Economic Statistics for 10 May 16
The Fed’s Labor Market Conditions index rose 1.2 points, but remained negative at -0.9 in April.
The NFIB Small Business Optimism Index rose 1.0 points to 93.6 in April.
The Labor Department’s JOLTS report showed a jump to 5.575 million job openings in March, versus 5.445 million in February.
Wholesale inventories rose 0.1% in March, but a 0.7% sales increase kept the stock-to-sales ratio unchanged at 1.36.
Redbook reports that last week’s retail sales growth rose to a still-weak 1.1% on a year-ago basis, from the previous week’s 0.6%.