Free Markets, Free People

Economic Statistics for 9 Aug 16

The Fed’s Labor Market Conditions Index rose 2.9 points to 1.0 in July.

NFIB’s Small Business Optimism Index for July rose 0.1 points to 94.6.

Non-farm productivity fell a disappointing -0.5% in the 2nd Quarter, while unit labor costs rose 2.0%.

June wholesale inventories rose 0.3%, as sales surged 1.9 percent, pulling the stock-to-sales ratio down to 1.33.

Redbook reports that last week’s retail sales growth was little improved at 0.5% on a year-ago basis, from the previous week’s 0.3%.


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One Response to Economic Statistics for 9 Aug 16

  • The Bureau of Labor Statistics yesterday reported a massive downward revision of the 1Q 2016 YoY real wage growth from +4.2% to -0.4% (a 4.6% swing).

    So, as I [Barack Obama] said at my State of the Union address, the United States of America, right now [February 2016], has the strongest, most durable economy in the world. I know that’s still inconvenient for Republican stump speeches as their doom and despair tour plays in New Hampshire. I guess you cannot please everybody.