January 13, 2022

Initial Jobless Claims (week ended 1/8/2022)

- Initial Claims seasonally adjusted  230,000. Previous was 205,000

- Initial Claims unadjusted, totaled 315,469 in the week ending January 8, an increase of 103,693 (or 32.8 percent) from the previous week. 

- 4-Week Moving Average seasonally adjusted  210,750. Previous was  204,500

Numbers below are for the week ended 12/25:

Total receiving regular state UI increased by 230,919 

Claims for Pandemic UI and Emergency Pandemic UI are no longer reported.

Total receiving any UI decreased by 226,264

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

 

PPI  (December 2021)

- PPI-FD month/month    0.2%. Previous was 1.0%

- PPI-FD year/year        9.7%. Previous was 9.8%

- Ex-Food & Energy month/month    0.5%. Previous was 0.9%

- Ex-Food & Energy year/year        8.3%. Previous was +7.7%

- Ex-Food, Energy & Trade Services month/month    0.4%. Previous was 0.9%

- Ex-Food, Energy & Trade Services year/year    6.9%. Previous was +6.9%

This is inflation at the wholesale level.

Source: Bureau of Labor Statistics (BLS)   Details:  https://www.bls.gov/ppi/

 

January 12, 2022

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

- Purchase Index week/week 2.0%. Previous weeks were -4.0% -3.3%, +1.0%, -5.0%., +5.0%, 5.0%,  +2.0%, +3.0%, -2.0%., -5.0%, +4.0%, +0.2%, -2.0%, -1.0%, +2.0%,  +8.0%,  and -0.2%

- Refinance Index week/week -0.1%. Previous weeks  were  -2.0%, +2.2%,-6.0%,  +9.0%, 15.0%, +0.4%, -5.0%,  +7.0%., 4.0%, -2.0%, -7.0%, -1.0%, -10.0%, -1.0%, +7.0%, -3.0%, and -3.0,

- Composite Index week/week  +1.4%.   Previous weeks were 2.7%, -0.6%, -4.0%, +2.0%, -7.2, +1.8%, -2.8%., +5.5%, -3.3%, +0.3%,  -6.3%, +0.2%, -6.9%, -1.1%, +4.9, and +0.3%.

Source:  MBA    Details: https://www.mba.org/2022-press-releases/january/mortgage-applications-increase-in-latest-mba-weekly-survey

 

CPI (December 2021)

- CPI month/month, seasonally adjusted  +0.5% . Previous was 0.9%

- CPI year/year not seasonally adjusted   7.0%. Previous was 6.8%.

- Ex-Food & Energy month/month, seasonally adjusted  +0.6%. Previous was +0.5%

- Ex-Food & Energy not seasonally adjusted   year/year  5.5%. Previous was 4.9%

Source:  BLS  Details: https://www.bls.gov/news.release/cpi.toc.htm

January 11. 2022

Redbook Chain Store Sales (week ended 1/8/2022)

- Chain Store Sales year/year 14.4%. Previous was 18.8%.

Source: Redbook Research Inc.

January 10, 2022

Wholesale Inventories (November  2021)

- Month over Month  +1.3%. Previous was 2.5%

This is a component of 4thQ GDP.

Source:  Census  Details: https://www.census.gov/wholesale/pdf/mwts/currentwhl.pdf

January 7, 2022

BLS Employment Situation Report (December 2021)

 Nonfarm Payrolls month/month  199,000.   Previous was 210,000

- Unemployment Rate   3.9%. Previous was  4.2%

- Private Payrolls - month/month 211,000.  Previous was   270,000

- Manufacturing Payrolls month/month  26,000. Previous was   35,000

- Labor Participation Rate     61.9%. Previous was  61.9%

- Average Hourly Earnings month/month    0.6%. Previous was  0.4%

- Average Hourly Earnings year/year    4.7%. Previous was  4.7%

- Average Workweek        34.7 hours. Previous was  34.7 hours  

Revisions to October and November added 141,000 jobs.

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

January 6, 2022

Trade Deficit  (November 2021)

- Deficit $80.2 billion.  Previous was $67.2 billion.

This is a component of 4thQ GDP.

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

 

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

- Initial Claims seasonally adjusted  207,000. Previous was 200,000

- Initial Claims unadjusted, totaled 315,469 in the week ending January 1, an increase of 57,599 (or 22.3 percent) from the previous week

- 4-Week Moving Average seasonally adjusted  204,500. Previous was  199,250

Numbers below are for the week ended 12/18:

Total receiving regular state UI decreased by 189,013

Claims for Pandemic UI and Emergency Pandemic UI are no longer reported.

Total receiving any UI decreased by 199,869

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

 

Challenger Job-Cut Report  (December 2021)

- Announced layoffs       19,052. Previous was  14,875 

Source: Challenger, Gray & Christmas

 

Factory Orders (November 2021)

- Month over Month +1.6%. Previous was +1.0%.    

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

January 5, 2022

MBA Mortgage Applications (week ended 12/31/2021)

- Purchase Index week/week -4.0%. Previous weeks were -3.3%, +1.0%, -5.0%., +5.0%, 5.0%,  +2.0%, +3.0%, -2.0%., -5.0%, +4.0%, +0.2%, -2.0%, -1.0%, +2.0%,  +8.0%,  -0.2%, and +1.0%

- Refinance Index week/week -2.0%. Previous weeks  were  +2.2%,-6.0%,  +9.0%, 15.0%, +0.4%, -5.0%,  +7.0%., 4.0%, -2.0%, -7.0%, -1.0%, -10.0%, -1.0%, +7.0%, -3.0%, -3.0, and -4.0%

- Composite Index week/week -2.7%.   Previous weeks were -0.6%, -4.0%, +2.0%, -7.2, +1.8%, -2.8%., +5.5%, -3.3%, +0.3%,  -6.3%, +0.2%, -6.9%, -1.1%, +4.9, +0.3%, and -1.9%

Source:  MBA    Details: https://www.mba.org/2022-press-releases/january/mortgage-applications-decreased-over-a-two-week-period-in-latest-mba-weekly-survey

 

ADP Private Jobs  (December 2021)

- Private Jobs +807,000. Previous was +505,000

Source: ADP   Details:  https://adpemploymentreport.com/2021/December/NER/NER-December-2021.aspx

January 4, 2022

Redbook Chain Store Sales (week ended 1/1/2022)

- Chain Store Sales year/year 18.8%. 

Source: Redbook Research Inc.

 

ISM Manufacturing Index  (December  2021)

- Index 58.7. Previous was 61.1

Source:  Institute for Supply Management

 

JOLTS  (November 2021)

- Job Openings 10,563,000.  Previous was 11,033,000.

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

 

January 3, 2022

PMI Manufacturing Final (December 2021)

- Index 57.7. Previous was 57.8

A survey index from the supply side.

Source:  Markit Economics

 

Construction Spending  (November 2021)

- Month over Month    +0.4%. Previous was +0.2%

- Year over Year 9.3%.

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

December 29, 2021

Trade Deficit (November 2021)

- Deficit $97.8 billion.  Previous was $83.2 billion

This is a component of 4thQ GDP.

Source:  BEA  Details:  https://www.bea.gov/news/2021/us-international-trade-goods-and-services-october-2021

 

Retail Inventories (November  2021)

- Month over Month 2.0%. Previous was 0.1%

This is a component of 4thQ GDP.

Source:  Census  Details: https://www.census.gov/retail/index.html

 

Wholesale Inventories   (November 2021)

- Inventories +1.2%.  Previous was +2.2%

Source:  Census  Details:  https://www.census.gov/wholesale/pdf/mwts/currentwhl.pdf

 

Pending Home Sales Index  (November 2021)

- Month over Month -2.2%. 

This accounts only for Existing Home Sales.

Source: National Association of Realtors