Free Markets, Free People

Economic Statistics for 4 Aug 16

Factory orders fell -1.5% in June, following May’s decline, which was revised downwards to -1.2%.

Few chain stores still report monthly sales, but that did for July reported sharply lower sales growth, triggering earnings reassessments.

A surge of Job cuts in the energy sector pushed Challenger’s July layoff count to 45,346 from June’s 38,536.

Gallup’s July Good Jobs Rate rose to 47.1% from June’s 46.0%.

Initial weekly jobless claims rose 3,000 to 269,000. The 4-week average rose 3,750 to 260,250. Continuing claims fell 6,000 to 2.138 million.

The Bloomberg Consumer Comfort Index rose 0.1 points to 43.0 in the latest week.

The Fed’s balance sheet rose $2.3 billion last week, with total assets of $4.467 trillion. Reserve bank credit fell $-8.9 billion.

The Fed reports that M2 money supply rose by $49.7 billion in the latest week.

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