1. Seasonally-adjusted weekly initial claims for unemployment fell to 351,000 for the week ending March 10, which is the lowest level in four years, since 347,000 claims for the week ending March 8, 2008.
2. Year-over-year Producer Price inflation for finished goods was 3.3% for the year ending in February, which was the lowest annual inflation rate since August 2010, and less than half of the 7% average inflation rate for finished goods from May through September last year.
3. Manufacturing activity in New York state continued to expand at a healthy pace and manufacturers in the state remain highly optimistic about activity over the next six months, according to today’s Empire State Manufacturing Survey from the NY Fed.
More evidence of an economy making gradual, but ongoing improvements.
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