THE BASIS POINT

Wholesale Component of GDP up.

 

Wholesale Trade  (April 2014)

-Inventories month/month +1.1%.  Previous was +0.7%.

This is important because it is a GDP component.  We had seen decreasing inventories as a response to consumer demand being less than anticipated. This represents increase business optimism but it is ultimately consumer spending which drives the entire economy.

JOLTS (Job Openings and Labor Turnover Survey) (March 2014)

– Job Openings 4,014,000. Previous was 4,125,000.

This is the Labor Department report of available jobs.  These can be full or part time or even seasonal.

 

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