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9. Jobless Claims Jump, Factory Survey Rosy
http://biz.yahoo.com/rb/040415/economy_1.html

snip>

NOISE?

Economists on Wall Street also said the data should be viewed with some skepticism.

snip>

In the claims report, the department said the number of people on the benefit rolls who had already received an initial week of aid dropped 22,000 last week to 2.98 million, the lowest level since July 2001.

The decline in so-called continued claims could signal improved job prospects, but may also reflect workers falling off the rolls as benefits expire.

FACTORY REVIVAL

snip>

The two-year-old Empire Manufacturing Survey's business conditions index rose to 36.05 in April from 25.33 in March, moving back toward February's record high of 42.05.

snip>

The prices paid index rose to a record high of 56.19 in April from 50.00 in March. The prices received component ticked up only slightly to 12.38 from 11.76, suggesting profit margins were being squeezed.

snip>

Expectations for six-month ahead pulled back slightly to 48.91 from 53.03 in March, though that remains high historically.

/snip>
Historically? Am I misunderstanding something here? A two year "new" type of survey, and they are talking historically about a figure looked at for 6 months?
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