Economic Statistics for 31 Jul 14
The employment cost index rose 0.7% in the 2nd Quarter of 2014, versus a record low 0.3% rise in Q1.
Challenger reports that the 18,000 layoff announcement from Microsoft inflated the July layoff count to 46,887 vs. 31,434 in June.
The Chicago Purchasing Managers Index plunged 10.0 points to 52.6 in July. This is a volatile index, however.
Gallup’s July Payroll to Population employment rate was stable at 45.1%, rising just 0.1% for the month.
The Bloomberg Consumer Comfort Index fell -1.3 points to 36.3 in the latest week, the lowest level in two months.
Weekly initial jobless claims rose 23,000 to 302,000. The 4-week average fell 2,750 to 297,250. Continuing claims rose 31,000 to 2.539 million.
The Fed’s balance sheet fell $-4.1 billion last week, with total assets of $4.407 trillion. Total reserve bank credit rose by $-0.2 billion.
The Fed reports that M2 money supply rose $23.5 billion in the latest week.