U.S. ECO PREVIEW: Jobless Claims, Productivity Due in 5 Minutes
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
- Initial Claims 235k; range 228k to 255k (42 estimates)
- Cont. Claims 1894k; range 1850k to 1986k (7 estimates)
- In the prior report, jobless claims rose from a 44-year low to 233,000
- "Despite the slight increase, the level of initial claims points to a solid economic backdrop since businesses have opted to maintain work forces amid anticipated gains in demand”: Bloomberg Intelligence
- Productivity 2.6% q/q; range 1.3% to 3.5% (47 estimates)
- Unit Labor Costs 0.4% q/q; range -0.8% to 2.5% (41 estimates)
- "Non-farm productivity growth will likely surge in 3Q, however, such a result should be taken with caution. Non-farm output growth -- the numerator in the productivity calculation - - was artificially boosted in the aftermath of the hurricanes, temporarily inflating inventories and weighing on imports”: Bloomberg Intelligence
- In the second quarter, productivity rose 1.5 percent, the largest gain since the third quarter of last year
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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To modify this alert, click here
UUID: 7947283