Economic Statistics for 7 Jan 15
Chain store sales—approximately 10% of all retail sales—reported rising rates of year on year sales growth today.
Challenger’s layoff count fell sharply in December, to 23,622, the lowest monthly level since June, 2000.
The Gallup Good Jobs Rate rose 0.4% to 45.3% in December.
Initial weekly jobless claims fell 10,000 to 277,000. The 4-week average fell 1,250 to 275,750. Continuing claims rose 25,000 to 2.230 million.
The Bloomberg Consumer Comfort Index rose 0.6 points to 44.2 in the latest week.
The Fed’s balance sheet rose $0.2 billion last week, with total assets of $4.487 trillion. Reserve bank credit fell $-7.5 billion.
The Fed reports that M2 money supply fell by $-10.8 billion in the latest week.
Finally, in other good news, the Dow Jones Industrial Average has fallen around 1,000 points, or -5.2% in the first four days of trading this year.