October 7. 2022

BLS Employment Situation Report (September 2022)

-  Nonfarm Payrolls month/month  263,000.   Previous was 315,000

- Unemployment Rate  3.5%. Previous was  3.7%

- Private Payrolls - month/month 288,000.  Previous was   275,000

- Manufacturing Payrolls month/month  22,000. Previous was   27,000

- Labor Participation Rate    62.3 %. Previous was  62.4%

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

- Average Hourly Earnings year/year    5.0%. Previous was  5.2%

- Average Workweek        34.5 hours. Previous was  34.5 hours  

Revisions to July and August added 11,000 jobs.

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

October 6, 2022

Challenger Job-Cut Report  (September 2022)

- Announced layoffs 29,989. Previous was  20,485. 

Source: Challenger, Gray & Christmas

 

Initial Jobless Claims (week ended 10/1/2022)

- Initial Claims seasonally adjusted 219,000. Previous was 190,000

- Initial Claims,  unadjusted, totaled 167,083 in the week ending October 1, an increase of 13,264 (or 8.6 percent) from the previous week. 

- 4-Week Moving Average seasonally adjusted  206,500. Previous was  206,250

Numbers below are for the week ended 9/17

Total receiving regular state UI decreased by 53,878

Total receiving any decreased by 55,459

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

October 5, 2022

MBA Mortgage Applications (week ended (9/30/2022)

- Purchase Index week/week  -12.6%. Previous weeks were -0.4%, +1.0%, +0.2%,  -0.7%, -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%, and +0.2%.

- Refinance Index week/week -17.8%. Previous weeks  were -10.9%, +10.4%, -1.2%,-1.1%, -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%, and -5.4%

- Composite Index week/week -14.2%. Previous weeks were -3.7%, +3.8%, -4.2%, 0.8%, -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%, and 6.6%

Source:  MBA. https://www.mba.org/news-and-research/newsroom/news/2022/10/05/mortgage-applications-decrease-in-latest-mba-weekly-survey

 

ADP Private Jobs  (September 2022)

- Private Jobs +208,000. Previous was +135,000

 

Trade Deficit  (August 2022)

- Deficit $67.4 billion.  Previous was $70.5 billion.

This is a component of 3rdQ GDP.

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

 

PMI Composite Final  (September 2022)

- Composite Index       49.5 

- Services Index       49.3.

 

ISM Services Index  (September 2022)

- Index 56.7.  Previous was 56.9.

 

October 4, 2022

Factory Orders (August 2022)

- Month over Month 0.0%. Previous was -1.0%.

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

 

JOLTS (August 2022)

- Job Openings 10,053,000.  Previous was 11,170,000.

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