Economic Statistics for 4 Sep 14
The US trade deficit in July shrank $0.3 billion to $-40.5 billion. Exports rose 0.9%, while imports rose 0.7%.
Nonfarm productivity growth for the 2nd Quarter of 2014 rose at a 2.3% annualized rate, as unit labor costs fell -0.1%.
The ISM’s Non-Manufacturing Index rose 0.9 points in August, to 59.6.
The JP Morgan Global Composite PMI fell -0.4 points to 55.1 in August, while the Global Services PMI fell -0.5 points to 55.5.
Chain stores are reporting mostly rising rates of year-on-year sales growth in August compared to July, due to solid back-to-school sales.
Challenger’s Job Cut Report layoff count for August totals 40,010, vice 46,887 in July and 50,462 a year ago.
ADP estimates that private payroll growth in August was 204,000 jobs.
Gallup’s U.S. Payroll to Population employment rate fell -0.2% to 44.9%.
Weekly initial jobless claims rose 4,000 to 302,000. The 4-week average rose 3,000 to 302,750. Continuing claims fell 64,000 to a new recovery low of 2.464 million.
The Bloomberg Consumer Comfort Index rose 0.4 points to 37.7 in the latest week.
The Fed’s balance sheet rose $1.9 billion last week, with total assets of $4.416 trillion. Total reserve bank credit fell by $-2.5 billion.
The Fed reports that M2 money supply rose $14.5 billion in the latest week.