Free Markets, Free People

Economic Statistics for 2 Apr 15

Challenger’s layoff count eased to 36,594 in March, well down from the 50,000+ reading of the last two months.

Lower oil prices sent the US trade deficit sharply lower in February, to $-35.4 billion, versus January’s revised $-42.7 billion.

After six straight months of decline, US Factory orders rose 0.2% overall, but the durables components was still down -1.4%.

Gallup’s U.S. Payroll to Population employment rate was 44.1% in March, up 0.2% from February.

Initial weekly jobless claims fell 20,000 to 268,000. The 4-week average fell 14,750 to 285,000 . Continuing claims 88,000 to 2.325 million. This is lowest weekly jobless claims number since April, 2000.

The Bloomberg Consumer Comfort Index rose 0.7 points to 46.2 in the latest week.

The Fed’s balance sheet rose $1.2 billion last week, with total assets of $4.482 trillion. Reserve bank credit fell $-9.4 billion.

The Fed reports that M2 money supply rose by $3.1 billion in the latest week.

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One Response to Economic Statistics for 2 Apr 15

  • The sputtering U.S. economy created just 126,000 jobs in March as bad weather, weak consumer spending and flailing corporate profits resulted in the worst report since December 2013.

    Economists expected nonfarm payrolls to rise 245,000 in March, with the unemployment rate holding steady at 5.5 percent, according to Reuters. February’s numbers were revised lower to 264,000 from the initially reported 295,000, while January’s number fell from 239,000 to 201,000.

    The total fell well short of the 269,000 average over the past year and was the first time in 14 months that the number dropped below 200,000.

    … after all the yelling, screaming and gnashing of teeth last month, we get this line about it being revised down.

    January was 239,000, now 201,000
    February was 295,000, now 264,000