Tag Archives: February 18 2010

February 18 2010, Jobless Claims rise, Inflation jumps, Economy Wobbles, New applications unemployment insurance surged last week, unemployment benefits increased 31,000, producer prices increased sharply in January

February 18 2010, Jobless Claims rise

From CNBC.com, february 18, 2010.

“Jobless Claims, Inflation Jump as Economy Wobbles”

“The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economic recovery.

Initial claims for state unemployment benefits increased 31,000 to 473,000, the Labor Department said on Thursday. That compared to market expectations for 430,000.
Another report from the department showed prices paid at the farm and factory gate rose a faster than expected 1.4 percent from December after a 0.4 percent gain in December, as higher gasoline prices and unusually cold temperatures helped boost energy costs.
“When you have PPI moving up and still no progress in the jobs situation, that doesn’t bode well for continued improvement in equity prices,” said Alan Lancz, president at Alan B. Lancz & Associates in Toledo, Ohio.”

“Another report from the department showed prices paid at the farm and factory gate rose a faster than expected 1.4 percent from December after a 0.4 percent gain in December, as higher gasoline prices and unusually cold temperatures helped boost energy costs.
“When you have PPI moving up and still no progress in the jobs situation, that doesn’t bode well for continued improvement in equity prices,” said Alan Lancz, president at Alan B. Lancz & Associates in Toledo, Ohio.”

Read more:

http://www.cnbc.com/id/35457298

February 18 2010, Citizen Wells open thread

The Citizen Wells blog is open to sincere discussions on a wide variety of topics. This open thread for today, February 18, 2010 is for “off topic” discussions. The “on topic” discussion thus far today is the Philip J Berg update so anything related to Obama eligibilty will be appropriate on that post. Sporadic personal comments are allowed as long as they do not attack commenters here.

To further elaborate, comments about Obama, Congress on a post like Berg’s would normally be appropriate. This is not a hard and fast rule and is intended to guide reasonable people.

Regarding 9/11 and various theories. I have an opinion, which I will refrain from expressing. I am not saying that this is not important. I have various priorities which I must adhere to. I would prefer that these comments be placed on an open thread.

Thanks and God bless.