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Macroeconomic Perspectives – Sep. 12, 2013

Weekly Jobless Claims: Initial claims today cover the third of four weeks in payroll September, enough to give a reasonable look at the jobless trend to be reflected in the September Employment report. Claims have run about 5,000 per week lower than the average in August for the first two weeks of September, which would certainly signal there is some strength in the labor market. Expectations today are for a 7,000 rise in claims to 330,000 which would basically take back last week’s decline.



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