Economic Statistics for 5 Nov 15
Chain stores are reporting weaker rates of year-on-year sales in October, as warm weather held down sales of seasonals.
Challenger reports that layoff announcements fell in October to 50,504 vs September’s 58,877.
Non-farm productivity rose only 1.6% in the 3rd Quarter, while unit labor costs rose 1.4%.
The Gallup Good Jobs rate (GGJ) was 45.3 percent in October, about the same as the last two months.
Initial weekly jobless claims rose 16,000 to 276,000. The 4-week average rose 2,500 to 262,750. Continuing claims rose 17,000 to 2.163 million.
The Bloomberg Consumer Comfort Index fell -1.7 points to 41.1 in the latest week.
The Fed’s balance sheet rose $0.4 billion last week, with total assets of $4.490 trillion. Reserve bank credit fell $-6.6 billion.
The Fed reports that M2 money supply rose by $15.4 billion in the latest week.