Initial Jobless Claims up but Still Low

Durable Goods Orders (March 2014)

- New Orders month/month +2.6%. Previous was +2.1%

- Ex-transportation month/month 2.0%. Previous was +0.1%.

DGO data has been inconsistent and while the month-to-month data can be hard to read, at least, it is positive for March.

 

Jobless Claims

- Initial Claims (seasonally adjusted) 329,000. Previous was 305,000

- 4-week Moving Average  316,750. Previous was

- Initial Claims  unadjusted, totaled 297,870  a decrease of 20,923 (or -6.6%) from the previous week.

This data is difficult to interpret because of the movable nature of Easter.
 

New Home Sales very Weak

MBA Mortgage Applications (week ended 4/18/2014) – Purchase Index Week/Week -3.0%. Previous weeks were +1.0%, +3.0%, +1.0%, +3.0%, -1.0%, -1.0%, +9.0%, -4.0%, -6.0%, -5.0%, -4.0%, and +2.0%. – Refinance Index Week/Week -4.0%. Previous weeks were +7.0%, -5.0%, -3.0%, -8.0%, -1.0%, -3.0%, +10.0%, -11.0%, -3.0%, -0.2%, and +3.0%. – Composite Index Week/Week -3.3%. Previous weeks were […]

 

Home Prices up. Home Sales Flat.

ICSC-Goldman Store Sales (week ended 4/19/2014) – Store Sales week/week  +0.4%. Previous was -0.3% – Store Sales year/year  +1.9%. Previous was +2.3%. Redbook Store Sales (week ended 4/19/2014) – Store Sales year/year +3.7%. Previous was +2.6%. Store Sales data was likely boosted by Easter which makes week/week and year/year comparisons difficult to read. FHFA House […]

 

Leading Indicators Positive for Economy

Chicago Federal Reserve National Activity Index  (March 2014) – Index level 0.20.  Previous was revised from 0.14 to 0.52 – 3-month Moving Average 0.00.  Previous was -0.14 Leading Economic Indicators (March 2014) – Leading Economic Indicators +0.8%. Previous was +0.5%

 

Jobless Claims Remain Low.

Initial Jobless Claims (week ended 4/12/2014) – New Claims (seasonally adjusted) 304,000. Previous was 302,000 – 4-week Moving Average  312,000. Previous was 316,750 – New Claims (unadjusted)  totaled 317,701 an increase of 17,512 (or 5.8%) from the previous week Initial Jobless Claims gets attention as a weekly surrogate for the health of the jobs market […]

 

Housing Starts up but Still at Low Level

MBA Mortgage Applications (week ended 4/11/2014) – Purchase Index Week/Week +1.0%. Previous weeks were +3.0%, +1.0%, +3.0%, -1.0%, -1.0%, +9.0%, -4.0%, -6.0%, -5.0%, -4.0%, +2.0%, and -4.0%. – Refinance Index Week/Week +7.0%. Previous weeks were -5.0%, -3.0%, -8.0%, -1.0%, -3.0%, +10.0%, -11.0%, -3.0%, -0.2%, +3.0%, and -2.0%. – Composite Index Week/Week +4.3%. Previous weeks were […]

 

Inflation up. Chain Store Sales down.

Consumer Price Index (March 2014) – CPI month/month +0.2%. Previous was +0.1% – CPI year/year +1.5%. Previous was +1.1% – CPI core (less food & energy) month/month +0.2%. Previous was +0.1% – CPI core (less food & energy) year/year +1.6%. Previous was +1.6%. This data is seasonally adjusted. The move up in inflation is of […]

 

Retail Sales up.

Retail Sales (March 2014) – Retail Sales month/month +1.%. Previous was +0.7% – Retail Sales less autos month/month +0.7%. Previous was +0.3% – Less Autos & Gas month/month +1.0 %. Previous was +0.3%. This is positive for 1stQ2014GDP.  Some of the gain may be due to delayed buying consequent to the bad winter weather the […]

 

Lowest Initial Jobless since May 2007

Initial Jobless Claims (week ended 4/5/2014) – New Claims (seasonally adjusted) 300,000. Previous was 332,000 – 4-week Moving Average 316,250.  Previous was 321,000. – New Claims (unadjusted) totaled 298,393 in the week ending April 5, an increase of 3,531 from the previous week. The last time initial claims were this low was May 12, 2007 […]

 

Purchase Applications up week/week but down year/year.

MBA Mortgage Applications (week ended 4/4/2014) – Purchase Index Week/Week +3.0%. Previous weeks were +1.0%, +3.0%, -1.0%, -1.0%, +9.0%, -4.0%, -6.0%, -5.0%, -4.0%, +2.0%, -4.0%, and +12.0%. – Refinance Index Week/Week -5.0%. Previous weeks were -3.0%, -8.0%, -1.0%, -3.0%, +10.0%, -11.0%, -3.0%, -0.2%, +3.0%, -2.0%, and +10.0%. – Composite Index Week/Week -1.6%. Previous weeks were […]

 
 
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