- The 326K print was the smallest since January 2008, though there is some question as to whether government models are accurately adjusting for the changed nature of summer auto plant shutdowns (some manufacturers completely forego them now).
- The 4-week moving average declines 4.5K to 341,250.
- Treasury prices have no issue with the seasonal adjustment and head south fast, TLT -1.2% premarket and the 10-year yield up 4 bps to 2.64%.
- Stock index futures remain higher by 0.7%.
Jobless claims fall to 5-1/2 year low
Aug 1 2013, 09:07 ET