Economic Statistics for 6 Sep 12
The following US economic statistics were announced today:
Initial jobless claims fell sharply last week, down 12,000 to 365,000. The 4-week average rose to 371,250, however. Continuing claims fell 6000to 3.322 million.
ADP private payroll employment rose well above expectations to 201,000 in August, following a revised 173,000 total for July. This bodes well for tomorrow’s Employment Situation report.
The composite index from the ISM non-manufacturing survey for August rose 1.1 points to 53.7.
The Bloomberg Consumer Comfort Index fell rose slightly to -46.5.
The Challenger Job-Cut Report shows a total of 32,239 layoffs for August, the second lowest of the recovery.