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

 


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