Free Markets, Free People

Economic Statistics for 30 Apr 15

Personal income was unchanged in March, while personal spending rose 0.4%. The PCE Price index rose 0.2% overall and 0.1% at the core. On a year-over-year basis, income is up 3.8% while spending is up 3.0%. The PCE Price Index is up 0.3% overall, but up 1.4% when food and energy is excluded, the so-called core rate.

The Employment Cost Index rose 0.7% in the 1st Quarter of 2015. On a year-ago basis, employment costs have risen 2.6%.

The Chicago Purchasing Manager’s Index jumped from 46.3 to 52.3 in April. It’s worth noting, though, that this is a volatile index.

The Bloomberg Consumer Comfort Index declined for the 3rd straight week, from 45.2 to 44.7 in the latest week.

Initial weekly jobless claims fell 34,000 to 262,000. The 4-week average fell 1,250 to 283,750. Continuing claims fell 74,000 to 2.253  million. This weeks number of claims was the lowest since April of 2000.

The Fed’s balance sheet fell $-18.2 billion last week, with total assets of $4.472 trillion. Reserve bank credit fell $-3.2 billion.

The Fed reports that M2 money supply fell by $-1.9 billion in the latest week.

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