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Thursday, April 14, 2011

It's Jobless Thursday

Ind initial claims unexpectedly rose by 27,000 to 412,000, though continuing and emergency claims fell.

We also saw a 0.7% increase in producer prices, though this appears to have been driven primarily by a spike in energy prices.

I'm inclined to believe that this sort of commodity inflation generally crimps consumers and business spending, so perhaps these two things are tied together.

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