Economic Statistics for 6 Nov 14
Chain stores reporting sales for October are citing unseasonably warm weather for sizable slowing in sales growth. This points to a disappointing government retail sales report for last month.
Challenger’s layoff count, at 51,183 in October is up sharply this month, but from a 14-year low in September of 30,477.
Gallup’s US Payroll to Population employment rate for October was 44.4%, down from 44.8% in September.
Nonfarm productivity growth for the 3rd Quarter rose an annualized 2.0%, while unit labor costs rose 0.3%.
Initial weekly jobless claims fell 10,000 to 278,000. The 4-week average fell 2,000 to 279,000. Continuing claims fell 39,000 to 2.348 million.
The Bloomberg Consumer Comfort Index rose 0.9 points to 38.1 in the latest week, the second-highest reading since 2007.
The Fed’s balance sheet fell $-0.2 billion last week, with total assets of $4.487 trillion. Reserve bank credit fell $-5.8 billion.
The Fed reports that M2 money supply rose by $33.6 billion in the latest week.