September 8, 2022

Initial Jobless Claims (week ended 9/3/27/2022)

- Initial Claims seasonally adjusted 222,000. Previous was 228,000

- Initial Claims,  uunadjusted, totaled 175,842 in the week ending September 3, an increase of 1,978 (or 1.1 percent) from the previous week.

- 4-Week Moving Average seasonally adjusted  233,000. Previous was  240,500

Numbers below are for the week ended 8/20

Total receiving regular state UI decreased by 23,994

Total receiving any UI decreased by 22,283

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

September 7. 2022

MBA Mortgage Applications (week ended (9/2/2022)

- Purchase Index week/week -0.7%. Previous weeks were  -1.8%, -0.5%, -0.8%, -1.4%, 1.0%, -0.8%, -7.3%, 3.6%, -4.3%, +0.1% , +7.9%, 8.1%, 7.1%, -0.6%, +0.2%., -11.9%, +4.8%, and 4.1%.

- Refinance Index week/week -1.1%.  Previous weeks  were -7.9%, -2.8%, -5.4%, 3.5%, 1.5%, 3.7%, -4.3%, 2.2%, -7.7%, +1.9%, -3.1%, 3.7%, 5.6%,  -5.4%, -3.9%, +0.2%, -9.5%,  and 2.0%.

- Composite Index week/week -0.8%. Previous weeks were -3.7%, -1.8%, -7.9%, -1.2%, -2.3%, 0.2%, 1.2%, -1.8%, -6.3%, -1.7%, -5.4%, +0.7% , +4.2%, 6.6%,  -6.5%, -2.3%, -1.2% , and -11.0%.

 

Trade Deficit  (July 2022)

- Deficit $70.6 billion.  Previous was $80.9 billion.

This is a component of 3rdQ GDP.

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

 

September 6, 2022

PMI Composite Final  (August 2022)

- Composite Index       46.5 

- Services Index       43.7.

 

ISM Services Index  (August 2022)

- Index 56.9.  Previous was 56.7.

September 2, 2022

BLS Employment Situation Report (August 2022)

-  Nonfarm Payrolls month/month  315,000.   Previous was 526,000

- Unemployment Rate  3.7%. Previous was  3.5%

- Private Payrolls - month/month 308,000.  Previous was   477,000

- Manufacturing Payrolls month/month  22,000. Previous was   36,000

- Labor Participation Rate    62.4 %. Previous was  62.1%

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

- Average Hourly Earnings year/year    5.2%. Previous was  5.3%

- Average Workweek        34.5 hours. Previous was  34.6 hours  

Revisions to May and June subtracted 107,000 jobs.

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

 

September 1, 2022

Challenger Job-Cut Report  (August 2022)

- Announced layoffs 20,485.    Previous was  25,810. 

Source: Challenger, Gray & Christmas

 

Initial Jobless Claims (week ended 8/27/2022)

- Initial Claims seasonally adjusted 232,000. Previous was 237,000

- Initial Claims,  unadjusted, totaled 176,793 in the week ending August 27, a decrease of 2,492 (or 1.4 percent) from the previous week. 

- 4-Week Moving Average seasonally adjusted  241,500. Previous was  237,000

Numbers below are for the week ended 7/30

Total receiving regular state UI decreased by 9,331 

Total receiving any UI decreased by 10,407

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

 

 

Worker Productivity and Costs (2ndQ2022)

- Nonfarm Productivity - Annual Rate    -4.1%. Previous was -4.6%

- Unit Labor Costs - Annual Rate    +10.2%. Previous was 10.8%

Productivity is total Labor Cost/GDP.  

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

 

PMI Manufacturing Final (August 2022)

- Index 51.5

A survey index from the supply side.

Source:  Markit Economics

 

Construction Spending  (July  2022)

- Month over Month    -0.4%. Previous was -0.5%

- Year over Year 8.5%. Previous was 9.6%.

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

 

ISM Manufacturing Index  (July 2022)

- Index 52.8. Previous was 53.

Source:  Institute for Supply Management