Roughly $2bn of the increase came from Crude Oil imports, Fuel Oil exports, and Non-Monetary Gold exports. Read More
Posts By: xps
October Unemployment – Gov. furloughs cloud the picture
Headline U.3 rose from 7.2% to 7.3%. However, more precise, two-decimal rate shows modest 0.04% rise. Furloughed government workers contribution not known, but half of what it should have been due to reporting confusion. Read More
October Payrolls surprise with 204,000 gain.
The reported October jobs gains surprise on the upside. Looking at the nature of the revisions to August and September, however, raises questions about the sensitivity of the seasonal adjustment process to revised data. Read More
October Payrolls: Seasonal Factor Biases
Strong biases in the mathematics place downward pressure on October numbers. Bias towards baseline growth of less than 100,000 jobs – even without any private sector furloughs due to the government shutdown. Read More
September CPI-W inflation falls to 1.0%
Prices rise in September but annual inflation falls as Sep. 2012 drops out of the measure. CPI-U up 0.18% in the month, up 1.18% over the year. Read More
Retail Sales: Down 0.1% in September
But, excluding seasonally volatile Motor Vehicles sales, the total figure is up 0.4%. Motor Vehicle & Parts Dealers plunged by $1.8bn In Sept. while all other sectors combined to add $1.3bn to the monthly sales figure. Read More
Industrial Production: Up 0.57% in September
But of that, 0.42% came from the volatile electricity utilities index. Manufacturing and Mining growth rates were muted. Read More