Mixed Fundamentals.

Jobless Claims (week ended 12/13/2014)

- New Claims (seasonally adjusted) 289,000. Previous was 294,000
- New Claims unadjusted, totaled 326,930 a decrease of 61,841 from the previous week
- 4-week Moving Average (seasonally adjusted)  298,750. Previous was 299,500.

 
PMI Services Flash (December 2014)

- Level 53.6. Previous was 56.3.

Growing but at a slower pace.

 

Philadelphia Federal Reserve Survey (December 2014)

- General Business Conditions Index 24.5. Previous was 40.8.

 

Leading Economic Indicators (November 2014)

- Leading Indicators month/month +0.6%. Previous was +0.6%.
 

CPI lower.

Consumer Price Index (November 2014) – CPI month/month -0.3%. Previous was +0.0% – CPI year/year  +1.3%  Previous was +1.7%. – CPI core (less food & energy) month/month  +0.1%. Previous was +0.2% – CPI core (less food & energy) year/year   +1.7%. Previous was +1.8%. Housing and medical care were more expensive. Gasoline prices fell substantially.   […]

 

Housing Still Hurting.

A 2 day FOMC meeting starts today.  Policy will be released tomorrow and attention will focus on indication as to when the Fed will start raising short-term rates.   ICSC-Goldman Store Sales (week ended 12/13/2014)   – Store Sales week/week +3.0%. Previous was -1.5% – Store Sales year/year +1.1%. Previous was +2.9%   Redbook Store […]

 

Industrial Production up.

Industrial Production  (November 2014) – Production month/month +1.3. Previous was +0.1% – Capacity Utilization Rate 80.1%. Previous was 79.3% – Manufacturing month/month +1.1%. Previous was +0.4% This include manufacturing, mining and also the production of utilities. Some of the gain could be weather-related. Housing Market Index (December 2014) – Housing Market Index 57.0.  Previous was […]

 

Consumer Sentiment Strongest since January 2007

PPI (FD) November 2014 – PPI-FD month/month -0.2%. Previous was +0.2% – PPI-FD year/year +1.4%. Previous was +1.5% – PPI-FD less food & energy month/month  +0.0%. Previous was +0.4% – PPI-FD less food & energy year/year +1.7%. Previous was +1.8% – PPI-FD less food, energy & trade services month/month +0.0%. Previous was +0.1% – PPI-FD […]

 

Import/Export Prices Keep Falling.

Jobless Claims (week ended 12/6/2014) – New Claims (seasonally adjusted)  294,000. Previous was 297,000 – New claims (unadjusted) totaled 388,258 an increase of 93,834 from the previous week. – 4-week Moving Average  (seasonally adjusted)  299,250. Previous was 299,000   Retail Sales (November 2014) – Retail Sales month/month +0.7%. Previous was +0.5% – Retail Sales less […]

 

Mortgage Applications

MBA Purchase Applications (week ended 12/5/2014)   – Purchase Index Week/Week +1.0%. Previous weeks were +3.0%, -10.0%, +12.0%, +1.0%, +3.0%, -5.0%, -5.0%, -1.0%, +2.0%, +0.0%, -0.3%, and +5.0%. – Refinance Index Week/Week +13.0%. Previous weeks were -13%, -4.0%, -6.0%, -11.0% -6.0%, -7.0%, +23.0%, +11.0%, +5.0%, -0.3%, and -7.0%. – Composite Index Week/Week +7.3%. Previous weeks […]

 

Chain Store Sales Soft. Jobs, Inventories up.

ICSC-Goldman Store Sales (week ended 12/6/2014) – Store Sales week/week -1.5%. Previous was -1.8% – Store Sales year/year  +2.9%. Previous was +2.8% Redbook Store Sales (week ended 12/6/2014) – Store Sales year/year +3.9%. Previous was 4.8%. Looking at the Store Sales number one might think that purchases have shifted to on-line but the Consumer Metrics […]

 

BLS Jobs Report Stronger

BLS Employment Situation Report (November 2014) – Nonfarm Payrolls month/month  +321,000. Previous was +243,000 – Unemployment Rate  5.8%. Previous was 5.8% – Private Jobs  month/month 314,000. Previous was +209,000 – Labor Participation Rate  62.8%. Previous was  62.8% – Average Hourly Earnings month/month  +0.4%. Previous was +0.1% – Average Workweek  34.6 hours. Previous was 34.6 hours. […]

 

Prelude to BLS: Restrained Growth?

Challenger Job-Cut Report (November 2014) – Announced Layoffs  35,940. Previous was 51,183.   Gallup US Payroll to Population (November 2014) – Payroll to Population Ratio 44.2. Previous was 44.4. This is a prelude to tomorrow’s BLS Employment Situation Report.   Jobless Claims (week ended 11/29/2014) – Initial Claims (seasonally adjusted) 297,000. Previous was 314,000 – […]

 
 
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