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Economic statistics

Economic Statistics for 11 Jun 13

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

ISCS-Goldman reports last week’s retail sales fell by -2.7% due to bad weather, while the year-on-year rate declined to 2.2%. Redbook, however, is reporting a 2.8% year-on-year same store sales increase, with no significant weather effects.

The NFIB Small Business Optimism Index rose 2.3 points to 94.4 in May.

The Labor Department’s Job Openings and Labor Turnover Survey reports there were 3.757 million job openings on the last day of April, little changed from March.

Wholesale inventories rose 0.2% in April, against a o.5% rise in sales, resulting in a leaner 1.21 stock to sales ratio.

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Dale Franks
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Economic Statistics for 7 Jun 13

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

The BLS reports that 175,000 net new jobs were created in May, while the unemployment rate rose a tick to 7.6%. The U-6 unemployment rate, the government’s broadest measure on unemployment, actually fell a tick to 13.8%. The labor force participation rate was little changed at 63.4%, though 420,000 workers entered the labor force. The average for weekly hours remained unchanged at 34.5 hours, while the average hourly earnings rose a penny to $23.89. The "real" unemployment rate, as I calculate it using the historical average for labor force participation, fell 0.13% to 11.41%. Overall, a lackluster report showing no substantial gains in the employment market.

Revolving credit is not moving much, but non-revolving credit—mainly from strong increses in auto sales—moved up sharply, resulting in an increase in overall consumer credit to $11.1 billion in April from $8.0 billion in March.

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Dale Franks
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Economic Statistics for 6 Jun 13

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

The Challenger Job-Cut Report shows that layoff announcements fell about 1,600 to 36,398 in May.

Initial jobless claims fell 11,000 to 346,000 last week. The 4-week average rose 5,250 to 352,500. Continuing claims fell 52,000 to 2.952 million.

The Bloomberg Consumer Comfort Index held at its five and a half year high of -29.7.

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Dale Franks
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Economic Statistics for 5 Jun 13

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

The ISM Non-Manufacturing Index rose 0.6 points to 53.7 in May.

The MBA reports mortgage applications fell -11.5% last week, with purchases down -2.0% and re-fis down -15.0%.

The ADP Employment Report shows an increase of 135,000 private payroll jobs in May, still a fairly weak number.

The Commerce Department’s final reading on 1st quarter productivity wqas revised down to 0.5% annualized, with unit labor costs down -4.3%.

Factory Orders for April rose a weaker-than-expected 1.0%, only a partial clawback from March’s drop of -4/0%.

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Dale Franks
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Economic Statistics for 3 Jun 13

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

Auto sales rose in May, and the Big 3 Automakers all report sales increases: GM 3.1%, Ford 14%; Chrysler 11%. Total us auto sales rose 8% from last year, to an annual pace of 15.2 million vehicles.

The PMI Manufacturing Index for May rose 0.2 to 52.3.

ISM Manufacturing Index fell -1.7 to 49.0, with all major components showing weakness.

Construction spending rose a less-than-expected 0.4% in April, which is up 4.3% on a year-over-year basis.

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Dale Franks
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Economic Statistics

Here are today’s statistics on the state of the economy. And yesterday’s too, since a family emergency kept me from posting them.

1st Quarter GDP was revised downwards to a 2.4% annualized growth rate. The GDP Price index also dropped to a 1.1% annual rate.

Initial jobless claims rose 10,000 to 354,000. The 4-week average rose 6,750 to 347,250. Continuing claims rose 63,000 to 2.986 million.

Corporate profits in the first quarter fell -4.0% to $1.738 trillion annualized.

The Bloomberg Consumer Comfort Index held at a near 5-year high at -29.7.

The Pending Home Sales Index rose a worse-than-expected 0.3% to 106.0 due to supply constraints.

The Fed reports the weekly M@ money supply fell -11.9 billion.

Personal income was unchanged in April, while spending fell -0.2%. The PCE price index fell -0.3% while the core rate was unchanged. On a year-over-year basis, income and spending were up 2.8%, while the PCE price index rose 0.7% at the headline level, and 1.1% at the core.

The Chicago Purchasing managers index rose sharply to 58.7 in May.

The Reuters/University of Michigan’s consumer sentiment index improved to 84.5 in May.

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Dale Franks
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Economic Statistics for 29 May 13

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

The MBA reports mortgage applications fell by -8.8%. Purchases rose 3.0%, but re-fis fell -12.0%.

In weekly retail sales, Redbook reports a slightly better 2.7% year-over-year sales growth rate. ICSC-Goldman’s sales report is bumpy, with a weak -0.9% sales drop for the week, but a better 2.8% annual rate.

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Dale Franks
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Economic Statistics for 28 May 13

The following US economic statistics were announced today:

The Dallas Fed Manufacturing Survey was mixed, with Production jumping from -0.5 to 11.2, but the overall index up only 5 to a still-negative -10.5.

The S&P/Case-Shiller home price index rose 1.1% in March, up 10.9% over last year.

The Conference Board’s Consumer Confidence index rose sharply from 68.1 to 76.2.

The Richmond Fed Manufacturing Index rose 4 points to -2 in May.

The State Street Investor Confidence Index rose 1.2 points to 94.8 in May.

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Dale Franks
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