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Showing posts with the label jobs

May’s jobs report, construction spending, factory inventories and JOLTS

Last week’s major economic releases included both of the major monthly employment reports: the Employment Situation Summary for May and the Job Openings and Labor Turnover Survey (JOLTS) for April, both from the Bureau of Labor Statistics, in addition to the April report on Construction Spending (pdf), and the Full Report on Manufacturers’ Shipments, Inventories and Orders for April , with both of those from the Census Bureau.…in addition, late on Friday the Fed released the Consumer Credit Report for April , which showed that overall consumer credit, a measure of non-real estate personal debt, expanded by a seasonally adjusted $20.7 billion, or at a 4.8% annual rate, as non-revolving credit expanded at a 2.9% rate to $3,804.4 billion while revolving credit outstanding grew at a 10.4% rate to $1,348.7 billion…… Privately issued reports released last week included the ADP Employment Report for May , wherein the national payroll processor reported a 122,000 increase in private jobs in...

April’s jobs report; March’s trade deficit, construction spending, new home sales, factory inventories, wholesale inventories, and JOLTS

Major economic reports released last week included the Employment Situation Summary for April and the Job Openings and Labor Turnover Survey (JOLTS) for March, both from the Bureau of Labor Statistics, the Commerce Department’s report on our international trade in goods and services for March , and the March report on Construction Spending (pdf), the March report on new home sales , the Full Report on Manufacturers’ Shipments, Inventories and Orders for March , and the Wholesale Trade, Sales and Inventories report for March , all from the Census Bureau….in addition, the Fed released the Consumer Credit Report for March on Thursday of this week, which indicated that overall consumer credit, a measure of non-real estate debt, had grown by a seasonally adjusted $24.8 billion in March, or at a 5.8% annual rate, as non-revolving credit expanded at a 2.7% annual rate to $3,682.2 billion, while revolving credit outstanding grew at a 9.1% rate to $1,337.0 billion…for the first quarter of 2...

February’s jobs, January’s retail sales, December’s business inventories, et al

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Last week’s major releases included the Employment Situation Summary for February from the Bureau of Labor Statistics, and the Retail Sales Report for January and the Business Sales and Inventories Report for December from the Census Bureau….in addition, the Fed released the Consumer Credit Report for January , which showed that overall consumer credit, a measure of non-real estate debt, grew by a seasonally adjusted $8.1 billion, or at a 1.9% annual rate, as non-revolving credit expanded at a 1.1% annual rate to $3,782.4 billion, while revolving credit outstanding grew at 4.3% rate to $1,329.0 billion… The week’s privately issued reports included the ADP Employment Report for February , wherein the national payroll processor estimated that private employers added 63,000 jobs in February, the light vehicle sales report for February from Wards Automotive , which estimated that vehicles sold at a 15.8 million annual rate in February, up from the 14.85 million annual rate in January, b...

January’s jobs, consumer prices and existing home sales; December’s retail sales; November’s business inventories

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Major economic releases from last week included the Employment Situation Summary for January , the January Consumer Price Index , and the December Import-Export Price Index , all from the Bureau of Labor Statistics, the Advance Retail Sales Report for December and the accompanying Business Sales and Inventories report for November , both from the Census Bureau, and the Existing Home Sales Report for January from the National Association of Realtors (NAR)… Employers Added 130,000 Jobs in January after Big Downward Revisions to 2025 Stats, Unemployment Rate at 4.3% The Employment Situation Summary for January from the Bureau of Labor Statistics indicated an increase in payroll jobs that was double what had been forecast for the month, while the unemployment rate fell to 4.3% as labor force participation increased…Estimates extrapolated from the seasonally adjusted establishment survey data projected that employers added 130,000 jobs in January, after the previously estimated pay...