Private Jobs Continue Rising.
MBA Mortgage Applications (week ended 9/25/2015)
– Purchase Index Week/Week -6.0%. Previous weeks were +9.0%, -4.0%, -1.0%, +4.0%, +2.0%, -1.0%, -4.0%, +3.0%, +0.8%, -0.1%, +1.0%, -8.0%, and +7.0%.
– Refinance Index Week/Week -8.0%. Previous weeks were +18.0%, -9.0%, -10.0%, +17.0%, -1.0%, +7.0%, +3.0%, +6.0%, +2.0%, -1.0%, +4.0%, and +3.0%.
– Composite Index Week/Week -6.7%. Previous weeks were +13.9%, -7.0%, -6.2%, +11.3%, +0.2%, +3.6%, -0.1%, +0.8%, -1.9%, +4.6%, -4.7%, and +1.6%.
Comparison with the previous week is skewed by the fact that the previous week was fattened because it occurred after a 4-day work week. Purchase applications year/year +20.0%.
ADP Private Jobs (September 2015)
– Private Jobs +200,000. Previous was +186,000.
Chicago PMI (September 2015)
– Business Barometer Index 48.8. Previous was 54.4.
This is a survey index of Purchasing Managers the Chicago area.