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Economic statistics

Economic Statistics for 14 Jan 14

The NFIB Small Business Optimism Index jumped 1.4 points in December to 93.9.

December retail sales rose 0.2%, with sales less autos up 0.7%, and less autos and gas up 0.6%.

In weekly retail sales, Redbook reports a 2.9% increase from the previous year. ICSC-Goldman reports a weekly sales decrease of -0.1%, and a 1.3% increase on a year-over-year basis.

Export prices rose 0.4% in December, while import prices were unchanged. On a year-over-year basis, export prices

Business Inventories rose 0.4% in November. A 0.8% sales increase left the stock-to-sales ratio unchanged at 1.29.


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Economic Statistics for 10 Jan 14

Wholesale inventories rose by 0.5% in November, while a 1.0% rise in sales lowered the stock to sales ratio to 1.17, the first decline in 3 months.

A disappointing Employment Situation report shows only 74,000 new jobs were created in December. The average workweek declined a tick to 34.4 hours, while average hourly earnings rose 0.1%. The unemployment rate declined to 6.7%, though this was due to a decline in labor force participation. The labor force participation rate, at 62.8, is the lowest since March, 1978. While the civilian non-institutional population rose by 178,000 during the month, the labor force declined by 347,000. The real unemployment rate stands at 11.48%. The following chart of the employment-to-population ratio tells us everything we need to know about the labor market in this "recovery":

LNS12300000_337558_1389404875357


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Economic Statistics for 9 Jan 14

The Challenger Job-Cut Report shows layoffs in December hit a recovery low of 30,623.

Gallup’s US Payroll to Population index for December fell to 42.9% from 43.7% in November.

Initial jobless claims fell 15,000 last week, to 330,000. The 4-week moving average fell 9,750 to 349,000. Continuing claims rose 50,000 to 2.865 million.

The Bloomberg Consumer Comfort Index rose 0.3 points to -28.4.

The Fed’s balance sheet rose $4.6 billion last week, with total assets of $4.028 trillion. Reserve Bank credit increased $1.2 billion.

The Fed reports that M2 Money Supply fell by $-10.2 billion last week.


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Economic Statistics for 7 Jan 14

Gallup’s Economic Confidence Index rose to -19 in December from -25 in November.

In weekly retail sales, Redbook reports a 4.1% increase from the previous year. ICSC-Goldman reports a steep weekly sales drop of -5.4%, and a 1.7% increase on a year-over-year basis.

Exports rose and imports fell, lowering the trade deficit to $-34.3 billion in November.


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Economic Statistics for 2/3 Jan 14

The Gallup U.S. Job Creation Index fell a point to 19, the first reading below 20 in several months.

Initial jobless claims fell 2,000 to 339,000 last week. The 4-week moving average rose 8,500 to a 357,250. Continuing claims fell 98,000, but the 4 week averages for both weekly and continuing claims are above the month-ago levels, so the trend is negative.

The Markit PMI Manufacturing Index rose 0.3 points to 55.0 in December.

The ISM Manufacturing Index fell -0.3 points in December to a still nicely positive 57.0.

The Bloomberg Consumer Comfort Index fell -1.3 points to -28.7 .

Construction Spending is still going strong, up 1.0% in November, continuing a string of monthly gains.

Motor vehicle sales fell in December to an annualized 15.4 million rate. GM -6.3%, Ford 1.8%, Chrysler 6.0%, Toyota -1.4%.

The Fed’s balance sheet fell $-8.9 billion last week, with total assets of $4.024 trillion. Reserve Bank credit fell $-1.4 billion.

The Fed reports that M2 Money Supply increased by $23.5 billion last week.


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Economic Statistics for 31 Dec 13

In weekly retail sales, Redbook reports a strong 4.5% increase from the previous year. ICSC-Goldman reports a weekly sales increase of 1.0%, and a 3.0% increase on a year-over-year basis.

The S&P/Case-Shiller 20-city home price index rose a solid 1.0% in October, with a year-on-year 13.6% price increase.

The Chicago Purchasing Managers Index fell from an unsustainably high 63.0 in November to 59.1 in December.

The Conference Board’s consumer confidence index rose a strong 6.1 points in December to 78.1.

The State Street Investor Confidence Index rose from a revised 91.2 in November to 95.9 in December.


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Economic Statistics for 26 Dec 13

Initial jobless claims fell 42,000 to 338,000. The 4-week average rose 4,500 to 348,000, while continuing claims rose 46,000 to 2.923 million. Holiday volatility is still skewing the claims numbers wildly.

The Bloomberg Consumer Comfort Index rose 2 points to -27.4 in the latest week.

The Fed’s balance sheet rose $24.5 billion last week, with total assets of $4.033 trillion. Reserve Bank credit increased $27 billion.

The Fed reports that M2 money supply rose by $5 billion in the latest week.


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