U.S. Data

  • 2015-07-02 17:12


    --Retransmitting Story Headlined 8:30 ET Friday
    --Payrolls +223k; Unemp Rate 5.3% (5.284); 2-Mos Revisions -60K

    WASHINGTON (MNI) - Solid June payrolls were right on expectations and the marked improvement in the unemployment rate to 5.3% was exaggerated by seasonal factors that may have reflected all the school makeup days for the severe winter's snow.

    The Bureau of Labor Statistics Thursday reported June payrolls grew by a seasonally adjusted 223,000 while actual payrolls without the adjustment expanded by 455,000, a result somewhat tarnished by the subtraction of 60,000 previously reported paychecks from April and May through revisions.

    The labor participation dropped to the lowest rate since October 1977, just 62.6% as the unadjusted labor force grew o

  • 2015-07-02 10:00


    By Kevin Kastner

    WASHINGTON (MNI) - The value of new factory orders fell 1.0% in May, well below the 0.3% decline expected in an MNI survey due to a downward revision to durable goods orders and only a modest gain in nondurables orders, data released by the Commerce Department Thursday morning showed.

    The May decline followed a downward revision to April factory orders, which are now down 0.7% after being originally reported down 0.4%.

    Total durable goods orders are now reported to have declined 2.2% in May, revised downward from the 1.8% drop reported in the advance estimate.

    Nondurable goods orders posted a 0.2% increase, led by a 1.4% rise in petroleum and coal products. Nondurables shipments are equivalent to orders in this report.

  • 2015-07-02 08:30


    WASHINGTON (MNI) - The following are the changes in unadjusted initial claims by state for the week ended June 20.

  • 2015-07-01 12:12


    --ISM Employment Index Jumps 3.8 Points in June

    WASHINGTON (MNI) - The solid optimism seen in the latest Institute for Supply Management report on U.S. manufacturing, particularly the surge in the employment index a day before the June jobs report, arrived despite the ricocheting headlines on Greece, which purchasing managers are not really watching, the ISM survey chief said following the report Wednesday.

    The June ISM report's own headlines showed a 0.7 improvement in the top line Purchasing Managers Index to 53.5, bringing the 12-month average to 54.7 and the string of months to 30 on the growth side of the breakeven 50 index reading.

    New orders rose two-tenths to 56.0, a high for the year and even stronger than the PMI.

  • 2015-07-01 10:01


    WASHINGTON (MNI) - The following are excerpts from a forecast update for the housing industry and the general U.S. economy from the National Association of Realtors' Chief Economist Lawrence Yun, published Wednesday:

    The Economy

    - GDP growth was slightly negative in the first quarter but will pick up in the second half. For the year as whole, GDP will expand at 2.1 percent. Not bad but not great. A slow hum.

    - Consumer spending will open up because of lower gasoline prices. Personal consumption expenditure grew at 2.1 percent rate in the first quarter.

  • 2015-07-01 09:35


    WASHINGTON (MNI) - General Motors released Wednesday the following statement about June sales:

    Chevrolet retail sales up 9 percent, surpassing Ford Division Chevrolet total pickup deliveries climb 33 percent; Silverado outsells F-Series on a retail basis Best June ever for Chevrolet crossovers GMC retail sales up 12 percent; total pickup sales up 37 percent Commercial deliveries up for 20th consecutive month

    DETROIT - Chevrolet, Buick, GMC and Cadillac dealers in the United States delivered 259,353 vehicles in June 2015. Retail deliveries climbed 7 percent year over year, and they were up more than the industry for the third month in a row. The drivers were stronger Cadillac sales, a 12 percent gain at GMC and a 9 percent increase at Chevrolet.

  • 2015-07-01 07:00


    WASHINGTON (MNI) - The following is the Mortgage Bankers Association summary of its weekly survey of mortgage applications, published Wednesday:

    Mortgage applications decreased 4.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 26, 2015.

    The Market Composite Index, a measure of mortgage loan application volume, decreased 4.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 5 percent compared with the previous week. The Refinance Index decreased 5 percent from the previous week to its lowest level since December 2014. The seasonally adjusted Purchase Index decreased 4 percent from one week earlier.

  • 2015-06-30 08:56


    WASHINGTON (MNI) - The following is the text of the weekly retail sales report released by Johnson Redbook Tuesday, for the month-to-date through the week ended June 27:

    The Johnson Redbook Retail Sales Index was up 1.7% in the fourth week of June following a 1.6% gain the prior week. Month-to-date, June was up 1.4% compared to June of last year (relative to a target of a 1.6% gain). Month-over-month showed a 1.5% drop versus May (relative to a target of a 1.3% drop). June is a five-week month on the retail calendar ending on July 4th.

    Sales performance includes the Sunday of Father's Day promotions.

  • 2015-06-30 08:55


    WASHINGTON (MNI) - The following is the text of the weekly retail sales report released by Johnson Redbook Tuesday, for the month-to-date through the week ended June 27:

    The Johnson Redbook Retail Sales Index was up 1.7% in the fourth week of June following a 1.6% gain the prior week. Month-to-date, June was up 1.4% compared to June of last year (relative to a target of a 1.6% gain). Month-over-month showed a 1.5% drop versus May (relative to a target of a 1.3% drop). June is a five-week month on the retail calendar ending on July 4th.

    Sales performance includes the Sunday of Father's Day promotions.

  • 2015-06-30 07:45


    WASHINGTON (MNI) - The following is the text of the Retail Economist's report on same-store sales results released Tuesday:

    The Retail Economist-Goldman Sachs Weekly Chain Store Sales Index rose by another hefty 2.2% (seasonally adjusted) compared with its previous week for the period ending on Saturday, June 27. Moreover, on a year-over-year basis, sales rose by 2.7% - its strongest year-over-year pace since May 23 when sales gained 3.0%.

    Michael P.