Free Markets, Free People

Economic Statistics for 05 Sep 13

Chain stores—at least the few who still report monthly sales—reported declining year-on-year sales rates for August.

The Challenger Job-Cut Report shows a surge in announced layoffs to 50,462 in August.

The ADP Employment Report indicates a weak 176,000 new private sector jobs were created in August, a sizable slowing from July.

Initial claims for unemployment fell 9,000 last week, to 323,000. The 4-week moving average fell 3,000 to 328,500. Continuing claims fell 43,000 to 2.951 million.

The Bloomberg Consumer Comfort Index fell 0.6 points to -32.3, the lowest level in 5 months.

The ISM’s non-manufacturing index rose 2.6 points to 58.6.

Factory orders fell -2.4% in August, mainly on aircraft order declines. Ex-transportation orders rose 1.2%.

The Fed reports that M2 Money Supply increased by $35.9 billion last week.

The Fed’s balance sheet rose $9.7 billion last week, with total assets of $3.654 trillion. Reserve Bank credit increased $5.5 billion.

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