The Latest rss

Purchase Applications up Slightly.

MBA Mortgage Applications (week ended 5/6/2016) – Purchase Index Week/Week +0.4%. Previous weeks were +1.0%, -2.0%, -1.0%, +8.0%, -2.0%, +2.0%, -1.0%, +0.3%, +4.0%, -1.0%, +2.0%, -4.0%, and +0.2%. – Refinance Index Week/Week +0.5%. Previous weeks were -6.0%, -5.0%, +3.0%. +11.0%, +7.0%, -3.0%, -5.0%, -6.0%, -2.0%, -7.0%, -8.0%, +16.0%, and +16.0%. – Composite Index Week/Week +0.4%. […]

 

Fundamentals Show Modest Improvements.

NFIB Small Business Optimism Index (April 2016) – Index level 93.6. Previous was 92.6.     Redbook Chain Store Sales (week ended 5/7/2016) – Store Sales year/year +1.1%. Previous was +0.6%.     JOLTS  (March 2016) – Job Openings 5,757,000. Previous was 5,608,000. The JOLTS report is the Labor Department’s Job Openings and Labor Turnover […]

 

Fed’s Labor Market Indicator Negative again.

Labor Market Conditions Index (April 2016) – Level -0.9.  Previous was -2.1. This is an index generated by the Fed which takes into account 19 labor market indicators.  The jobs market was never as healthy as the media was pretending.  This datum and last Friday’s BLS report indicate this.  We had decent jobs gains but […]

 

Weak Jobs Report Reflects Weak GDP Growth.

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. […]

 

April Job Gains down Reflecting Weak GDP Growth.

BLS Employment Situation Report (April 2016) – Nonfarm Payrolls month/month 160,000. Previous was lowered to 208,000 – Unemployment Rate 5.0%. Previous was 5.0% – Private Payrolls month/month  171,000. Previous was 184,000 – Participation Rate    62.8%. Previous was 63.0% – Average Hourly Earnings month/month +0.3%. Previous was +0.2% – Average Workweek – All Employees  34.5 hours. […]

 

Initial Jobless Claims up.

Initial Jobless Claims  (week ended 4/30/2016) – New Claims seasonally adjusted 274,000. Previous was 257,000 – New Claims unadjusted, totaled 243,365 a decrease of 1,675from previous – 4-week Moving Average seasonally adjusted  258,000. Previous was 256,000 This is the largest week-over-week increase in 16 months.  This will be an issue if this keeps increasing.   […]

 

Private Job Gains Weaker.

MBA Mortgage Applications (week ended 4/29/2016) – Purchase Index Week/Week +1.0%. Previous weeks were -2.0%, -1.0%, +8.0%, -2.0%, +2.0%, -1.0%, +0.3%, +4.0%, -1.0%, +2.0%, -4.0%, +0.2%, and -7.0%. – Refinance Index Week/Week -6.0%. Previous weeks were -5.0%, +3.0%. +11.0%, +7.0%, -3.0%, -5.0%, -6.0%, -2.0%, -7.0%, -8.0%, +16.0%, +16.0%, and +0.3%. – Composite Index Week/Week -3.4%. […]

 

Consumer Confidence Waning?

Gallup Economic Confidence Index (April 2016) – Index level -14. This is a survey index.  It is supposed to be a leading indicator of Consumer Spending.   Redbook Chain Store Sales (week ended 4/30/2016) – Store Sales year/year +0.6%. Previous was +0.8%.

 

Manufacturing Growth Slows.

PMI Manufacturing Index  (April 2016) – Index Level  50.8. Previous was 51.5 Manufacturing remain soft. ISM Manufacturing Index  (April 2016) – ISM Index 50.8. Previous was 51.8 Growth but at a slower pace.   Construction Spending  (March 2016) – Construction Spending month/month +0.3%. Previous was revised from -0.5% to +1.0% – Construction Spending year/year  +8.0% […]

 

People Making more but not Spending more.

Personal Income & Spending (March 2016) – Personal Income +0.4%.  Previous was +0.2% – Personal Spending +0.0%.  Previous was +0.2%. People are making more but not spending more.  This is likely a sector based thing.   Employment Cost Index (1stQ 2016) – Index +0.6%. Previous was +0.6%. This measures wages/salaries and benefits.   University of […]

 
 
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