Economic Statistics for 6 Nov 11
The MBA reports that mortgage applications fell -7.0% last week, with purchases falling -5.0% and refinancings -8.0%. The index is now at its lowest reading of the year.
The Challenger Job-Cut Report shows that layoffs are trending up, with 45,730 in October. Layoffs have averaged more than 45,000 per month for the last three months, vice the previous four months, when layoffs averaged under 38,000.
The Gallup U.S. Job Creation Index fell 2 points to 19 in October.
The Conference Board’s index of Leading Indicators rose 0.7% for the second straight month.