February 3, 2022

Challenger Job-Cut Report  (January 2022)

- Announced layoffs       19,064. Previous was  19,052 

Source: Challenger, Gray & Christmas

 

Initial Jobless Claims (week ended 1/292/2022)

- Initial Claims seasonally adjusted  238,000. Previous was 261,000

- Initial Claims  unadjusted, totaled 257,002 in the week ending January 29, a decrease of 11,728 (or -4.4 percent) from the previous week.

- 4-Week Moving Average seasonally adjusted  255,000. Previous was  247,250

Numbers below are for the week ended 1/15:

Total receiving regular state UI decreased by 63,461

Total receiving any UI decreased by 73,205 

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

 

Productivity and Costs (4thQ 2021)

- Nonfarm Productivity - Annual Rate    6.6%. Previous was -5.0%

- Unit Labor Costs - Annual Rate    -0.3%. Previous was 9.3%

Source:  BLS   Details: https://www.bls.gov/news.release/prod2.nr0.htm

 

PMI Composite Final  (January 2022)

- Composite  51.1. 

- Services      51.2. 

Source:  Markit Economics

 

ISM Services Index (January 2022)

- Index   59.9. Previous was 52.0.

Source:  Institute for Supply Management   Details:  https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/services/january/