Free Markets, Free People


Economic Statistics for 5 Jul 12

The following statistics were released today on the state of the US economy:

Initial claims for unemployment fell 14,000 in the June 30 week to 374,000, much better than expected. The 4-week moving average fell slightly to 385,750. Continuing claims in rose 4,000 to 3.306 million with the 4-week average falling 3,000 to 3.304 million. The unemployment rate for insured workers is 2.6%, which is unchanged since March.

ADP’s private payroll count shows a better-than-expected rise of 176,000, hopefully pointing to strength for tomorrow’s employment situation.

Unlike the ISM manufacturing index, the ISM Non-Manufacturing Index stayed positive at 52.1, though that’s still slower than last month.

Chain Store Sales had a disappointing June, with many retailers lowering guidance, reporting lower rates of year-on-year growth than in May.

MBA Purchase Applications fell -6.7% last week, with purchases up 1.0%, but refinance applications down -8.0%.

The Challenger Job-Cut Report’s layoff count for June is 37,511, down from 61,887 in May and down from 41,432 in June last year.

The Bloomberg Consumer Comfort Index dropped from last week’s 2-month high to -37.5.

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Dale Franks
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2 Responses to Economic Statistics for 5 Jul 12

  • File this under .. “Yes, there is a God” …

    How the mighty have fallen.

    It seems like only yesterday that Jon Corzine was the life of the party, holding court on the Hamptons political circuit, raising money for Barack Obama.

    Now, Corzine — just months removed from a humiliating financial scandal — is persona non grata in the tony playground of the rich, and it’s clearly taking its toll, insiders said.

    “He’s certainly not getting the invitations that he would have gotten before,” a friend of his told The Post.