More Mixed US Data

More weak data continues to stream out way from the US economy as while the feds are now directing their fears towards price stability that does not entirely rule out that economic performance is up and about.

Rising after reaching the brinks of recession is to be further prolonged especially as rising commodity prices is deterring further disposable income.

Spending that accounts for 2/3 of the economy is a matter to support growth as the monetary and fiscal policies were aimed at helping Americans to continue spending in to support growth while helping them withhold their living standards after thousands of Americans lost their homes and their wealth in the wake of the mortgage market collapse.

Today's weakly jobless figures reflected ongoing softening in the labor market that should prevail for a longer period and as Bernanke said more weakness is to emerge in the sector. Claims dropped the least in two weeks by 5,000 from the weak before to 381,000, which are still approaching the upper red line zone of 400 thousand claims which is very reflecting to weak economic conditions. Meanwhile continuing claims declined to 3060 thousands the lowest since April yet still much above last year's average.