Chain Store Sales | |||||
The handful of chain stores that continue to post monthly sales results hint at a bit of weakness for core August retail sales. A bit more chains report declining year-on-year sales rates in the month than in July, though again the sample is extremely small. Chains are holding to prior guidance with a couple describing August sales as consistent with trend. Core sales, that is ex-auto ex-gas, rose 0.4 percent in July after no change in June.
Challenger Job-Cut Report
Weakness in global mining demand tripped a surge of layoffs in the industrial goods sector and made for a 50,462 headline total for August layoff intentions. This is the highest total since February and compares with 37,701 in July and 32,239 in August last year. Layoffs in industrial goods came in at 22,162 for a 19,811 gain from July and the highest total since the heavy layoff days of January 2009. But outside of this one sector, layoffs were no heavier than prior months.
ADP Employment Report
ADP reports a slowing rise for private payroll growth, to 176,000 in August vs July's downwardly revised rise of 198,000. This is right on Econoday expectations for sizable slowing, to 177,000 vs ADP's initial July reading of 200,000.
The slowing contrasts with Econoday expectations for Friday's nonfarm payroll headline which includes government workers. Non-farm payrolls are expected to show modest improvement, to 175,000 vs July's 162,000.
Jobless Claims
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Give a more longer term perspective of Economic trends and the Macroeconomic and Monetary Interdependence of the Global Economy. With the Background of this approach the blog will deal with the implications for Investment decisions. The author believes that China and the Asia Pacific Region are and will be the powerhouse for the global economic growth for years to come. It will also cover IT because of its momentum driver for economic growth.
Thursday, 5 September 2013
U.S. Economic Indicators for today
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