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Economic statistics

Economic Statistics for 5 Jul 13

Today’s only economic statistic is the Employment Situation. The headline numbers: 195,000 Net new jobs were created in June; the unemployment rate remained steady at 7.6%; average weekly hours were unchanged at 34.5; average hourly earnings rose by 0.4% to $24.01. Looking a bit deeper, the labor force participation rate actually rose a tick to 63.5% as an additional 160,000 people were employed. The real unemployment rate is closer to 11.65%.

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Dale Franks
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Economic Statistics for 3 Jul 13

Here are today’s statistics on the state of the economy:

The MBA reports that mortgage applications plunged -11.7% last week, with purchases down -3.0% and re-fis down -16.0%.

Challenger reports job layoff announcements totaled 39,372 in June, up from 36,398 in May.

The ADP Employment Report estimates that 188,000 private payroll jobs were created in June.

The U.S. trade deficit in May jumped to $45.0 billion from $40.1 billion in April.

Initial jobless claims fell 5,000 to 343,000. The 4-week average fell 250 to 345,500, while continuing claims fell 54,000 to 2.933 million.

The Gallup U.S. Job Creation Index was unchanged at 22 for June.

The Bloomberg Consumer Comfort Index rose 0.8 points to -27.5 in the latest week, a fresh five and a half year high.

The ISM Non-Manufacturing Index fell 1.5 points to 52.2 in June.

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Dale Franks
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Economic Statistics for 2 Jul 13

Here are today’s statistics on the state of the economy:

June auto sales are coming in as the strongest in 6 years, up 4.6% to a 16M annual rate. Sales increases from various automakers: Ford, 13%; GM, 6%; Chrysler 8%; Nissan, 13%; Toyota, 9.8%; VW, 3%.

ICSC-Goldman reports a mixed retail sales picture, with weekly sales up 0.6%, but a weak 1.9% from last year. Redbook reports a moderate 2.9% year-over-year retail sales increase.

Gallup reports the July economic confidence index (ECI) averaged -8, little changed from May’s -7.

Factory orders rose 2.1% in May, largely on commercial aircraft orders, as ex-transportation orders were up 0.6%.

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Dale Franks
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Economic Statistics for 01 Jul 13

Here are today’s statistics on the state of the economy:

The PMI Manufacturing Index slipped to 51.9 in June from 52.3 in May.

The ISM Manufacturing Index rose nearly two points in June to 50.9, which moves the index back into growth territory.

Construction spending rose 0.5% in May, which put it up 5.4% on a year-over-year basis.

The Gallup US Consumer Spending Measure was unchanged in May, with Gallup estimating that consumers spent an average $90 per day.

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Dale Franks
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Economic Statistics for 27 Jun 13

Here are today’s statistics on the state of the economy:

Initial jobless claims fell 9,000 to 346,000. The 4-week average fell 2,750 to 345,750, while continuing claims fell 1,000 to 2.965 million.

The Bloomberg Consumer Comfort Index rose 0.9 points to -28.3 in the latest week.

Personal income rose 0.5% in May, while spending rose 0.3%. The PCE price index rose 0.1% at both the headline and core rates. On a year-over-year basis, personal income rose 3.3%, while spending rose 2.9%. The PCE price index rose 1.0% at the headline rate and 1.1% at the core rate.

The Pending Home Sales Index rose 6.7% in May, to 112.3.

The Kansas City Fed Manufacturing Index fell to -5 in June from 2 in May.

The Fed reports that the M2 money supply rose by $3.9 billion in the latest week.

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Dale Franks
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Economic Statistics for 26 Jun 13

Here are today’s statistics on the state of the economy:

The Commerce Department’s 3rd GDP revision for the 1st Quarter was slashed to 1.8% annualized from the second revision’s 2.4%. The GDP price index was revised upwards slightly to 1.2%.

1Q corporate profits were revised up to 1.75 trillion from the previous 1.738 trillion. This is still below the 4Q’s $1.774 trillion.

The MBA reports mortgage applications fell -3.0% last week, with purchases up 2.0% but re-fis down -5.0%.

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Dale Franks
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Economic Statistics for 25 Jun 13

Here are today’s statistics on the state of the economy:

May durable goods orders jumped 3.6% overall, while ex-transportation orders rose 0.7%. This follows a similar 3.6% rise in April. On a year-over-year basis, orders are up 7.6% overall, while ex-transportation orders are up 2.8%.

New home sales were stronger-than-expected in May, with an annual rate of 476,000 homes sold.

The S&P Case-Shiller Home Price Index jumped 12% in April, with a year-over-year increase of 12.1%.

The Conference Board’s consumer confidence index rose to 81.4–a recovery high–in June from last month’s 76.2.

Like most of the recent Fed indices, the Richmond Fed Manufacturing Index was strongly positive, rising to 8 in June from -2 in May.

The State Street Investor Confidence Index surged over 100, rising from 94.8 in May to 106.8 in June.

The FHFA House Price Index continues to move upward, rising 0.7% in April, which is a gain of 7.4% on a year-over-year basis.

In weekly retail sales, ICSC-Goldman reports a 1.1% increase for last week, but a weak 1.6% increase over last year. Redbook reports a 2.8% year-over-year same-store retail sales increase, which is right on trend.

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Dale Franks
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Economic Statistics for 20 Jun 13

Here are today’s statistics on the state of the economy:

Initial jobless claims jumped 18,000 to 354,000. The 4-week average rose 3,000 to 348,250. Continuing claims fell 40,000 to 2.951 million.

The PMI Manufacturing Index Flash rose 0.3 to 52.2 in June.

The Bloomberg Consumer Comfort Index was -29.4 last week, the least negative in 13 months.

May Existing Home Sales rose 4.2% to an annual 5.18 million, a rate that is 12.9% higher than a year ago.

The Philadelphia Fed Survey shows a huge jump in June from -5.2 to 12.5.

The Conference Board’s index of leading indicators rose by only 0.1% in May, suggesting flat economic conditions six months from now.

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Dale Franks
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