Mortgage Applications (week ending 8/26)
Purchase Index - Week/Week Change +0.9 %
Refinance Index - Week/Week Change -12.2 %
Composite Index - Week/Week Change -9.6 %
The increase in the purchase index is good news for the huisng sector which is in serious need of good news. The refi index is rate sensitive and next week will probably show an increase for this week.
ADP Private Sector Jobs was +91,000 for August.
This is a graph of ADP vs. BLS Jobs. BLS is this Friday.
Challenger Jobs Cuts
This is a report of announced jobs cuts at large companies. Announced layoffs in August were 51,114, down from July's 66,414.
Factory Orders - Month/Month change +2.4%. This is largely about recovery in the auto sector.
ISM - Chicago
The Institute for Supply Management business barometer index for the Chicago area was 56.5 for August down from 58.8.