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US Consumer Sentiment Falls in October

US Consumer Sentiment Falls in October

The Thomson Reuters/University of Michigan’s preliminary reading on the overall index of consumer sentiment fell to 75.2 in October from 77.5 in September. From 2008 until 2013, the United States Consumer Sentiment averaged 69.4 reaching an all time high of 82.7 in November of 2012 and a record low of 55.3 in November of 2008. The Index of Consumer Expectations focuses on three areas: how consumers view prospects for their own financial situation, how they view prospects for the general economy over the near term, and their view of prospects for the economy over the long term. Each...

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US Jobless Claims Down to 358K In Latest Week

US Jobless Claims Down to 358K In Latest Week

In the week ending October 12, the advance figure for seasonally adjusted initial claims was 358,000, a decrease of 15,000 from the previous week’s revised figure of 373,000. The 4-week moving average was 336,500, an increase of 11,750 from the previous week’s revised average of 324,750. The advance seasonally adjusted insured unemployment rate was 2.2 percent for the week ending October 5, unchanged from the prior week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 5 was 2,859,000, a decrease of 43,000 from...

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