March 3, 2022

Challenger Job-Cut Report  (February 2022)

- Announced layoffs       15,245064. Previous was  19,064 

Source: Challenger, Gray & Christmas

 

Initial Jobless Claims (week ended 2/26/2022)

- Initial Claims seasonally adjusted  216,000. Previous was 233,000

- Initial Claims  unadjusted, totaled  1 94,693 in the  week  ending February 26, a  decrease of  21,285 (or of  2,985 (or -- 9.9 percent)  from  the previous  week.

- 4-Week Moving Average seasonally adjusted  230,500. Previous was  236,250

Numbers below are for the week ended 2/12:

Total receiving regular state UI decreased by 60,522

Total receiving any UI decreased by 62,625

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 0.3%

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

 

PMI Composite Final  (February 2022)

- Composite  55.9. 

- Services      56.5. 

Source:  Markit Economics

Factory Orders (January 2022)

- Month over Month +1.4% . Previous was +0.7%.

Source:  Census  Details:  https://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf