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Initial Jobless down but…

Initial Jobless Claims (week ended 7/5/2014) – Initial Claims (seasonally adjusted) 304,000. Previous was 315,000 – Initial Claims (unadjusted) totaled 322,248 an increase of 16,542 (or +5.4 percent) from the previous week – 4-week Moving Average 311,500 Initial Jobless Claims have been low but if we look inside last week’s BLS Employment Situation Report 288,000 […]

 

Mortgage Applications up 1st Time in 4 Weeks.

MBA Mortgage Applications (week ended 7/4/2014) – Purchase Index Week/Week +4.0%. Previous weeks were -1.0%, -1.0%. -5.2%, +9.0%, -4.0%, -1.0%, -3.0%, -1.0%, +9.0%, -4.0%, -3.0%, and +1.0%. – Refinance Index Week/Week +0.4%. Previous weeks were +0.1%, -1.0%, -13.0%, +11.0%, -3.0%, -1.0%, +4.0%, +7.0%, +2.0%, -7.0%, and -4.0%. – Composite Index Week/Week +1.9%. Previous weeks were […]

 

June BLS: 827,000 fewer people working full-time

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 […]

 

Job Openings up.

ICSC-Goldman Store Sales  (week ended 7/5/2014) – Store Sales week/week +1.7%. Previous was +1.0% – Store Sales year/year +3.3%. Previous was +4.6%   Redbook (week ended 7/5/2014) – Store Sales year/year +6.0%. Previous was +3.1%. There may have been more shopping as a hurricane approached the East Coast.   JOLTS (May 2014) This is The […]

 

95.5% on Gain in Jobs is in Part-time Jobs

BLS Employment Situation Report (June 2014) – Nonfarm Payrolls month/month  +288,000. Previous was +217,000 – Part-time Jobs +275,000.  This is 95.5% of the gain in jobs. – Labor Participation Rate 62.8%. Previous was 62.8% – Unemployment Rate 6.1%. Previous was 6.3% – Average Hourly Earnings month/month +0.2% – Average Workweek  34.5 hours A  very mediocre […]

 

Private Jobs Improve. Mortgage Applications Flat.

MBA Mortgage Applications (week ended 6/27/2014) – Purchase Index Week/Week -1.0%. Previous weeks were -1.0%. -5.2%, +9.0%, -4.0%, -1.0%, -3.0%, -1.0%, +9.0%, -4.0%, -3.0%, +1.0%, and +3.0%. – Refinance Index Week/Week +0.1%. Previous weeks were -1.0%, -13.0%, +11.0%, -3.0%, -1.0%, +4.0%, +7.0%, +2.0%, -7.0%, -4.0%, and +7.0%. – Composite Index Week/Week -0.2%. Previous weeks were […]

 

Modestly Positive Fundamentals.

ICSC-Goldman Store Sales  (week ended 6/28/2014) – Store Sales week/week +1.0%. Previous was +2.0% – Store Sales year/year +4.6%. Previous was +4.1%   Redbook  (week ended 6/28/2014) – Store Sales year/year 3.1%. Previous was 3.3% PMI Manufacturing Index  (June 2014) – Index level 57.3. Previous was 56.4.   ISM Manufacturing Index  (June 2014) – Index […]

 

Pending Home Sales up.

Pending Home Sales Index  (June 2014) – Pending Home Sales Index 103.9.  Previous was 97.8. This is from the National Association of Realtors and measures ratified sales agreements for Existing Homes. Chicago PMI (June 2014) – Business Barometer Index 62.6.  Previous was 65.5  Dallas Federal Reserve Manufacturing Survey  (June 2014) – Business Activity Index 11.4. […]

 

GDP Falls 2.94% and No One Cares

In their third estimate of the US GDP for the first quarter of 2014, the Bureau of Economic Analysis (BEA) reported that the economy was contracting at a -2.94% annualized rate. When compared to prior quarters, the new measurement is down nearly 5.6% from the 2.64% growth rate reported for the 4th quarter of 2013, […]

 

Modestly Positive Fundamentals.

Jobless Claims (week ended 6/21/2014) – New Claims  (seasonally adjusted) 312,000. Previous was 314,000 – New claims (not seasonally adjusted)  totaled 304,169 an increase of 2,832 from the previous week – 4-week Moving Average 314,250   Personal Income and Outlays – Personal Income Month/Month +0.4%. Previous was +0.3% – Consumer Spending Month/Month  +0.2%. Previous was […]

 
 
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