Author Archive

Industrial Production could Reflect Retooloing.

Industrial Production (August 2014) – Production month/month  -0.1%. Previous was revised down to +0.2% – Capacity Utilization Rate  78.8%. Previous was 79.3% – Manufacturing month/month  -0.4%. Previous was revised down to +0.7%. At this time of the year these numbers are less meaningful because they may only reflect the schedules of the retooling of automobile […]

GDP Components up. Inflation Contained.

Retail Sales (August 2014) – Retail Sales month/month +0.6%. Previous was revised up from +0.0% to +0.3% – Retail Sales less autos month/month +0.3%. Previous was revised up from +0.1% to +0.3% – Less Autos & Gas month/month +0.5%.  Previous was revised up from +0.1% to +0.3%. This is indicative of continued GDP growth.  Retail […]

Initial Jobless at 2 month High but still Are Low.

Jobless Claims (week ended 9/6/2014) – Initial Claims (seasonally adjusted) 315,000. Previous was 304,000 – Initial Claims (unadjusted) were 234,403, a decrease of 15,377 from the previous week – 4-week Moving Average (seasonally adjusted)  304,000.  Previous was 302,250. While Initial Jobless Claims are moving up and at a 2 month high they are still low.

Mortgage Applications and Wholesale Inventories Weak.

MBA Purchase Applications (week ended 9/5/2014) – Purchase Index Week/Week -3.0%. Previous weeks were -2.0%, +3.0%, -0.4%, -1.0%, -1.0%. +0.2%, +0.3%, -8.0%, +4.0%, -1.0%, -1.0%, and -5.2%. – Refinance Index Week/Week -11.0%. Previous weeks were +1.0%, +3.0%, +3.0%, -4.0%, +4.0%, -4.0%, +4.0%, -0.1%, +0.4%, +0.1%, and -1.0%. – Composite Index Week/Week -7.2%. Previous weeks were […]

Job Openings Plateau but Still Strong.

ICSC-Goldman Store Sales (week ended 9/6/2014) – Store Sales week/week +0.7%. Previous was +0.0% – Store Sales year/year +4.0%. Previous was +4.8%   Redbook (week ended 9/6/2014) – Store Sales year/year +4.9%. Previous was +4.9%.   JOLTS  (July 2014) JOLTS is an acronym for Job Openings and Labor Turnover Survey – Job Openings 4,673,000. Previous […]

Inside the BLS Employment Situation Report

This is my monthly look inside the BLS Employment Situation Report. There are two BLS Surveys: the Establishment and the Household. Establishment surveys about 141,000 businesses and government agencies, representing approximately 486,000 individual worksites. It is taken each month during the week which includes the 12th of the month. Household is a survey of 60,000 […]

Another Disappointing Jobs Report.

BLS Employment Situation Report (August 2014) – Non-farm Jobs +142,000. Previous was 212,000 – Unemployment Rate 6.2%. Previous was 6.1% – Labor Participation Rate 62.8%.  Previous was 62.9%.  64,000 people left the Labor Force – Part-time Jobs were -234,000 – Average Earnings were $24.53 up from $24.47  

Signs of Modest Jobs Growth.

Challenger Job-Cut Report (August 2014) – Announced layoffs 40,010. Previous was 46,887   ADP Employment Report (August 2014) – Private Jobs 204,000.  Previous revised down to 212,000.   Trade Deficit (July 2014) – Trade Deficit  $40.5 billion.  Previous was $40.8 billion. Both exports and imports were up.   Initial Jobless Claims (week ended 8/30/2014) – […]

Purchase Mortgage Applications Remain Weak.

MBA Purchase Applications (week ended 8/29/2014) – Purchase Index Week/Week -2.0%. Previous weeks were +3.0%, -0.4%, -1.0%, -1.0%. +0.2%, +0.3%, -8.0%, +4.0%, -1.0%, -1.0%. -5.2%, and +9.0%. – Refinance Index Week/Week +1.0%. Previous weeks were +3.0%, +3.0%, -4.0%, +4.0%, -4.0%, +4.0%, -0.1%, +0.4%, +0.1%, -1.0%, and -13.0%. – Composite Index Week/Week +0.2%. Previous weeks were […]

Manufacturing, Construction Spending up.

PMI Manufacturing Index (August 2014) – Index level 57.9. Previous was 55.8. This is a survey index generated by Markit. ISM Manufacturing Index (August 2014) – Index level 59.0. Previous was 57.1 This is another survey index taken by ISM. Construction Spending (July 2014) – Construction Spending month/month +1.8%.  Previous was -0.9%.

 
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