Economic Statistics for 2/3 Jan 14
The Gallup U.S. Job Creation Index fell a point to 19, the first reading below 20 in several months.
Initial jobless claims fell 2,000 to 339,000 last week. The 4-week moving average rose 8,500 to a 357,250. Continuing claims fell 98,000, but the 4 week averages for both weekly and continuing claims are above the month-ago levels, so the trend is negative.
The Markit PMI Manufacturing Index rose 0.3 points to 55.0 in December.
The ISM Manufacturing Index fell -0.3 points in December to a still nicely positive 57.0.
The Bloomberg Consumer Comfort Index fell -1.3 points to -28.7 .
Construction Spending is still going strong, up 1.0% in November, continuing a string of monthly gains.
Motor vehicle sales fell in December to an annualized 15.4 million rate. GM -6.3%, Ford 1.8%, Chrysler 6.0%, Toyota -1.4%.
The Fed’s balance sheet fell $-8.9 billion last week, with total assets of $4.024 trillion. Reserve Bank credit fell $-1.4 billion.
The Fed reports that M2 Money Supply increased by $23.5 billion last week.