Free Markets, Free People

Economic statistics

Economic Statistics for 6 Jul 12

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

The Monster Employment Index rose 6 points to 153, as online recruiting picked up in June.

The Employment Situation for June is dismal for the 3rd month in a row. Total non-farm payrolls increased by 80,000. The unemployment rate is unchanged at 8.2%. Hourly earnings increased by 0.3%, while Weekly hours increased by 0.1 hours to 34.5 hours. Private payrolls increased by 84,000. The U-6 unemployment rate, the broadest measure of unemployment/underemployment, rose 0.1% to 14.9%.  The labor force participation rate and the employment/population ratio are both unchanged at 63.8% and 58.6%, respectively. Both are the lowest since 1983.

~
Dale Franks
Google+ Profile
Twitter Feed

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.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 3 Jul 12

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

Auto sales will be released throughout the day today. First reports are from Chrysler, whose sales rose 20% to 144,811 vehicles. Nissan posted a 28% sales gain, to 92,237 new vehicles. More figures will be released later today.

In retail sales, ICSC-Goldman reports bad weather reduced same-store retail sales to a year-on-year 1.4% increase, though sales rose 0.2% on a weekly basis. Redbook reports weak 2.2% sales growth both on a weekly basis, as well as in the 4-week moving average. Both Redbook and ICSC-Goldman sales results are the worst in a year.

US factory orders rose a better-than-expected 0.7% in May. Ex-transportation, orders were up by 0.4%, reversing 2 months of decline.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 2 Jul 12

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

The ISM manufacturing index shows a contacting manufacturing sector for the first time since July 2009, falling to 49.7 in June. New orders, at 47.8, show contraction for the first time since April 2009, and point to the possibility of a slower July, as well. Inventories and prices also fell.

Markit Economics’ PMI for the US slowed to 52.5 in May, vice 54 for April.

Construction spending rose a better-than-expected 0.9% in May, following a 0.6% rise in April. On a year-over-year basis, spending was up 7.0%.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 29 Jun 12

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

Personal income rose 0.2% in May, while personal spending was unchanged. The PCE price index fell -0.2% for the month, though the core rate rose 0.1%. On a year-over-year basis the index rose 1.5% overall, while the core rate rose 1.8%.

The consumer sentiment index fell to 73.2, which puts the index down to a new low for the year.

The Chicago Purchasing Managers Index rose slightly to 52.9, but the new orders component is the weakest since September 2009, pointing to slowing conditions this summer for Chocago businesses.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 28 Jun 12

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

The Commerce Department’s final estimate of first quarter GDP was unchanged at 1.9% annualized.

Initial claims for unemployment were a higher-than-expected 386,000. The 4-week moving average dropped 750 lower to 386,750.

The Bloomberg Consumer Comfort Index rose to -36.1, the highest level in two months.

The Kansas City Fed manufacturing index rebounded 6 points to a reading of 9 in May.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 27 Jun 12

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

Durable goods orders came in much better than expected, with an overall 1.1% increase in May. On a year-over-year basis, orders rose 4.6%. The increase was mainly the result of a big increase in aircraft orders. Ex-Transportation, orders rose 0.4% for the month, and 3.8% on a year-over-year basis.

The Mortgage Bankers’ Association reports mortgage applications fell -7.1%, with purchases down -1.0% and re-finance apps down -8.0%.

The National Association of Realtors reports that the Pending Home Sales Index rose 5.9 points to 101.1.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 26 Jun 12

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

Consumer confidence fell 2.4 points in June to 62.0, the lowest reading of the year. Consumers are pessimistic about business conditions over the next 6 months, as well as about job availability and their incomes.

The S&P Case-Shiller home price index rose by 0.7% for June, on a seasonally adjusted basis. On a year-over-year basis, prices are still down -1.9%.

The State Street Investor Confidence Index rose 7.0 points to 93.5. Readings below 100 indicate a demand for safety.

The Richmond Fed Manufacturing Index fell to -3 in June from readings of 4 in May and 14 in April, indicating a steady decline in manufacturing.

In retail sales, Redbook’s same-store sales index shows only 2.3% year-on-year growth in the June 23 week. Meanwhile, ICSC-Goldman Store Sales rose by a sharp 2.0% for the week, but year-on-year growth fell to 2.7%, the lowest rate in 3 months.

~
Dale Franks
Google+ Profile
Twitter Feed

Economics Statistics for 25 Jun 12

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

New home sales came in at an annual rate of 369,000 in May, the best rate in more than 2 years, and well above analysts’ expectations.

The Chicago Fed national activity index fell to -0.45 in May from a revised 0.08 in April. Most production-related components declined, as did housing.

The Dallas Fed general business activity index rebounded to 5.8 in June from -5.1 in May, showing some rebound in manufacturing.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 21 Jun 12

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

Initial claims for unemployment were 387,000 last week. The 4-week moving average rose 3,500 to 386,250. The prior week’s claims were revised upwards 3,000 to 389,000.

Existing home sales fell 1.5% in May to a 4.55 million annual rate, but were up 7.9% on a year-over-year basis.

The Philadelphia Fed’s Business Outlook Survey for June dropped to -16.6 from -5.8 in May, as business activity declined for the second straight month in the mid-Atlantic region, and declined more steeply.

The PMI manufacturing flash index for June fell 1 point to 53.9, a level over 50 to indicate monthly growth but below May to indicate a slower rate of growth.

The Bloomberg Consumer Comfort Index fell to -37.9 in the latest week. All three components of the index declined.

The FHFA purchase only house price index rose 0.8% in April, following a revised 1.6% in March.  The year-on-year rate rose 3.0%.

The Conference Board’s index of leading indicators in April rose 0.3% in May, following a 0.1% rise in April. The biggest negative components were the factory workweek and stock prices, while the positives were building permits and the spread between short and long interest rates, a spread made favorable by the Fed’s near zero rate policy.

~
Dale Franks
Google+ Profile
Twitter Feed