Economic Statistics for 3 Mar 16
Chain stores that still report monthly sales growth are mostly reporting stronger rates of year-on-year sales in February than January.
Non-farm productivity for the 4th quarter of 2015 was revised upwards to -2.2%, and labor cost increased were revised down to 3.3%.
Factory orders rose a strong 1.6% in January thanks to wide strength in durable goods. Core capital goods orders rose 3.4%.
Markit’s PMI Services index for February fell to a contractionary 49.7 from 53.2. The ISM Non-Manufacturing index held steady, down only -0.1 point to 53.4.
The Challenger Job-Cut Report came in at 62,599 layoffs announced in February.
The Gallup Good Jobs rate in the U.S. was 44.6% in February, down just -0.1% from the previous month.
Initial weekly jobless claims rose 6,000 to 278,000. The 4-week average fell 1,750 to 270,250. Continuing claims rose 3,000 to 2.257 million.
The Bloomberg Consumer Comfort Index fell -0.6 points to 43.6 in the latest week.
The Fed’s balance sheet fell $-11.3 billion last week, with total assets of $4.479 trillion. Reserve bank credit fell $-8.5 billion.
The Fed reports that M2 money supply rose by $34.2 billion in the latest week.