HALISTER1: U.S. ECO PREVIEW: Jobless Claims, Philadelphia Fed Due in 5 Min.

U.S. ECO PREVIEW: Jobless Claims, Philadelphia Fed Due in 5 Min.

(Bloomberg) -- Initial jobless claims seen at 275k in wk ended May 14 vs 294k prior wk (forecast range 260k to 285k).
  • Prior wk was highest since Feb. 2015; surge in filings in New York state led increase, possibly stemming from strike at Verizon Communications, spring break at schools, or combination of two
  • Philadelphia Fed Business Outlook seen at 3 in May vs -1.6 in April (forecast range -3 to 8); gauge of sentiment in Philadelphia Fed district (Eastern Pennsylvania, Southern New Jersey, Delaware) has been negative in 7 of past 8 months
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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