February 2018

Consumer Credit

Total consumer credit increased by $18.4 billion, (B) in December, below the consensus estimate of $20B. Non-revolving credit advanced by $13.3B while revolving credit moved-up by $5.3B. November’s consumer credit was revised upwards by $2B to $30B essentially offsetting the miss in December. On a percentage year on year basis, consumer credit increased at an [...]

Employment: Initial, Continuous Jobless Claims and Net Job Creation

Seasonally adjusted, (SA) initial claims for unemployment insurance fell by 9,000 to 221,000. The four week moving average (4WMA) was 224,000, 17.0% lower than for the same period last year. Moody’s economist project an unemployment rate of 3.5% by the end of the year as layoffs are low and hiring remains firm. Continuous claims as [...]

Employment by Industry

The economy created 148,000 jobs in January, 38.5% of these were in the Goods producing industries and 61.5% in Service providing sector. The total number of seasonally adjusted (SA), non-farm people employed in the U.S. in January was 147.810 million (M), an increase of 0.14% month on month, (m/m). Over the past 12 months the [...]

Currency Report

The dollar Broad Index posted a reading of 94.35 on February 2nd, its lowest point since June 2015. Over the past 12 months, the dollar broad index has ranged between 94.35, (today) and 101.88, (February 2017). On a twelve moving average, (12MMA) year on year, (y/y) comparison, the dollar was down 8.6% against the Broad [...]

January 2018

Consumer Confidence

Consumer confidence increased in January as the Conference Board Consumer Confidence Composite Index rose by 2.3 points to 125.4, following a decline in December. On a three month moving average, (3MMA) the composite index measured 125.7, up 0.3 point month on month (m/m). On a year over year comparison, the 3MMA composite index was up [...]