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Thursday, September 2, 2010
This morning’s economic calendar includes a number of monthly and quarterly indicators, but the weekly Jobless Claims Report is the major item.
Jobless Claims decreased by 6,000 to 472,000 last week, indicating the labor market has not improved. Continuing Claims decreased by 23,000 to 4,456,000 in the prior week; they were forecast to drop to 4,450,000.
Nonfarm Productivity fell 1.8 percent during the second quarter of 2010, and Unit Labor Costs increased by 1.1 percent.
Factory Orders and Pending Home Sales are due out at 10:00 a.m., and Chain Store Sales are due over the course of the morning.
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