April 2018

March 2018

Consumer Confidence

The Consumer confidence index rolled-back 2.3 points in March according to the Conference Board. The index now stands at 127.7. Despite the decline, the index remains at elevated levels with a positive trend line. Businesses report being somewhat more pessimistic about current conditions as expectations fell across the board. On the other-hand, the labor market [...]

Automotive Sales

Data from the Bureau of Economic Analysis (BEA), shows that total light (cars and light truck/SUVs), vehicle sales in January were at a seasonally adjusted annual rate, (SAAR) of 17.505 million (M), units, down 724,000 units or 4.0% from December. On a three month moving average (3MMA), basis sales were tracking at 17.867M, down 1.7% [...]

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 [...]