U.S. Initial Jobless Claims At 417.000; Up 5.000
Initial jobless claims in the U.S. were reported at 417.000 vs. 405.000 consensus and last week revised (up 4.000) reading of 412.000.
Archive for the ‘U.S. Economic Data’ Category
July Chicago Fed National Activity Index At -0.06
Chicago Fed National Activity Index for July was reported at -0.06 vs. revised June reading of -0.38. Chicago Fed National Activity Index 3-month moving average is at -0.3.
U.S. Initial Jobless Claims At 408.000; Up 9.000
Initial jobless claims in the U.S. were reported at 408.000 vs. 405.000 consensus and last week revised (up 4.000) reading of 399.000.
U.S. Consumer Price Index Rose 0.5% In July
U.S. consumer price index rose 0.5% in July vs. 0.2% consensus and June reading of -0.2%. On year level CPI inflation is running at 3.6%.
U.S. Producer Price Index Rose 0.2% In July
U.S. producer price index rose 0.2% in July vs. 0.1% consensus. June reading was at -0.4%. On year level PPI is up 7.2%.
August University of Michigan Consumer Sentiment Preliminary Reading At 54.9
March University of Michigan Consumer Sentiment preliminary reading was reported at 54.9 vs. 62.0 consensus and 63.7 July reading.
U.S. Retail Sales Rose 0.5% In July
U.S. retail sales were reported up 0.5% in July vs. 0.5% consensus. June reading was at 0.3% (revised from 0.1%). On year level retail sales are up 8.5%.
FOMC Statement – August 9, 2011
Most important sentence: “The Committee currently anticipates that economic conditions–including low rates of resource utilization and a subdued outlook for inflation over the medium run–are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013.” Economic growth so far this year has been considerably slower than the Committee had expected.
Three dissenters!!!
July Nonfarm Payrolls Rose117.000; Private Payrolls Up 154.000; Unemployment Rate At 9.1%
Nonfarm payrolls rose 117.000 in July; Consensus was at 75.000; June reading was an increase of 18.000. The unemployment was reported at 9.1% vs. prior reading and consensus of 9.2%.
Private payrolls were up 154.000 vs. 108.000 consensus and 57.000 reading in March.
By all means this is not a strong report, but is much, much better than feared.
U.S. Initial Jobless Claims At 400.000; Down 1.000
Initial jobless claims in the U.S. were reported at 400.000 vs. 405.000 consensus and last week revised (up 3.000) reading of 401.000.
U.S. Motor Vehicle Sales Rose 6.9% In July
U.S. total motor vehicle sales rose 6.9% to 12.2 million SAAR in July. On year level motor vehicle sales are up 5.4%.
ADP Employment Rose 114,000 In July
ADP Employment rose 114,000 in July vs. revised (down 12,000) gain of 145,000 in June.
Challenger Job-Cuts For July At 66,414
Challenger’s count of layoff announcements was reported at 66,414 in July vs. 41,432 in June.
U.S. Personal Income Rose 0.1% In June; U.S. Consumer Spending Fell 0.2%
U.S. personal income rose 0.1% in June vs. 0.2% consensus and 0.2% rise in May (revised down 0.1%). On y-o-y level personal income is up 5.0%.
U.S. consumer spending fell 0.2% in June vs. 0.1% consensus and 0.1% May reading (revised up 0.1%). On y-o-y level consumer spending is up 4.4%.
U.S. Construction Spending Rose 0.2% In June
U.S. construction spending rose 0.2% In June vs. 0.1% consensus and 0.3% gain (revised from 0.6% fall) in May. On year level we are at -4.7%.