Free Markets, Free People

Economic Statistics for 5 May 16

Chain stores today reported that year-on-year sales rates were weaker than March, which was an already weak month.

The Challenger Job-Cut Report shows that April layoff announcements swelled to 65,141 from 48,207 in March.

Gallup’s Good Jobs Rate rose 0.5% to 44.9% in April.

Initial weekly jobless claims rose 17,000 to 274,000. The 4-week average rose 2,000 to 258,000. Continuing claims fell 8,000 to 2.121 million.

The Bloomberg Consumer Comfort Index fell -1.4 points to 42.0 in the latest week.

The Fed’s balance sheet rose $2.6 billion last week, with total assets of $4.477 trillion. Reserve bank credit fell $-7.7 billion.

The Fed reports that M2 money supply rose by $62.8 billion in the latest week.

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One Response to Economic Statistics for 5 May 16

  • Total nonfarm payroll employment increased by 160,000 in April, and the unemployment rate was unchanged at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, h
    ealth care, and financial activities. Job losses continued in mining.

    The change in total nonfarm payroll employment for February was revised from +245,000 to +233,000, and the change for March was revised from +215,000 to +208,000. With these revisions, employment gains in February and March combined were 19,000 less than previously reported.

    President Obama has been seeking, in recent weeks, a Participant’s Award for his work on the economy.