Key Economic Indicators – April 8, 2013

  • Total non-farm payroll employment rose 88 thousand in March, following an increase of 268 thousand in the previous month. Private-sector payrolls increased by 95 thousand in the month, while government employment decreased by 7 thousand.
  • The unemployment rate  decreased to 7.6% in March, from 7.7% in February.
  • The average workweek of all employees on private nonfarm payrolls increased 0.1 to 34.6 hours.  Average hourly earnings increased by a cent to $23.82. Over the past 12  months, average hourly earnings were up 1.8%.
  • The advance figure for initial claims for unemployment insurance increased 28 thousand to 385 thousand in the week ending March 30.
  • Sales of domestic cars decreased 2.9% in March, while total light vehicle (cars and light trucks)  sales decreased 0.8%. Total light vehicle sales were 15.203 million units,  at a seasonally adjusted annual rate, compared to 14.088 million in March  of 2012.
  • New orders for  manufactured goods increased 3.0% in February, while shipments increased 0.9%.
  • In February,  international trade deficit was $43.0 billion, $1.5 billion less than the revised January figure.
  • February construction spending increased 1.2%, following a 2.1% decrease in the previous month.
  • The results of Freddie Mac’s Primary Mortgage Market Survey showed average fixed mortgage rates decreasing for the week ending April 4th.
  • Mortgage applications decreased 4.0% from a week earlier, according to data from Mortgage  Bankers Association’s (MBA) Weekly Applications Survey for the week ending      March 29th.
  • The Institute for Supply Management’s (ISM) manufacturing survey indicated expansion in March for the fourth consecutive month.
  • In March, the Institute for Supply Management’s non-manufacturing survey results indicated growth for the 39th consecutive month.

Leave a Reply

You must be logged in to post a comment.