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Economic Statistics for 5 Jun 14

Chain stores reported slower year-on-year sales growth in May, but this year’s Easter shift made April look better, complicating the comparison.

The Challenger Job-Cut Report for May jumped to 52,961 reported layoffs, the highest since February, 2013.

Gallup’s Payroll to Population employment rate rose 1.1% to 44.5% in May.

Weekly initial jobless claims rose 8,000 to 312,000. The 4-week average fell 2,250 to 310,250. Continuing claims fell 20,000 to 2.603 million.

The Bloomberg Consumer Comfort Index rose for the first time in five weeks, up 1.8 points to 35.1 in the latest week.

The Fed’s balance sheet rose $8.3 billion last week, with total assets of $4.331 trillion. Total reserve bank credit rose by $0.3 billion.

The Fed reports that M2 money supply rose $36.1 billion in the latest week.


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Economic Statistics for 4 Jun 14

The MBA reports that mortgage applications fell -3.1% last week. Purchases fell -4.0% and re-fis fell -3.0%.

ADP’s estimate for private payroll growth for May is  a weak 179,000.

In contrast to ADP’s weak jobs estimate, Gallup’s Job Creation Index for May was 27, a 6-year high.

The U.S. international trade deficit rose to a much higher than expected $-47.2 billion in April.

The Commerce department revised 1Q 2014 productivity down sharply, to a -3.2% annualized decline. Unit labor costs, meanwhile, rose a sharp 5.7%.

The US Services Purchasing Managers’ Index rose 3.1 points to 58.1 in May.

The ISM Non-Manufacturing Index rose 1.1 points to 56.3 in May.

JP Morgan Global Composite PMI rose 1.5 points to 54.3 in May, while the Global Services PMI rose 1.9 points to 54.6.

The Fed’s Beige Book characterized current economic activity as modest to moderate, but noted ongoing labor market improvement.


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Economic Statistics for 29 May 14

The Commerce Department’s first revision of 1st Quarter GDP was revised down to a -1.0% annualized decline. The GDP price index was unchanged at a 1.3% annualized increase.

The pending home sales index rose 0.4% to 97.8 in April.

Weekly initial jobless claims fell 27,000 to 300,000. The 4-week average fell 11,250 to 311,500. Continuing claims fell 17,000 to 2.631 million.

The Bloomberg Consumer Comfort Index fell -0.8 points to 33.3 in the latest week, the lowest level since November 2013.

The Fed’s balance sheet fell $-4.9 billion last week, with total assets of $4.322 trillion. Total reserve bank credit rose by $7.7 billion.

The Fed reports that M2 money supply rose $5.0 billion in the latest week.


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Economic Statistics for 27 May 14

Durable goods orders rose 0.8% in April, mainly on transportation orders. Ex-transportation orders rose 0.1%. On a year-over-year basis, orders are up 7.1%, while ex-transportation orders are up 4.8%.

The Federal Housing Finance Agency (FHFA) House Price Index rose 0.7% in March, and is up 6.4% over last year.

The S&P/Case-Shiller home price index for March was up 1.2% on a seasonally-adjusted basis.

The May Purchasing Managers’ Index (PMI) US Services Flash rose 3.0 points to 58.4.

The Conference Board’s consumer confidence index rose 0/7 points in May to 83.0.

The Richmond Fed manufacturing index was unchanged at 7 in May.

The State Street Investor Confidence Index for May rose 0.5 points to 119.5.

The Dallas Fed general business activity index fell 3.7 points to 8.0 in May. The production index plummeted to 11.0 from 24.7.


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Economic Statistics for 22 May 14

Weekly initial jobless claims rose 28,000 to 326,000. The 4-week average fell 1,250 to 322,500. Continuing claims fell 13,000 to 2.653 million.

The Chicago Fed National Activity Index fell sharply from 0.20 to -0.32 in April.

The Markit PMI manufacturing index flash for May rose 1.8 points to 56.2.

The Bloomberg Consumer Comfort Index fell 3 points to 34.1in the latest week.

Existing home sales rose 1.3% in April to a 4.65 million annual rate. Sales are still down -6.8% on a year-ago basis, however.

The Conference Board’s index of leading indicators rose 0.4% in April.

The Kansas City Fed manufacturing index rose 3 points to 10 in May.

The Fed’s balance sheet fell $9.1 billion last week, with total assets of $4.328 trillion. Total reserve bank credit rose by $2.7 billion.

The Fed reports that M2 money supply rose $4.6 billion in the latest week.


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