Economic Statistics for 4 Dec 14
Chain stores are reporting monthly sales today, showing mostly stronger rates of year-on-year sales growth in November than October.
Challenger’s Job Cut Report shows that the layoff count fell to 35,940 in November from 51,183 in October and 45,314 in November last year.
Gallup’s November Payroll to Population employment rate was 44.2%, down two ticks from October’s rate of 44.4%.
Initial weekly jobless claims fell 17,000 to 297,000. The 4-week average rose 5,000 to 299,000. Continuing claims rose 39,000 to 2.362 million.
The Bloomberg Consumer Comfort Index fell -0.9 points to 39.8 in the latest week, still close to a seven-year high.
The Fed’s balance sheet rose $0.3 billion last week, with total assets of 4.486 trillion. Reserve bank credit fell $-7.6 billion.
The Fed reports that M2 money supply rose by $3.5 billion in the latest week.