continuing claims at 600000 vs 635k forecast
productivity at +0.8% vs forecast of -0.4%
costs at 3.3% vs forecast of 5.7
In short.
35k people have stopped claiming the dole.
The workforce is 1.2% more productive than expected
Labour costs are 2.4% cheaper than expected.
Looking at the Dow and the footsie and other markets...its actually quite muted the reaction.
Another thing I noticed volt, the S&P is now at 928.5 high of 930, but other indices are at levels where it was previously at 9.25 odd. Any correlation to that disparity suddenly?
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