Thursday, July 14, 2011

It's The Economy Stupid: PPI, Retail Sales, Jobless Claims

Okay the Producer Price Index came in at 7.0% growth, slightly under economists estimates of 7.4%, but still a good growth number


Retail Sales came in at 0.1%, slightly above economist’s estimates of -0.1%, and an anemic number, but at least it’s positive.


Initial Jobless Claims came in at 405K, slightly below economist’s estimates of 415K, a nice change compared to recent unemployment numbers.


But the economy need better numbers than these to get our growth to where it needs to be to get us out of this economic malaise.


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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