Initial Unemployment Claims

Initial claims for the week prior to September 2nd 2010 looked slightly better losing 4k less jobs than the forecasted number of 476k, coming in at 472k.  The prior week number was 478K showing a slight improvement in persons filing for unemployment.   Remember nothing in the market moves in a straight line, so we will have to watch the numbers going forward to see a real trend develop.

Small business owners remain uncertain about the economy and have been reluctant to hire or invest in new equipment.  The subject of debt looms over small business owners as they struggle to stay a float in the current economy.