Housing prices rise again as does Food, but Airline Fares drop.
Most of the improvement came from Auto Vehicles and Consumer goods, the latter seeing both an increase in exports and a decrease in imports
Spending on Single-Family homes has now dropped below its January 2014 level, while Multi-Family spending continues its steady increase.
The BLS U3 unemployment rate edged up in July (as reported today) from a rounded 6.1% to 6.2%. The good news is that this is due to an increase in the Labor Force Participation Rate.
This morning’s BLS Payrolls Report estimated 209,000 more jobs in July (on a seasonally adjusted basis). This is 10% below our Trend extrapolation of 232,000 and the the consensus forecast of 233,000.