November 3, 2022

Challenger Job-Cut Report  (October 2022)

- Announced layoffs 33,843. Previous was  29,989. 

Source: Challenger, Gray & Christmas

 

Trade Deficit  (September 2022)

- Deficit $77.3 billion.  Previous was $65.7 billion.

This is a component of 3rdQ GDP.

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

 

Initial Jobless Claims (week ended 10/29/2022)

- Initial Claims seasonally adjusted 217,000. Previous was 218,000

- Initial Claims,  unadjusted, totaled 185,594 in the week ending October 29, an increase of 1,174 (or 0.6 percent) from the previous week.

- 4-Week Moving Average seasonally adjusted  218,750. Previous was  218,000

Numbers below are for the week ended 9/17

Total receiving regular state UI increased by 26,543 

Total receiving any increased by 28,929

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

 

Productivity and Costs (3rdQ2022)

- Nonfarm Productivity - Annual Rate    0.3%. Previous was -4.1%

- Unit Labor Costs - Annual Rate    3.5%. Previous was 10.2%

Productivity is total Labor Cost/GDP.  

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

 

PMI Composite Final  (October 2022)

- Composite Index       48.2

- Services Index       47.8.

 

Factory Orders (September 2022)

- Month over Month 0.3%. Previous was 0.2%.

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

 

ISM Services Index (October 2022)

- Index 54.4 Previous was 56.7

 

November 2, 2022

MBA Mortgage Applications (week ended (10/28/2022)

- Purchase Index week/week -0.8%. Previous weeks were 2.3%, -3.7%, -2.1%, -12.6%, -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%, and +7.9%

- Refinance Index week/week 0.2%. Previous weeks  were 0.0%, -6.9%, -1.8%, -17.8%, -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%, and +1.9%

- Composite Index week/week -0.5%. Previous weeks were -1.7%, -4.5%, -2.0%, -14.2%. , -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%, and -5.4%

Source:  MBA. https://www.mba.org/news-and-research/newsroom/news/2022/11/02/mortgage-applications-decrease-in-latest-mba-weekly-survey

 

 

ADP Private Jobs  (October 2022)

- Private Jobs +239,000. Previous was +192,000

November 1, 2022

PMI Manufacturing Final (October 2022)

- Index 50.4

A survey index from the supply side.

Source:  Markit Economics

 

Construction Spending  (September  2022)

- Month over Month    0.2%. Previous was -0.6%

- Year over Year 10.9%. Previous was 10.1%.

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

 

ISM Manufacturing Index  (October 2022)

- Index 50.2. Previous was 50.9.

Source:  Institute for Supply Management

 

JOLTS (September 2022)

- Job Openings 10,717,000.  Previous was 11,280,000.

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