Economic Statistics for 6 Oct 16
The small number of chain store retailers that still report monthly sales are mostly reporting much weaker sales rates in September.
Challenger’s Job-Cut Report shows a total of 44,324 layoffs announced in September, versus August’s very low 32,188.
Gallup’s Good Jobs Rate for september fell -0.9% to 45.6%, which is still the highest September reading since 2010.
Initial weekly jobless claims fell 5,000 to 249,000. The 4-week average fell 2,500 to 253,500. Continuing claims fell 6,000 to 2.058 million.
The Bloomberg Consumer Comfort Index fell -0.2 points to 41.4 in the latest week.
The Fed’s balance sheet rose $7.4 billion last week, with total assets of $4.459 trillion. Reserve bank credit fell $-6.3 billion.
The Fed reports that M2 money supply rose by $37.3 billion in the latest week.