Free Markets, Free People

Economic Statistics for 7 Oct 16

The BLS reports that a lackluster 156,000 net new jobs were created in September, while the unemployment rate rose 0.1% to 5.0%. The labor force participation rate rose 0.1% to 62.9%. Average hourly earnings rose 0.2%, while the average workweek increased by 0.1 hours to 34.4 hours.

Wholesale trade inventories fell -0.2%, while a sharp 0.7% rise in wholesale sales drew the stock-to-sales ratio down -0.1 to 1.33.

Consumer credit jumped by $25.9 billion, with revolving credit rose by $5.6 billion.

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