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.