The Producers Price Index (PPI) and the jobs claim benefits have fallen tremendously low, with the PPI falling down to a thirds month record low and the job claim benefits have gone down on a record 2 years low. On the other hand the production sector of the US is going steady for the moment. The investors have been monitoring the economy to see any signs of recovery, but still in to the second half of the year, there has been no good news from the economic sector of the US.
The claims have been dropped by 29000, to a seasonal adjustment of 429000 last week. On the other side of the story, the New Yorks Federal Reserve Bank’s Empire State Business center has experience a really bad month till now, as it dropped by 15 points making it end end up at 5.08 in the month of July.
The US Stock index fell sharply as the US dollar in the world market was battered badly. The labor market showed 9.5% unemployement rate, something that is holding back the economy to recover from its long lasting recession.
