Free Markets, Free People
Economic Statistics for 5 Dec 12
The following US economic statistics were announced today:
The MBA reports that mortgage applications rose 4.5% last week, with purchases up 0.1% and refinancings up 6.0%.
The ADP Employment Report is forecasting a rise of 118,000 net new jobs in November, down from 157,000 in October.
Nonfarm productivity was revised up to a 2.9% annualized rate for the 3rd quarter, while unit labor costs fell -1.9%.
Factory orders rose a stronger-than-expected 0.8% in October, and ex-transportation orders were up and even stronger 1.3%.
The ISM Non-Mfg Index shows activity picking up, as it increased nearly a full point to 54.7.