Initial Jobless Claims (week ended 4/10/2021)

- Initial Claims seasonally adjusted  576,000. Previous was 769,000

- Initial Claims  unadjusted, totaled 612,919  a decrease of 152,833 from previous 

- 4-Week Moving Average seasonally adjusted  683,000. Previous was  730,250

Total receiving regular state UI decreased by 73,855

Total receiving Pandemic UI decreased by 500,715 

Total receiving Emergency Pandemic UI increased by 474,700 

The total receiving any Unemployment Benefit was 16,934,061  a decrease of 1,235,856 

This is the lowest level for initial claims since March 14, 2020 when it was 256,000

Source:  Labor Department  Details:   https://www.dol.gov/ui/data.pdf

 

Retail Sales  (March 2021)

- Retail Sales month/month  +9.8%. Previous was -2.7%

- Ex-Vehicles month/month  +8.4%. Previous was -2.5%

- Ex-Vehicles & Gas month/month  +8.2%   Previous was -3.1%

Retail Sales is the largest component of 1st Q 20201 GDP.  This data is seasonally adjusted but not inflation adjusted.

Source:  Census  Details:  https://www.census.gov/retail/marts/www/marts_current.pdf

 

Business Inventories (February 2021)

- Inventories month/month  +0.5%. Previous was +0.3%.

This is a component of 1stQ 2021 GDP.

Source:  Census   Details: https://www.census.gov/mtis/www/data/pdf/mtis_current.pdf

 

Housing Market Index (April 2021)

- Index  83.  Previous was  82.

This is based on a survey conducted by the National Association of Home Builders.  The survey asks 1) how's business and 2) how do you think the economy in general is doing.

 

Industrial Production  (March 2021)

- Industrial Production month/month +1.4%.    Previous was -2.6%.

- Manufacturing Output month/month  +2.7% . Previous was  -3.7%

- Capacity Utilization Rate        74.4%. Previous was 73.4%

- Industrial Production year/year +1.0%

The supply side reawakens.

Source:  Federal Reserve  Details: https://www.federalreserve.gov/releases/g17/current/g17.pdf