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February 28 2008 Release

February 28 2008 Release - Decrease in graph could be due...

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February 28, 2008 GDP: Fourth Quarter 2007 (Preliminary) Release Still at .6- Revisions counteracted each other Nothing to talk about here Everything is the status quo Initial Claims Release Forward moving average- 361,750 Still above 350,000 line If the graph goes up, in recession, usually comes back down again(initial claims) Continuing claims- collecting unemployment insurance after first week (renew every week) Initial claims- collecting for the first week Continuing claims graph is pretty much flat Again, during recessions expect it to go up because more people are unemployed(continuing claims) Continuing Claims and Initial Claims mirror each other in the graphs
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Unformatted text preview: Decrease in graph could be due to: o Person runs out of 26 weeks o Person goes back to work • People believe we are going into a recession (that we are at the turning point) • Establishment Survey and the Household Survey goes out the week containing the 12 th of the month. (actually covers last half of January and first half of February 4-week moving averages IC CC T January 19 315,500 2703,000 3,019,000 February 16 361,750 2,777,500 3,139,250 There was an increase in # of people collecting unemployment insurance: 120,250 January Change in jobs= 17,000 Change in unemployment insurance= +54,750 www.briefing.com/investor/Public/Calendars/EconomicsCalendar.htm...
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