Key Economic Indicators – June 9, 2014

  • Total non-farm payroll employment increased 217 thousand in May, following an increase of 282 thousand in the previous month.   Private-sector payrolls increased by 216 thousand in the month, while government employment edged up a thousand.
  • The unemployment rate held steady at 6.3%.
  • The average workweek of all employees on private nonfarm payrolls held steady at 34.5 hours. Average hourly earnings increased by 0.2% in May.
  • The advance figure for initial claims for unemployment insurance increased 8 thousand to 312 thousand in the week ending May 31.
  • Sales of domestic cars increased 3.9% to 13.3 million in May, while total vehicle sales increased 4.4% to 16.8 million.
  • New orders for manufactured goods increased 0.7% in April, following a 1.5% increase in the previous month.
  • In April, international trade deficit was $47.2 billion, $3.0 billion more than the revised March figure.
  • Construction spending in April was up 0.2% from the previous month, and was up 8.6% from April 2013.
  • The results of Freddie Mac’s Primary Mortgage Market Survey of June 5th showed average fixed mortgage rates little changed from the previous week.
  • Mortgage applications decreased 3.1% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending May 30th.

Leave a Reply

You must be logged in to post a comment.