Tomorrow’s report on industrial production (08:30am eastern) for January is projected to post a modest 0.2% gain, according to The Capital Spectator’s average econometric forecast. That’s a slightly slower rate of growth vs. December’s 0.3% increase. Economists generally anticipate a 0.2%-0.3% rise for December’s industrial production, based on consensus forecasts.
Daily Archives: February 14, 2013
Jobless Claims Fall Again, Near A 5-Year Low
New filings for jobless benefits declined a hefty 27,000 last week to a seasonally adjusted 341,000—just over the five-year low of 330,000 for the week through January 19, 2013. This is a volatile series and so it’s best not to read too much into today’s number. That said, the latest drop is another data point in line with the trend in recent history that reflects slow but persistent healing in the labor market.