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[brid video=”71382″ player=”2077″ title=”Homeless Trump Supporter Guards His Hollywood Star from Leftists”]

A homeless supporter of Donald Trump guarded his star on the Hollywood Walk of Fame after it was damaged and destroyed by repeated strikes with a sledgehammer.

Police are investigating, but witnesses described the perpetrators as a group of violent leftists, though PPD has not yet confirmed the story.

The 64-year old homeless person was holding a sign that read: “20 Million Illegals and Americans Sleep on the Streets in Tents. Vote Trump.”

(Video H/T: YouTube james hoft)

A homeless supporter of Donald Trump guarded

Gross-Domestic-Product-GDP-Reuters

File photo: Shipping cranes and containers at a U.S. port representing exports and imports factored in overall gross domestic product, or GDP. (Photo: REUTERS)

The Commerce Department said Friday it’s first reading on third-quarter (3Q) gross domestic product (GDP) showed the U.S. economy grew at an annual rate of 2.9%. The results beat out the median economist forecast and People’s Pundit Daily’s (PPD) initial estimate, despite the slowdown in spending, widening trade deficits and disappointing data on manufactured durable goods.

Economists expected growth at a 2.5% clip, while PPD expected 2.1%. The final reading on second-quarter growth was 1.4%.

While it is only the first initial reading, which is more often than not revised, the reading was the strongest growth rate since the third quarter of 2014. Inventory investment offset a slowdown in consumer spending, according to the Commerce Department.

While investment in residential construction fell for a second straight quarter, spending by the government increased.

Consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased at by just 2.1%. That’s down from consumer spending in the third quarter, and even more so from the second quarter when it saw a healthy 4.3 percent gain.

While business spending on equipment fell for a fourth consecutive quarter, dipping by an annual rate of 2.7%, Caterpillar this week reported a 49% drop in third-quarter profit from the prior year. The heavy machinery company lowered its full-year revenue outlook for the second time this year and said demand for new machinery was stifled by an “abundance” of used construction equipment, a “substantial” number of idle locomotives and a “significant” number of idle mining trucks.

The Commerce Department said it's first reading

Donald-Trump-Chuck-Todd-MTP

“Meet the Press” host Chuck Todd, left, repeatedly grilled Donald Trump, right, on Sunday regarding his comments that American Muslims in New Jersey were cheering after September 11, 2001. Trump defended his claim on “The O’Reilly Factor” with Bill O’Reilly on Fox News, right. (Photos: Screenshot/NBC/FOX)

We keep reading that if Donald Trump’s personal issues weren’t sucking up all the media oxygen, his campaign might get more traction against Hillary Clinton from the WikiLeaks disclosures, but is that really true?

Let’s concede that the ongoing allegations against Trump are a distraction and damaging to his campaign. Those matters are being litigated, figuratively and literally, so it is hard to argue that news of these allegations is being suppressed.

But could we please put a pin in this for a minute and look at the Clinton scandals? Despite claims to the contrary, one is not automatically defending or covering for Trump by raising issues of Clinton corruption. Somehow Bill and Hillary Clinton always get a pass on their own misconduct by turning the allegations on their accusers and attributing them to smears by their political opponents, benefiting from an unconscionably protective liberal media phalanx.

So talk about allegations against Trump all you want, but don’t use them as a license for Clinton’s misconduct, and don’t always try to besmirch the character of people seeking accountability from the Clintons by saying they are indifferent to women’s claims against Trump.

I’m not indifferent to those claims, but I’m also not going to be deterred from calling out liberal media bias for fear that some on my side will say I’m just flacking for Trump. Nonsense. The issue of Hillary Clinton’s corruption is vitally important, as is the role of the liberal media in suppressing it.

The Hill reported that in viewing recordings “of each major network’s evening newscasts, which are watched by an average total of 22 million to 24 million people nightly, the newest batch of WikiLeaks revelations was covered for a combined 57 seconds out of 66 minutes of total air time on ABC, NBC and CBS. … On the other hand, allegations from four women of unwanted sexual advances by Trump were covered a combined 23 minutes.”

This is what Newt Gingrich and others mean when they complain that liberal media are covering allegations against Trump 24 times as much as those against Clinton. And we wonder why the Clintons are able to skate through their lives with impunity.

Are we to assume from this that allegations against Hillary Clinton are about 4 percent as important as those against Trump on the matter of fitness for office? You can’t be serious. So what, then? Why would the liberal networks so shamelessly smother genuinely disturbing allegations against Clinton by highlighting allegations against Trump? Clinton gets a twofer here, a pass on the WikiLeaks bombshells and hyper-focus on claims against her opponent.

Can you imagine how the media would react if the facts were flipped — if the sexual allegations were against Clinton and the Clinton Foundation, email erasure, Benghazi and other scandals were connected to Trump? We would see liberal media in full war mode, and there would be no end to their caterwauling about Trump’s corruption and the national security threat that he would pose as president. Note: This hypothetical is not quite fair to Trump because there actually are sexual misconduct allegations against Bill Clinton and ample evidence that Hillary was not just his enabler but an accessory after the fact, in terrorizing Bill’s victims. The media have never cared about that. I repeat: My bringing these up doesn’t mean I’m excusing behavior Trump may or may not have engaged in. But that’s not the point here.

The liberal media aren’t stupid. They know their coverage is biased, distorted and outrageously unbalanced. But that doesn’t faze them, because they are liberals and the highest ethic is pursuing their shared agenda, no matter how corrupt their means. There is no other rational explanation.

This is one of the things that scare me tremendously about a third Obama term through Hillary Clinton. Liberal media are thoroughly in the tank for these people and are helping them fleece the American people. Look at their brazen apathy concerning the Obamacare premiums debacle, which they are lying about because they want to protect Obama and his agenda, they agree with his and Clinton’s goal of single-payer and want to help in advancing this nefarious goal, and, above all, they won’t do anything that might decrease Clinton’s chances of winning the election.

If the liberal media don’t care about their darling presidential candidate’s accepting from foreign governments donations to the Clinton Foundation — along with personal gifts on the side, as we’re now discovering, for influence (or even possible influence) — if they don’t care about Obama and Clinton’s self-serving lie that the terrorist attacks in Benghazi were inspired by a video, if they don’t care about her commingling government emails with her own emails and recklessly exposing classified information, if they don’t care about her intentionally deleting 33,000 emails under subpoena, if they don’t care about her and Obama’s egregious lies on Obamacare, if they don’t care about the targeting of political conservatives by the IRS, if they don’t care about Clinton’s assuring donors in private that she favors open borders and would protect Wall Street as president while telling the public the opposite, and on and on, can you imagine what kind of free rein Clinton would have if elected?

It’s one thing for conservatives to drone on about liberal media bias, which we’ve done for decades, but have we reached the point that it is becoming a threat to the republic as we have known it?

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It's one thing to drone on about

Hillary Clinton attends the Black and Brown Forum in Des Moines, Iowa. (Photo: AP)

Hillary Clinton attends the Black and Brown Forum in Des Moines, Iowa. (Photo: AP)

Should Donald Trump surge from behind to win, he would likely bring in with him both houses of Congress.

Much of his agenda — tax cuts, deregulation, border security, deportation of criminals here illegally, repeal of Obamacare, appointing justices like Scalia, unleashing the energy industry — could be readily enacted.

On new trade treaties with China and Mexico, Trump might need economic nationalists in Bernie Sanders’ party to stand with him, as free-trade Republicans stood by their K-Street contributors.

Still, compatible agendas and GOP self-interest could transcend personal animosities and make for a successful four years.

But consider what a Hillary Clinton presidency would be like.

She would enter office as the least-admired president in history, without a vision or a mandate. She would take office with two-thirds of the nation believing she is untruthful and untrustworthy.

Reports of poor health and lack of stamina may be exaggerated. Yet she moves like a woman her age. Unlike Ronald Reagan, her husband, Bill, and President Obama, she is not a natural political athlete and lacks the personal and rhetorical skills to move people to action.

She makes few mistakes as a debater, but she is often shrill — when she is not boring. Trump is right: Hillary Clinton is tough as a $2 steak. But save for those close to her, she appears not to be a terribly likable person.

Still, such attributes, or the lack of them, do not assure a failed presidency. James Polk, no charmer, was a one-term president, but a great one, victorious in the Mexican War, annexing California and the Southwest, negotiating a fair division of the Oregon territory with the British.

Yet the hostility Clinton would face the day she takes office would almost seem to ensure four years of pure hell.

The reason: her credibility, or rather her transparent lack of it.

Consider. Because the tapes revealed he did not tell the full truth about when he learned about Watergate, Richard Nixon was forced to resign.

In the Iran-Contra affair, Reagan faced potential impeachment charges, until ex-security adviser John Poindexter testified that Reagan told the truth when he said he had not known of the secret transfer of funds to the Nicaraguan Contras.

Bill Clinton was impeached — for lying.

White House scandals, as Nixon said in Watergate, are almost always rooted in mendacity — not the misdeed, but the cover-up, the lies, the perjury, the obstruction of justice that follow.

And here Hillary Clinton seems to have an almost insoluble problem.

She has testified for hours to FBI agents investigating why and how her server was set up and whether secret information passed through it.

Forty times during her FBI interrogation, Clinton said she could not or did not recall. This writer has friends who went to prison for telling a grand jury, “I can’t recall.”

After studying her testimony and the contents of her emails, FBI Director James Comey virtually accused Clinton of lying.

Moreover, thousands of emails were erased from her server, even after she had reportedly been sent a subpoena from Congress to retain them.

During her first two years as secretary of state, half of her outside visitors were contributors to the Clinton Foundation.

Yet there was not a single quid pro quo, Clinton tells us.

Yesterday’s newspapers exploded with reports of how Bill Clinton aide Doug Band raised money for the Clinton Foundation, and then hit up the same corporate contributors to pay huge fees for Bill’s speeches.

What were the corporations buying if not influence? What were the foreign contributors buying, if not influence with an ex-president, and a secretary of state and possible future president?

Did none of the big donors receive any official favors?

“There’s a lot of smoke and there’s no fire,” says Hillary Clinton.

Perhaps, but there seems to be more smoke every day.

If once or twice in her hours of testimony to the FBI, grand jury or before Congress, Clinton were proven to have lied, her Justice Department would be obligated to name a special prosecutor, as was Nixon’s.

And, with the election over, the investigative reporters of the adversary press, Pulitzers beckoning, would be cut loose to go after her.

The Republican House is already gearing up for investigations that could last deep into Clinton’s first term.

There is a vast trove of public and sworn testimony from Hillary, about the server, the emails, the erasures, the Clinton Foundation. Now, thanks to WikiLeaks, there are tens of thousands of emails to sift through, and perhaps tens of thousands more to come.

What are the odds that not one contains information that contradicts her sworn testimony? Cong. Jim Jordan contends that Clinton may already have perjured herself.

And as the full-court press would begin with her inauguration, Clinton would have to deal with the Syrians, Russians, Taliban, North Koreans and Xi Jinping in the South China Sea — and with Bill Clinton wandering around the White House with nothing to do.

This election is not over. But if Hillary Clinton wins, a truly hellish presidency could await her, and us.

Consider what a Clinton presidency would be

Members of the clergy lay hands and pray over Republican presidential nominee Donald Trump at the New Spirit Revival Center in Cleveland Heights, Ohio, U.S., September 21, 2016. (Jonathan Ernst/Reuters)

Members of the clergy lay hands and pray over Republican presidential nominee Donald Trump at the New Spirit Revival Center in Cleveland Heights, Ohio, U.S., September 21, 2016. (Jonathan Ernst/Reuters)

Luke 7:18-23 (NLT)
18 The disciples of John the Baptist told John about everything Jesus was doing. So John called for two of his disciples,19 and he sent them to the Lord to ask him, “Are you the Messiah we’ve been expecting, or should we keep looking for someone else?”
20 John’s two disciples found Jesus and said to him, “John the Baptist sent us to ask, ‘Are you the Messiah we’ve been expecting, or should we keep looking for someone else?

21 At that very time, Jesus cured many people of their diseases, illnesses, and evil spirits, and he restored sight to many who were blind. 22 Then he told John’s disciples, “Go back to John and tell him what you have seen and heard—the blind see, the lame walk, the lepers are cured, the deaf hear, the dead are raised to life, and the Good News is being preached to the poor.23 And tell him, ‘God blesses those who do not turn away because of me.’ ”

Mark 15:39 (NLT)
39  When the Roman officer who stood facing him saw how he had died, he exclaimed, “This man truly was the Son of God!”

We truly live in perilous times. In Jesus’ day, it was even worse and more blatant than it is today, although we can see that sin is accelerating at a very fast pace.

Unfortunately, it (sin) has permeated our political system to the point it drives the direction of our country. I am reminded of the scripture in John 10:10 (KJV) “The thief cometh not, but for to steal, and to kill, and to destroy: I am come that they might have life, and that they might have it more abundantly.” Sin is a thief! Sin is selfish and cares nothing more than its self-seeking desire to satisfy the flesh. Sin also blinds its victim’s to the truth.

But God most certainly wants a different outcome for mankind, the apple of his eye. So much so, that he sent His very own Son to die for us. So, we have choices to make in life. This morning, during my morning thoughts with The Lord, I felt these words coming forth, “You can be part of the problem or you can be part of the solution.”

The challenge with choosing the right path in any course life takes us, are the voices that speak at you. You have relatives, friends, teachers, acquaintances, newspapers, TV, Internet, Facebook, Twitter, Instagram and the list goes on. The Roman officer in Mark 15:39 had all of the powerful Roman culture working against him. To their polytheistic mindset (belief in many gods), Jesus’ claim of being The Son of the true and living God boggled their thinking. They were deceived by familiarity. But something happened as Jesus took His last breath to change his mind. Was it the spirit leaving his body? Keep in mind that this man had witnessed many such deaths, yet the death of Jesus on the cross shook his thinking and he believed that He was indeed the Messiah! How sad that he could not recognize the correct path before-hand, so that he could have experienced His life giving message.

Missed opportunity always breeds regret.

In the case of John The Baptist (Jesus’ cousin), we see doubt arise even though he baptized Jesus himself, and heard God The Father first hand say, “This is my Son, in whom I am well pleased!” He sent some followers to ask Jesus, “Are you the Messiah we’ve been expecting, or should we keep looking for someone else?” Wow, what a difference in belief in 3 short years. How quickly we forget important things that can make the difference in being part of the solution. But the influence around us has an uncanny ability to move us off course.

A political twist to all this is evident. As I see the bombardment of accusations flying back and forth from both sides, the tactics by the Democratic Party stand out as being very similiar–obvious lies. But the release of videos revealing party operatives stealing votes sheds light on long-time accusations and our worst fears for our Republic have been realized.

In Pentecostal circles we have a saying, “your sin will find you out.”

This is serious. Now, more than ever before, we all need to be part of the solution. As a citizen of the greatest Republic on planet Earth, I am outraged that votes are being compromised by dead people, illegal aliens and election manipulators.

From a political standpoint, the Roman officer wasn’t allowed to receive the truth of Christ, his government forbid it. For John The Baptist, the religious sects drove doubt into his heart about the truth, theology confused him.

Now is not the time to doubt or be confused about the right choice. We need someone unbound by political special interest, someone who has the best interests of America in his heart.

So don’t let the rhetoric of accusations throw you off course. Choose the path of the Roman officer, but make the revelation before November 8th and let’s make America great again!

God Bless!

[mybooktable book=”letters-of-grace-a-true-life-devotional” display=”summary” buybutton_shadowbox=”true”]

We truly live in perilous times and

National-and-State-Mortgage-Risk-Indices

National and State Mortgage Risk Indices are tracked and released by AEI’s International Center on Housing Risk. (Photo: Reuters)

The National Mortgage Risk Index (NMRI) hit a series high, as purchase loan volume gained 3% and 19% from June 2015 and 2014, respectively. Still, the American Enterprise Institute’s (AEI’s) International Center on Housing Risk survey said loan demand slowed in July and the NMRI for Agency purchase loans stood at 12.07% in July, down 0.03% from a year earlier and up 0.79% from July 2014.

For the first time since January 2014, the year-over-year credit easing trend has slowed to a stop and in July loan demand slowed.

“This month’s release has good news–for the first time since January 2014, the year-over-year credit easing trend has slowed to a stop, and bad news—risk levels for those borrowers taking out FHA insured home purchase loans have risen to a record series high,” Edward Pinto, the co-director of the AEI’s International Center on Housing Risk said.

Mr. Pinto, the former executive vice president and chief credit officer for Fannie Mae, said “FHA’s borrowers now face a one-in-four chance of default in a serious economic downturn.”

The NMRI measures how government-guaranteed loans with a first payment date in a given month would be impacted during the period of same economic stress as in the 2007 financial crisis. The survey, which is published monthly and includes a nearly complete census of loan-level data for loans guaranteed by Fannie Mae, Freddie Mac, FHA, VA, and Rural Housing, is analogous to stress tests routinely performed by the Federal Reserve on big banks.

An NMRI value of 10% indicates a given set of loans would default in a severe economically stressful conditions. It is based on the actual performance of loans with the same risk characteristics during and after the financial crisis. These same Agency data are also used to track loan volume.

“After 44 consecutive months of credit loosening, it is a relief that the July NMRI has finally reversed its trend due to greater activity from the relatively safer government-sponsored enterprises,” said Tobias Peter, a research analyst of AEI’s International Center on Housing Risk. “The coming months will show if this signals a return towards more prudent lending or is just a temporary blip.”

The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index (PHSI) increased 1.5% to 110.0, up from a slight downward revision of 108.4. But the NMRI helps to put these otherwise positive pieces of economic data in perspective. With the NMRI, analysts can ascertain whether looser and riskier lending practices are coinciding with favorable economic data released by housing lobby organizations like the NAR.

The National Mortgage Risk Index (NMRI) hit

pending-home-sales-sale-sign

Home for sale sign (Realtors) and potential exiting and pending home sales contract. (PHOTO: REUTERS)

The National Association of Realtors (NAR) said Thursday its Pending Home Sales Index (PHSI) increased 1.5% to 110.0, up from a slight downward revision of 108.4.

“Buyer demand is holding up impressively well this fall with Realtors® reporting much stronger foot traffic compared to a year ago 1,” Lawrence Yun, NAR chief economist said. “Although depressed inventory levels are keeping home prices elevated in most of the country, steady job gains and growing evidence that wages are finally starting to tick up are encouraging more households to consider buying a home.”

The PHSI in the Northeast declined 1.6% to 96.5 in September, but is 7.7% higher on the year. In the Midwest, it fell slightly by 0.2% to 104.6 and is now just 1.0% lower than September 2015.

Pending home sales in the South increased 1.9% to an index of 122.1 and are 1.7% higher than last year. The index in the West gained 4.7% to 107.3 and is 4.0% higher on a year-over-year basis.

[brid video=”71176″ player=”2077″ title=”Contract Signings Post Small Gain in September”]

The National Association of Realtors (NAR) said

durable-goods-reuters

American workers at a manufacturing plant for long-lasting durable goods. (PHOTO: REUTERS)

The Commerce Department reported Thursday orders for manufactured durable goods fell 0.1% in September, missing the median forecast for a rise of 0.1%. Excluding the transportation component, durable goods orders rose by 0.2%, meeting estimates.

The drop was largely fueled by weak demand for computers and electronic products, which will soften expectations for an acceleration in business spending in the fourth quarter. That will no doubt lead to lower gross domestic product (GDP) estimates.

Non-defense capital goods orders excluding aircraft, which is a closely watched proxy for business spending plans, fell 1.2% after three straight months of increases. The so-called core capital goods orders increased by an upwardly revised 1.2% in August.

The median forecast, which was derived from economists polled by Reuters, forecast core capital goods orders rising 0.3% after a previously reported 0.9% increase in August. While shipments of core capital goods rose 0.3% last month after remaining flat in August, business spending on equipment will likely remain weak in the third quarter.

How does that impact GDP? Core capital goods shipments are used to calculate equipment spending in the government’s gross domestic product measurement.

The Commerce Department reported Thursday durable goods

Republican presidential candidate Donald Trump pumps his fist during a campaign rally, Sunday, Oct. 23, 2016, in Naples, Fla. (AP Photo/ Evan Vucci)

Republican presidential candidate Donald Trump pumps his fist during a campaign rally, Sunday, Oct. 23, 2016, in Naples, Fla. (AP Photo/ Evan Vucci)

After trailing by roughly 2.5 points last week, Donald Trump has taken a small lead over Hillary Clinton in the key battleground state of Florida. The People’s Pundit Daily (PPD) Sunshine State Battelground Poll finds Mr. Trump leading Mrs. Clinton in a four-way matchup by 2 points, 46% to 44%, with Libertarian Gary Johnson taken 4% and Green Party candidate Dr. Jill Stein 2%.

The changeup on the leader board is due in large part to independents breaking for the New York businessman by 8 points, 47% to 39%. Worth noting, Gov. Mitt Romney lost independents by 3 points to President Barack Obama in 2012. While Mrs. Clinton’s alliance with the president helps her with partisans, particularly minority voters, it doesn’t necessarily help her with swing voters.

“Donald Trump is the only real choice,” said Claudia Lee, an independent voter from Sarasota, who thought he won the final debate. “Under Obama, our country has declined.”

The Republican also enjoys a substantial voter enthusiasm gap and, while both Mr. Trump and Mrs. Clinton are losing certain percentages of their party base to each other and third-party candidates, their base support is roughly on par with 2012. Mrs. Clinton takes roughly 7% of the Republican vote and Mr. Trump takes 8% of the Democratic vote. PPD has found each candidate losing much larger shares of their base in other battleground states, including Pennsylvania for Mr. Trump and North Carolina for Mrs. Clinton.

“I’m supporting Donald Trump because like millions of Americans, I’m sick of bought and paid for politicians,” said Ellen Rentz, a Republican from Lecanto. “I believe he is the most qualified candidate to keep us safe, rebuild our military and put us on the road to a real economic recovery.”

In 2012, President Obama and Gov. Romney essentially split the Hispanic vote in Miami. Now, the region’s Cuban population is swinging it to Mr. Trump by 3 points, 47% to 44%. Younger Cuban voters, who are less likely to vote prefer Mrs. Clinton, while older Cuban voters, who are more likely to vote back Mr. Trump.

Statwide, Mrs. Clinton leads among Hispanic voters 52% to 38%, which is notable given Mr. Trump’s tough stance on immigration. Latinos made up 16% of the electorate in the PPD Sunshine State Battleground Poll.

White voters break big for Mr. Trump 56% to 36%, while black voters go 84% to 11% for Mrs. Clinton.

The PPD Sunshine State Battleground Poll was conducted from October 20-24 and is based on 747 interviews conducted via Internet panel with Florida residents participating in the PPD Internet Polling Panel. Respondents said they definitely will vote in the 2016 general election for president or already have voted early (final day), by mail or absentee ballot.

After trailing in most battlegrounds last week, Mr. Trump has gained on Mrs. Clinton in each key state tracked by People’s Pundit Daily. During the week leading up to the final debate, Mr. Trump led only in Iowa (+3) and Ohio (+1) and trailed nationwide in the previous tracking surveys, though the margin was tighter than other polls have shown.

Democratic presidential candidate Hillary Clinton points to the crowd while speaking at a rally at Cuyahoga Community College in Cleveland, Friday, Oct. 21, 2016. (AP Photo/Andrew Harnik)

Democratic presidential candidate Hillary Clinton points to the crowd while speaking at a rally at Cuyahoga Community College in Cleveland, Friday, Oct. 21, 2016. (AP Photo/Andrew Harnik)

The U.S. Presidential Election Daily Tracking Poll continues to show a tighter race than most other public polls, with Mrs. Clinton holding a statistically insignificant 1-point lead.

Last week, Mr. Trump’s lead in Iowa (+4) and Ohio (+2) ticked up a bit but he still trailed Mrs. Clinton is the remaining battleground states. But it now appears the election will come down to whether or not the D.C. outsider and businessman from New York can stay on message, hold on to the wide voter enthusiasm gap he enjoys and continue the momentum in the final days of the election.

Voters responded very favorably to the final debate, the anti-corruption and economic fairness message and, though Mrs. Clinton leads in states like Pennsylvania, the latter day interviews showed movement toward Mr. Trump, indicating to us he has momentum.

“While the media was obsessing over whether or not Donald Trump would concede on Election Day, he was winning over independent voters and shoring back up his base,” PPD’s editor-in-data chief Rich Baris said. “We’ve seen moments in the campaign like this before only watch the Republican get off message. He’s closing the gap, the race is far from over, but he simply doesn’t have the time to or the luxury of making another mistake.”

Loading the 2016 PPD Presidential Battleground Polling Map

After trailing in most battleground state polls

jobs-report-getty

SAN FRANCISCO, CA – MAY 30: A job seeker holds a pamphlet during a job and career fair at City College of San Francisco southeast campus on May 30, 2013 in San Francisco, California. Hundreds of job seekers attended a career fair hosted by the San Francisco Southeast Community Facility Commission. (Photo by Justin Sullivan/Getty Images)

The Labor Department said first-time unemployment claims fell by 3,000 to 258,000 week ending October 22, higher than the median forecast of 255,000. The prior week was also revised higher by 1,000 from 260,000 to 261,000.

The 4-week moving average–widely considered a less volatile gauge–was 253,000, an increase of 1,000 from the previous week’s revised average. The previous week’s average was revised up by 250 from 251,750 to 252,000.

While this marks 86 consecutive weeks of initial claims below 300,000, the longest streak since 1970, PPD has repeatedly reported that the eligible pool of first-time applicants is also historically low due to longterm unemployment and a shrinking labor force participation rate.

A Labor Department analyst said were no special factors impacting this week’s initial claims and no state was triggered “on” the Extended Benefits program during the week ending October 8.

The highest insured unemployment rates in the week ending October 8 were in Alaska (2.8), Puerto Rico (2.6), the Virgin Islands (2.3), New Jersey (2.1), Connecticut (2.0), California (1.9), Pennsylvania (1.8), Nevada (1.7), West Virginia (1.7), Illinois (1.6), and Massachusetts (1.6).

The largest increases in initial claims for the week ending October 15 were in Kentucky (+5,644), Michigan (+2,874), California (+2,588), North Carolina (+2,370), and New York (+2,178), while the largest decreases were in Pennsylvania (-4,188), Texas (- 2,268), Missouri (-1,913), Illinois (-1,757), and Washington (-1,066).

The Labor Department said first-time unemployment claims

People's Pundit Daily
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