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Showing posts with the label unemployment

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...

November’s jobs, consumer prices, and existing home sales; October’s retail sales; September’s business inventories, et al

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Major shutdown-delayed reports that were released last week included the Employment Situation Summary for November and the November Consumer Price Index , both from the Bureau of Labor Statistics and both reporting after their October reports were cancelled, and the Retail Sales Report for October and the associated Business Sales and Inventories Report for September , both from the Census Bureau...in addition, the week also saw the Existing Home Sales Report for November from the National Association of Realtors (NAR), which was on its usual schedule… This week also saw the release of the first three regional manufacturing survey for December; the Empire State Manufacturing Survey from the New York Fed, which covers all of New York state, an adjacent county in Connecticut, Puerto Rico and northern New Jersey, reported their headline general business conditions index fell to -3.9 in December, down from +18.7 in November, meaning that a plurality of Second District manufacturers a...

June’s jobs report; May’s trade deficit, construction spending, factory inventories, and JOLTS

This week’s major agency issued economic releases included the Employment Situation Summary for June and the Job Openings and Labor Turnover Survey (JOLTS) for May, both from the Bureau of Labor Statistics, and three May reports that will input data into 2nd quarter GDP: the BEA’s report on our International Trade for May , and the May report on Construction Spending and the Full Report on Manufacturers’ Shipments, Inventories and Orders for May , both from the Census Bureau… Privately issued reports released this week included the ADP Employment Report for June , wherein the national payroll processor reported a 33,000 job decrease in May, the light vehicle sales report for June from Wards Automotive, which is the source data for the BEA report, and which estimated that vehicles sold at a 15.34 million seasonally adjusted annual rate in June, down from the 15.65 million annual sales rate in May, but up from the 15.29 million annual rate in June of 2024, and both of the widely fo...