Private Jobs +208,000

MBA Purchase Applications (week ended 11/28/2014)

– Purchase Index Week/Week +3.0% Previous weeks were -10.0%, +12.0%, +1.0%, +3.0%, -5.0%, -5.0%, -1.0%, +2.0%, +0.0%, -0.3%, +5.0%, and -3.0%.

– Refinance Index Week/Week -13%. Previous weeks were -4.0%, -6.0%, -11.0% -6.0%, -7.0%, +23.0%, +11.0%, +5.0%, -0.3%, -7.0%, and +10.0%.

– Composite Index Week/Week -7.3%. Previous weeks were -4.3%, +4.9%, -0.9%, -2.6%, -6.6%, +11.6%, -5.6%, +3.8%, -0.2%, -4.1%, and +7.9%.

Since that was a short week, this data has little value.

 
ADP Employment Report (November 2014)

– Private Jobs +208,000. Previous was 233,000.

 

Worker Productivity and Costs (3rdQ2014)

– Nonfarm productivity quarter/quarter (seasonally adjusted, annualized) +2.3%. Previous was +2.0%
– Unit labor costs quarter/quarter (seasonally adjusted, annualized) -1.0%. Previous was +0.3%.

Productivity measures GDP/hours worked.

 
PMI Services Index (November 2014)
– Index level 56.2. Previous was 57.1.

 

ISM Non-Manufacturing Index (November 2014)

– Composite Index Level  59.3. Previous was 57.1