Tag Archives: MarketWatch 666

June’s jobs report, Marketwatch 666, Commenter RJS This week’s major agency issued economic releases included the Employment Situation Summary for June from the Bureau of Labor Statistics, and three May reports that will input into 2nd quarter GDP: the BEA’s report on International Trade for May, the May report on  Construction Spending and the Full Report on Manufacturers’ Shipments, Inventories and Orders for May, both from the Census Bureau . ....

Construction Spending Falls 0.3% in May after March & April Spending Revised Higher, Commenter RJS, Marketwatch 666 The Census Bureau report on construction spending for May (pdf) estimated that May’s seasonally adjusted construction spending would work out to $1,545.3 billion annually if extrapolated over an entire year, which was 0.3 percent (±1.0 percent)* below the revised annualized estimate of $1,549.5 billion of construction spending in...

RJS at Marketwatch 666 reviews oil and natural gas pricing, June 28, 2021 Oil Pricing Oil prices set a new 32 month high for a fifth consecutive week, as negotiations to lift Iranian sanctions broke off and US crude supplies fell more than was expected for a fifth straight week. After rising 1% to $71.64 a barrel last week on rising demand and falling supplies, the contract price of US light sweet crude for July delivery opened lower on...

2 Months PCE Would Add 7.36 Percentage Points to Q2 GDP Angry Bear Commenter RJS and Marketwatch 666 blogger computes the impact of real PCE from this report on GDP and explains his math. The May report Personal Income and Outlays from the Bureau of Economic Analysis gives us nearly half the data that will go into 2nd quarter GDP, since it gives us 2 months of data on our personal consumption expenditures (PCE), which accounts for nearly 70%...

Producer Price Index YoY Records for Final Demand and Intermediate Services; 46 year High for Intermediate Goods, 48 year High for Raw Materials Commenter RJS and MarketWatch 666 blogger The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.8% in April, as prices for finished wholesale goods rose 1.5% while margins of final services providers rose 0.6%…that increase followed an April report that the PPI was 0.6% higher, as...

Commenter RJS and MarketWatch 666 blogger Seasonally adjusted retail sales fell 1.3% in May after retail sales for April were revised 1.4% higher . . . the Advance Retail Sales Report for May (pdf) from the Census Bureau estimated that our seasonally adjusted retail and food services sales totaled $620.2 billion for the month, which was a decrease of 1.3 percent (±0.5%) from April’s revised sales of $628.7 billion, but 28.1 percent (±0.7 percent)...

Record High Job Quitting; Record Low Layoff Rate, MarketWatch 666, AB Commenter and Blogger RJS The Job Openings and Labor Turnover Survey (JOLTS) report for April from the Bureau of Labor Statistics estimated seasonally adjusted job openings jumped by by 998,000, from 8,288,000 in March to 9,286,000 job openings in April, after March’s record job openings were revised 165,000 higher, from 8,123,000 to 8,288,000 . . . April’s jobs openings...

CPI Rose 0.6% in May on Higher Prices for New and Used Vehicles, Clothing, and Airfares; Now Up 5% Year over Year, MarketWatch666, Commenter RJS The consumer price index rose 0.6% in May, as higher prices for new and used vehicles, clothing, airfares, car and truck rentals, and utilities were only slightly offset by lower prices for gasoline and for health insurance…the Consumer Price Index Summary from the Bureau of Labor Statistics indicated...

April Trade Deficit Decreased 8.2% on Lower Imports of Consumer Goods and Automotives, Commenter and blogger RJS Our trade deficit was 8.2% lower in April, as our exports increased and our imports decreased . . . the Commerce Dept report on our international trade in goods and services for April, incorporating an annual revision, indicated that our seasonally adjusted goods and services trade deficit fell by a rounded $6.1 billion to $68.9...

MONTHLY CONSTRUCTION SPENDING, APRIL 2021, June 1, 2021Angry Bear Commenter RJS blogs at MarketWatch 666 and presents current economic market information. Estimates the impact of the February and March revisions on the 1st quarter GDP and is estimating the impact of this April report on 2nd quarter GDP (see below past Census reports. ___________________ The Census Bureau’s report on construction spending for April (pdf) estimated that the...