Economic Statistics for 5 Jun 14
Chain stores reported slower year-on-year sales growth in May, but this year’s Easter shift made April look better, complicating the comparison.
The Challenger Job-Cut Report for May jumped to 52,961 reported layoffs, the highest since February, 2013.
Gallup’s Payroll to Population employment rate rose 1.1% to 44.5% in May.
Weekly initial jobless claims rose 8,000 to 312,000. The 4-week average fell 2,250 to 310,250. Continuing claims fell 20,000 to 2.603 million.
The Bloomberg Consumer Comfort Index rose for the first time in five weeks, up 1.8 points to 35.1 in the latest week.
The Fed’s balance sheet rose $8.3 billion last week, with total assets of $4.331 trillion. Total reserve bank credit rose by $0.3 billion.
The Fed reports that M2 money supply rose $36.1 billion in the latest week.