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.