HALISTER1: U.S. ECO PREVIEW: Jobless Claims, Philly Fed Due in 5 Minutes

U.S. ECO PREVIEW: Jobless Claims, Philly Fed Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
  • Initial Claims 240k; range 235k to 247k (42 estimates)
  • Cont. Claims 1955k; range 1940k to 1965k (7 estimates)
    • "Jobless claims have settled down in recent weeks as much of the volatility from annual retooling in the auto industry has passed"; today’s data coincide with the survey week for the government’s monthly employment report: Bloomberg Intelligence
    • The prior report showed jobless claims fell by 5,000 in the week ended July 29 to 240,000
  • Philly Fed 18; range 10 to 25 (45 estimates)
    • "Conditions on the factory floor have deteriorated in recent months, but continue to imply a positive pace of production”: Bloomberg Intelligence
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

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Source: BFW (Bloomberg First Word)

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