Experts on Jobless Claims, Philly Fed, and Taxes

While a key labor-market gauge disappointed the market on Aug. 20, broader measures of the economy provided some measure of cheer. The Labor Dept's report on weekly initial jobless claims showed a larger-than-expected rise. But the Conference Board's index of leading economic indicators for July and the Philadelphia Fed's index of manufacturing conditions for August provided a more positive read on the big picture.

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