Thursday, May 12, 2011

It's the Economy Stupid

Okay, Initial Jobless Claims were down, Continuing Jobless Claims were up, so the unemployment picture hasn’t brightened much.


The Producer Price Index increased at a rate of 6.8% annually, that’s up from 5.8% last month, so there’s some more inflationary pressure.


And for those of you who don’t eat, don’t drive a car, don’t use A/C during the summer, and aren’t going on a vacation this summer, The Producer Price Index Ex Food & Energy increase at a rate of 2.1% annually, that’s up from 1.8% last month.  So even for those lucky few there’s clearly and increase in price pressure.


John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

Ph:  225-342-0013

Fx:  225-342-9721


Street Address:

301 Main Street

Baton Rouge, LA 70802

Mailing Address:

P.O. Box 44154 Capitol Station

Baton Rouge, LA 70804-4154

Physical Location:

One American Place, 7th Floor

Corner of North Street & 4th Street

Exit 1D I-110 North Street / Capitol Park / Downtown


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