October’s job openings & labor turnover; September’s trade deficit and wholesale sales
Delayed economic reports released last week included the Job Openings and Labor Turnover Survey (JOLTS) for October from the Bureau of Labor Statistics, the Commerce Department’s report on our International Trade for September , and the September report on Wholesale Trade, Sales and Inventories from the Census Bureau….in addition, late last week the Fed released regularly scheduled Consumer Credit Report for October , which indicated that overall consumer credit, a measure of non-real estate debt, expanded by a seasonally adjusted $9.2 billion, or at a 2.2% annual rate, as non-revolving credit outstanding expanded at a 1.2% rate to $3,767.3 billion, while revolving credit outstanding grew at a 4.9% rate to $1,316.8 billion…. The major private report released last week was the Mortgage Monitor for December , which now comes from the Mortgage Technology unit of ICE, and which indicated that 3.34% of all mortgages were delinquent in October, down from 3.41% in September, and down f...