Economic Statistics for 31 Mar-1 Apr 16
The Gallup Good Jobs (GGJ) rate was 44.4 percent in March.
Challenger reports that the number of layoff announcements fell to 48,207 in March.
The Chicago PMI rose from 47.6 to 53.6 in March.
Initial weekly jobless claims rose 11,000 to 276,000. The 4-week average rose 3,500 to 263,250. Continuing claims fell -7,000 to 2.173 million.
The Bloomberg Consumer Comfort Index fell -0.8 points to 42.8 in the latest week.
The Fed’s balance sheet fell $-10.0 billion last week, with total assets of $4.483 trillion. Reserve bank credit fell $-6.2 billion.
The Fed reports that M2 money supply rose by $37.5 billion in the latest week.
Motor vehicle sales slowed sharply in March, down -5.1% to a 16.6M annual rate.
215,000 net new jobs were created in March, as the unemployment rate rose to 5.0%. The labor force participation rate rose to 63.0%. Average hourly earnings rose 0.3%, while the average workweek remained unchanged at 34.4 hours.
The PMI Manufacturing Index was only slightly changed, up 0.2 points to 51.5.
The ISM Manufacturing Index rose from 49.5 to 51.8 in March.
The University of Michigan’s Consumer Sentiment Index rose 1.0 point to 91.0 in March.
Construction spending fell -0.5% in February, but the year-on-year rate of spending was up 10.3%.