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Single Family Housing Starts Stagnant.

Housing Starts  (July 2015) – Starts seasonally adjusted, annualized   1,206,000. Previous was 1,204,000 – Permits seasonally adjusted, annualized  1,119,000. Previous was 1,337,000. Housing Starts are in units. Single family housing starts are up only 1.1% year on year. Redbook Chain Store Sales (week ended 8/15/2015) – Chain Store Sales year/year +1.6%. Previous was +1.9%.

 

Homebuilders Confident.

Empire State Manufacturing Survey (August 2015) – General Business Conditions Index -14.92.  Previous was +2.86.  This is the worst reading since April 2009. This is a piece of data which is a relic of when New York State was important to manufacturing. Housing Market Index (August 2015) – Housing Market Index 61.  Previous was 60. […]

 

Inflation Contained. Sun Rose in East.

PPI-FD  (July 2015) – PPI-FD month/month +0.2%. Previous was +0.4% – PPI-FD year/year -0.8%. Previous was -0.7% – PPI-FD core (less food & energy) month/month  +0.3%. Previous was +0.3% – PPI-FD core (less food & energy) year/year  +0.6%. Previous was +0.8% – PPI-FD core (less food, energy & trade services) month/month  +0.2%. Previous was +0.3% […]

 

Retail Sales/ Inventories Indicate GDP Growth.

Initial Jobless Claims (week ended 8/8/2015) – New Claims seasonally adjusted 274,000. Previous was 269,000 – New Claims unadjusted, totaled 239,899 an increase of 15,795 from previous – 4-week Moving Average seasonally adjusted 266,250. Previous was 268,000.     Retail Sales (July 2015) – Retail Sales month/month +0.6%. Previous was +0.0% – Retail Sales less […]

 

Purchase Applications +20% year over year.

MBA Mortgage Applications (week ended 8/7/2015) – Purchase Index Week/Week -4.0%. Previous weeks were +3.0%, +0.8%, -0.1%, +1.0%, -8.0%, +7.0%, -4.0%, +1.0%. -4.0%, +10.0%, -3.0%, +1.0%, -4.0%, and -0.2%. – Refinance Index Week/Week +3.0%. Previous weeks were +6.0%, +2.0%, -1.0%, +4.0%, +3.0%, -5.0%, +2.0%, -7.0%, +7.0%, -12.0%, -4.0%, and +0.3%. – Composite Index Week/Week -0.1%. […]

 

Productivity up but Still Lagging.

Productivity and Costs (2ndQ2015) – Nonfarm productivity quarter/quarter, seasonally adjusted annualized   +1.3%. Previous was -1.1%. – Unit labor costs quarter/quarter, seasonally adjusted annualized   +0.5%. Previous was +2.3%. Productivity is GDP/hours worked.  This is a piece of data which one would expect to be rising due to technology.  Instead it has been remarkably stagnant for about […]

 

Labor Market Still Soft.

Labor Market Conditions Index  (July 2015) – Level 1.1.  Previous was 1.4. This is an index calculated by the Federal Reserve which blends together 19 statistics about the labor market- details here to produce an index indicating its health. This indicates a much softer labor market than one judged only by the Unemployment rate.

 

Mediocre BLS likely OK with Fed.

BLS Employment Situation Report (July 2015)   – Nonfarm Payrolls month/month   215,000. With revisions to 2 previous months the total was 229,000 – Unemployment Rate 5.3%. Previous was  5.3% – Labor Participation Rate  62.6%. Previous was 62.6% – Average Hourly Earnings month/month 0.2%. Previous was +0.0% – Average Workweek   34.6 hours. Previous was 34.5 hours. […]

 

Job Growth Slowing?

Challenger Job-Cut Report  (July 2015) – Announced Layoffs  105,696. Previous was 44,842. The spike is due to the U.A. Army’s announcement that they were cutting 57,000 jobs over the next two years. Initial Jobless Claims (week ended 8/2/2015) – New Claims  seasonally adjusted 270,000. Previous was 267,000 – New Claims  totaled 225,090 a decrease of […]

 

Private Jobs Disappoint.

MBA Mortgage Applications (week ended 7/32/2015) – Purchase Index Week/Week +3.0%. Previous weeks were +0.8%, -0.1%, +1.0%, -8.0%, +7.0%, -4.0%, +1.0%. -4.0%, +10.0%, -3.0%, +1.0%, -4.0%, -0.2%, and +1.0%. – Refinance Index Week/Week +6.0%. Previous weeks were +2.0%, -1.0%, +4.0%, +3.0%, -5.0%, +2.0%, -7.0%, +7.0%, -12.0%, -4.0%, +0.3%, and -6.0%. – Composite Index Week/Week +0.8%. […]

 
 
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