March 2018

Employment by Industry

The economy created 313,000 jobs in February greatly exceeding analysts’ expectations. There were good gains in both construction and manufacturing. The total number of seasonally adjusted (SA), non-farm people employed in the U.S. in February was 148.177 million (M), an increase of 0.21% month on month, (m/m). Over the past 12 months the U.S. economy [...]

Employment: Initial, Continuous Jobless Claims

February seasonally adjusted, (SA) initial claims for unemployment insurance rose by 21,000 to 231,000. Despite the increase the total remains near the lowest level in nearly 50 years. The non-seasonally adjusted, (NSA) four week moving average (4WMA) was 216,850, 7.9% lower than for the same period last year. Layoffs are low and hiring statistics continue [...]

U.S. Non-farm Employment Net Job Creation

Total non-seasonally adjusted, (NSA) nonfarm payroll employment increased by 313,000 in February and the December and January figures were revised higher, to 175,000 and 239,000 respectfully. A total of 148,177,000 people were employed in non-farm jobs as the unemployment rate held steady according to the U.S. Bureau of Labor Statistics, (BLS) report. Employment growth has averaged [...]

Consumer Credit

Consumer credit continued to climb but the pace of growth has slowed somewhat. Total consumer credit increased by $13.9 billion, (B) in January, well below the consensus estimate of $17.8B. Non-revolving credit advanced by $13.2B or 95% of the gain, while revolving credit moved-up by just $0.7B, its lowest level since July 2103. On a [...]

Dodge Momentum Index

The Dodge Momentum Index increased 0.5% to 142.6 in February from the revised January score. On a year on year, (y/y) comparison, the composite index was up 2.0%. The commercial sub-index posted a moderate decrease for the month, while the institutional index recorded a substantial increase for the month. The Dodge Momentum Index is a [...]

Currency Report

The dollar Broad Index posted a reading of 94.05 for February, up 0.4% month on month yet still close to its lowest level in two years. The rate of decline has moderated over the past month likely because of the FEDs indication that there will be three and perhaps four interest rate hikes this year. [...]