July 7, 2022

Challenger Job-Cut Report  (June 2022)

- Announced layoffs   32,517.    Previous was  20,712. 

Source: Challenger, Gray & Christmas

 

Trade Deficit  (May 2022)

- Deficit $85.5 billion.  Previous was $86.7 billion.

This is a component of 2ndQ GDP.

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

 

Initial Jobless Claims (week ended 7/2/2022)

- Initial Claims seasonally adjusted 235,00. Previous was 231,000

- Initial Claims,   unadjusted, totaled totaled 219,507 in the week ending July 2, an increase of 11,919 (or 5.7 percent) from the previous week. 

- 4-Week Moving Average seasonally adjusted  232,500. Previous was  231,750

Numbers below are for the week ended 6/18

Total receiving regular state UI increased by 12,535

Total receiving any UI increased by 13,570

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