HALISTER1: U.S. ECO PREVIEW: Jobless Claims, Advance Trade Due in 5 Minutes

U.S. ECO PREVIEW: Jobless Claims, Advance Trade Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
  • Initial Claims 235k; range 220k to 250k (44 estimates)
  • Cont. Claims 1890k; range 1780k to 1930k (7 estimates)
    • "Unemployment claims have been volatile in recent weeks due to hurricane- related distortions. Economic conditions appear to have largely returned to normal, bringing clarity to the true underlying tone of the labor market”: Bloomberg Intelligence
    • In the prior week claims fell to a 44-year low of 222,000
  • Adv Goods Trade Balance $-64b; range $-65.6b to $-62b (38 estimates)
    • "The U.S. trade balance has been a volatile wild card for U.S. economic growth with five positive contributions and seven negative contributions to GDP over the last 12 quarters”: Bloomberg Intelligence
  • Wholesale Inv. 0.4% m/m; range 0% to 0.8% (11 estimates)
To contact the reporters on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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