Free Markets, Free People

Economic Statistics for 3 Dec 15

Chain stores are posting slightly better year-on-year sales rates in November, hinting at better news in the government’s official report.

Challenger’s count of layoff announcements fell nearly -20,000 in November to 30,953 for the lowest reading since September, 2014.

The Gallup Good Jobs Rate for November fell -0.4% to 44.9%.

Factory orders bounced back from September’s -1.0% drop, coming in with an increase of 1.5% in October.

The PMI Services Index rose 1.3 points to 56.1 in November. Conversely, the ISM Non-Manufacturing Index fell -3.2 points to 55.9.

Initial weekly jobless claims rose 9,000 to 269,000. The 4-week average fell 750 to 269,250. Continuing claims rose 6,000 to 2.161 million.

The Bloomberg Consumer Comfort Index fell -1.3 points to 39.6 in the latest week, the fifth drop in six weeks.

The Fed’s balance sheet rose $1.0 billion last week, with total assets of $4.478 trillion. Reserve bank credit fell $-11.4 billion.

The Fed reports that M2 money supply rose by $19.8 billion in the latest week.

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