Monday, August 15, 2016

Consumer confidence inches up to 90.4 in August

Confidence inched upward in early August due to more favorable prospects for the overall economy offsetting a small pullback in personal finances. Home buying has become particularly dependent on low interest rates, with net references to low interest rates spontaneously mentioned by 48%.


Builder confidence rises two points in August to 60

Builder confidence in the market for newly constructed single-family homesin August rose two points to 60 from a downwardly revised reading of 58 in July. The component gauging current sales conditions rose two points to 65, while the index charting sales expectations in the next six months increased one point to 67.


Retail sales flat in July but still up 2.3 percent year-on-year

Retail sales were unchanged in July, coming off a revised 0.8 percent increase in June. Retail sales in June were previously reported to have increased 0.6 percent. Sales rose 2.3 percent from a year ago.

Producer Price Index declined 0.4 percent in July and 0.2 percent for previous 12-month period

The Producer Price Index for final demand decreased 0.4 percent in July. On an unadjusted basis, the final demand index moved down 0.2 percent for the 12 months ended in July.

Thursday, August 11, 2016

Job openings edged up in June and layoffs dropped to lowest level in nearly two years

U.S. job openings increased in June and layoffs dropped to their lowest in nearly two years as labor market conditions tightened further.


Friday, August 5, 2016

Job growth surged to 255,000 in July vs. 188,000 expected

Total nonfarm payroll employment rose by 255,000 in July, and the unemployment rate was unchanged at 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, and financial activities. Employment in mining continued to trend down.


Thursday, August 4, 2016

Planned job layoffs rose 19 percent in July but still down 8.7 percent year-to-date

The pace of layoffs ticked up 19 percent in July, as employers announced plans to shed 45,346 workers from their payrolls.  To date, employers have announced 359,100 job cuts in 2016. That is down 8.7 percent from the 393,368 job cuts announced from January through July 2015.

Wednesday, August 3, 2016

Service sector index fell 1.0 percentage point in July but still well into positive growth territory

The NMI® registered 55.5 percent in July, 1 percentage point lower than the June reading of 56.5 percent.  Most comments reflect stability and continued growth for their respective companies.

Manufacturing sector index fell 0.6 percentage point in July but still indicates growth

The July PMI® registered 52.6 percent, a decrease of 0.6 percentage point from the June reading of 53.2 percent and posting growth in the manufacturing sector for the fifth consecutive month.

Personal income and consumer spending both rose in June

Personal income increased $29.3 billion (0.2 percent), disposable personal income (DPI) increased $24.6 billion (0.2 percent) and personal consumption expenditures (PCE) increased $53.0 billion (0.4 percent) in June.