Free Markets, Free People

Economic Statistics for 2 Jun 16

Chain stores that reported sales today reported just slightly less strength in year-on-year sales than in April.

The Challenger Job-Cut Report shows that Layoff announcements during May were a relatively low 30,157 vs. April’s 64,141. 

ADP’s May Employment Report came in in at 173,000 net new jobs, compared to a revised 166,000 for April. 

May’s Gallup Good Jobs rate was 45.5%, up slightly from April’s 44.9% and the highest May rate since Gallup began measuring it in 2010.

Initial weekly jobless claims fell 1,000 to 267,000. The 4-week average fell 1,750 to 276,750. Continuing claims rose 12,000 to 2.172 million.

The Bloomberg Consumer Comfort Index rose 1.2 points to 43.2 in the latest week.

The Fed’s balance sheet rose $0.3 billion last week, with total assets of $4.461 trillion. Reserve bank credit fell $-9.4 billion.

The Fed reports that M2 money supply rose by $21.0 billion in the latest week.

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