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Author Message   Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3831 Registered: 05-2011 Rating: N/A Votes: 0 Posted on Thursday, December 16, 2021 - 2:10 pm:    Reviewing today's economic data: Housing starts in November increased 11.8% month-over-month to a seasonally adjusted annual rate of 1.679 million units The key takeaway from this report was the strength seen in single-unit activity for both starts (+11.3%) and permits (+2.7%), as new supply is greatly needed in a tight and increasingly cost-prohibitive housing market. Initial jobless claims for the week ending December 11 were a bit higher than expected, increasing by 18,000 to 206,000 The key takeaway from the report is the understanding that the four-week moving average for initial claims (203,750) is the lowest since November 15, 1969. The preliminary IHS Markit Services PMI decreased to 57.5 from the final reading of 58.0 in November. The preliminary IHS Markit Manufacturing PMI decreased to 57.8 from the final reading of 58.3 in November.