April 12, 2022

NFIB Small Business Optimism Index (March 2022)

- Index  93.2.   Previous was 95.7. 

This is a survey index from National Federation of Independent Business (NFIB) of its members. This is important because it is small businesses which create most jobs.

Details: https://www.nfib.com/content/press-release/economy/inflation-overtakes-labor-quality-as-top-business-problem-for-small-businesses/

 

CPI (March 2022)

- CPI month/month, seasonally adjusted  +1.2% . Previous was 0.9%

- CPI year/year not seasonally adjusted   8.5%. Previous was 7.9%.

- Ex-Food & Energy month/month, seasonally adjusted  +0.3%. Previous was +0.5%

- Ex-Food & Energy not seasonally adjusted   year/year  6.5%. Previous was 6.4%

Source:  BLS  Details: https://www.bls.gov/news.release/cpi.toc.htm

 

April 8, 2022

Wholesale Inventories (February 2022)

- Month over Month +2.5%. Previous was 1.2%

This is a component of 1stQ GDP.

Source:  Census:.  Details: https://www.census.gov/wholesale/pdf/mwts/currentwhl.pdf

 

April 7, 2022

Initial Jobless Claims (week ended 4/2/2022)

- Initial Claims seasonally adjusted 166,000. Previous was 171,000

- Initial Claims   unadjusted, totaled 193,137, a decrease of 3,674 (or 93,137 in the week ending April 1.9 percent) from the previous week

- 4-Week Moving Average seasonally adjusted  170,000. Previous was  178,000

Numbers below are for the week ended 3/19:

Total receiving regular state UI decreased by 50,868 

Total receiving any UI decreased by 52,806

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

April 7, 2022

Initial Jobless Claims (week ended 4/2/2022)

- Initial Claims seasonally adjusted 166,000. Previous was 171,000

- Initial Claims   unadjusted, totaled 193,137, a decrease of 3,674 (or 93,137 in the week ending April 1.9 percent) from the previous week

- 4-Week Moving Average seasonally adjusted  170,000. Previous was  178,000

Numbers below are for the week ended 3/19:

Total receiving regular state UI decreased by 50,868 

Total receiving any UI decreased by 52,806

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

April 6, 2022

MBA Mortgage Applications (week ended 4/1/2022)

- Purchase Index week/week -3.0%. Previous weeks were +1.0%, -2.0%, 1.0%, +9.0%, -2.0%, -10.0%, -1.0%, -10.0%, +4.0%, -2.0%, 8.0%, 2.0%, -4.0% -3.3%, +1.0%, -5.0%,+5.0%, and 5.0%

- Refinance Index week/week  -10.0%. Previous weeks  were -15.0%, -14.0%, -3.0%, +9.0%, +1.0%, -16.0%, -9.0%, -7.0%,  +18.0%, -13.0%, -3.0%, -0.1%, -2.0%, +2.2%,-6.0%,  +9.0%, 15.0%, and +0.4%,  and -5.0%

- Composite Index week/week  -6.3%.  Previous weeks were -6.8%, -14.0%, -1.2%, 8.5%, -0.7%, -13.1%, -5.4%, -8.1%, +4.0%, -7.1%, 2.3%, +1.4%, 2.7%, -0.6%, -4.0%, +2.0%, -7.2, and +1.8%.

Source:  MBA (Mortgage Bankers Association) Details: https://www.mba.org/news-and-research/newsroom/news/2022/04/06/mortgage-applications-decrease-in-latest-mba-weekly-survey

 

April 5, 2022

Trade Deficit  (February 2022)

- Deficit $89.2 billion.  Previous was $89.2 billion.

This is a component of 1stQ GDP.

Source:  BEA  Details:  https://www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services

 

ISM Manufacturing Index  (March  2022)

- Index 58.3. Previous was 56.5

Source:  Institute for Supply Management

 

PMI Composite Final  (March 2022)

- Composite  57.7. 

- Services      58.0.

Source:  Markit Economics

 

April 4, 2022

Factory Orders (February 2022)

- Month over Month -0.5%. Previous was 1.5%.

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

April 1, 2022

BLS Employment Situation Report (March 2022)

 Nonfarm Payrolls month/month  431,000.   Previous was 750,000

- Unemployment Rate  3.6%. Previous was  3.8%

- Private Payrolls - month/month 426,000.  Previous was   739,000

- Manufacturing Payrolls month/month  38,000. Previous was   38,000

- Labor Participation Rate    62.4 %. Previous was  62.2%

- Average Hourly Earnings month/month    0.4%. Previous was  0.1%

- Average Hourly Earnings year/year    5.6%. Previous was  5.2%

- Average Workweek        34.6 hours. Previous was  34.7 hours  

Revisions to December and January added 95,000 jobs.

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

 

PMI Manufacturing Final (March 2022)

- Index 57.3. Previous was 57.8

A survey index from the supply side.

Source:  Markit Economics

 

Construction Spending  (February 2022)

- Month over Month    +0.5%. Previous was +1.3%

- Year over Year 11.2%.

Source:  Census  Details: https://www.census.gov/construction/c30/pdf/release.pdf

 

ISM Manufacturing Index  (March 2022)

- Index 57.1. Previous was 58.6

Source:  Institute for Supply Management