BLS Employment Situation Report (June 2022)

Nonfarm Payrolls month/month 372,000. Previous was 384,000

- Unemployment Rate 3.6%. Previous was 3.6%

- Private Payrolls - month/month 381,000. Previous was 384,000

- Manufacturing Payrolls month/month 29,000. Previous was 18,000

- Labor Participation Rate 62.2 %. Previous was 62.3%

- Average Hourly Earnings month/month 0.3%. Previous was 0.4%

- Average Hourly Earnings year/year 5.1%. Previous was 5.3%

- Average Workweek 34.5 hours. Previous was 34.5 hours

Revisions to April and May subtracted 72,000 jobs.

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

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

MBA Mortgage Applications (week ended (7/1//2022)

- Purchase Index week/week -4.3%, Previous weeks were +0.1% , +7.9%, 8.1%, 7.1%, -0.6%, +0.2%., -11.9%, +4.8%, 4.1%, -8% , -3.0%, +1.0%, -3.0%., +1.0%, -2.0%, 1.0%, +9.0%, and -2.0%

- Refinance Index week/week -7.7%+1.9%.  Previous weeks  were +1.9%.  , -3.1%, 3.7%. 5.6%,  -5.4%, -3.9%, +0.2%., -9.5%,  2.0%,  0.2%, -9%, -8%, -5.0%, -10.0%., -15.0%, -14.0%, -3.0%, and +9.0%

- Composite Index week/week -5.4%, Previous weeks were +0.7%.  , +4.2%. 6.6%,  -6.5%, -2.3%, -1.2% , -11.0%, +2.0%, 2.5%, -8.3%, -5.0%, -1.3%, -6.3%., -6.8%, -14.0%, -1.2%, 8.5%, and -0.7%.

Source:  MBA, Details: https://www.mba.org/news-and-research/newsroom/news/2022/07/06/mortgage-applications-decrease-in-latest-mba-weekly-survey

 

JOLTS  (May 2022)

- Job Openings 11,254,000.  Previous was 11,681,000.

Source:  BLS  Details: https://www.bls.gov/news.release/pdf/jolts.pdf

 

July 5, 2022

Factory Orders (May 2022)

- Month over Month 1.6%. Previous was  +0.3%.

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

 

July 1, 2022

PMI Manufacturing Final (June 2022)

- Index 52.7

A survey index from the supply side.

Source:  Markit Economics

 

Construction Spending  (May  2022)

- Month over Month    -0.1%. Previous was +0.8%

- Year over Year 9.7%.

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

 

ISM Manufacturing Index  (June 2022)

- Index 53.0. Previous was 56.1

Source:  Institute for Supply Management