Life gets a little better today because college football starts tonight. The South Carolina Gamecocks, led by Jadeveon Clowney (#7 in your program, #1 in the hearts of SC fans and pro scouts everywhere), the pride of ROCK HILL, SOUTH CAROLINA, plays one of those border wars football games against North Carolina. Nice! Geaux Cocks!
Oh yeah, Jobless Claims were released today. So was GDP. You know, some of that economic stuff.
Economic Event | Period | Economic Survey | Actual Reported | Original Prior | Revised Prior |
Initial Jobless Claims | Aug 24 | 332K | 331K | 336K | 337K |
Continuing Claims | Aug 17 | 2988K | 2989K | 2999K | 3003K |
GDP Annualized QoQ | 2Q S | 2.2% | 2.5% | 1.7% | -- |
Personal Consumption | 2Q S | 1.7% | 1.8% | 1.8% | -- |
GDP Price Index | 2Q S | 0.7% | 0.8% | 0.7% | -- |
Core PCE QoQ | 2Q S | 0.8% | 0.8% | 0.8% | -- |
Bloomberg Consumer Comfort | Aug 25 | -- | -- | -28.8 | -- |
These are good numbers. Jobless Claims are now well below 350K at 331K, and Continuing Claims are now below 3000K at 2989K. These are good numbers. GDP is up to 2.5%. Personal Consumption is better than expected.
Not bad, sometimes you just got to look at the glass as being half full.
John Broussard
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury
225-342-0013
jbroussard@treasury.state.la.us
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