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Economic Statistics for 2 May 13

Here are today’s statistics on the state of the economy:

The Bloomberg Consumer Comfort Index reached a five-year high this week, hitting -28.9.

The Challenger Job-Cut Report shows 38,121 layoffs in April, which is signifigantly less than the previous two months.

Falling imports shrank the US trade deficit to -38.8 billion in March. Imports fell -2.8%, while exports fell -0.9%.

Jobless claims fell 18,000 last week to 324,000. The 4-week average fell 16,000 to 342,250, a recovery low. The 4-week average for continuing claims also fell 18,000 to a new recovery low of 3.056 million.

Nonfarm business productivity rose an annualized 0.7% in the 1st Quarter, while unit labor costs rose 0.5%. Both numbers were worse than expected.

Dale Franks
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