The government shutdown has ended and the debt ceiling limit has been extended. The government is now funded through January 15, 2014 while the debt ceiling is extended through February 7, 2014. All furloughed government employees will be reporting for work on Thursday and all national parks and monuments have been re-opened.
In economic news, Weekly Initial Jobless Claims fell by 15,000 in the latest week to 358,000 and above the 330,000 that was expected. There are still computer glitches in processing claims in California, which continue to distort the numbers. The Labor Department said there were no perceptible increases in filings last week from the non-federal workers furloughed because of the shutdown.
In manufacturing news, the Philadelphia Fed Index fell to 19.8 in October, down from the 22.3 registered in September, but well above the 15.0 expected. The index covers manufacturing activities in eastern Pennsylvania, southern New Jersey and Delaware.
Comments (1)Subscribe to CommentsComment