Key Economic Indicators – July 7, 2014

  • Total non-farm payroll employment increased 288 thousand in June, following an increase of 224 thousand in the previous month.   Private-sector payrolls increased by 262 thousand in the month, while government employment increased by 26 thousand.
  • The unemployment rate decreased to 6.1% in June, from 6.3% in May.
  • The average workweek of all employees on private nonfarm payrolls held steady at 34.5 hours. Average hourly earnings increased by 0.2%.
  • The advance figure for initial claims for unemployment insurance increased 2 thousand to 315 thousand in the week ending June 28.
  • Sales of domestic cars increased to 13.5 million in June, while total light vehicle (cars and light trucks) sales increased to 17.0 million.
  • In May, international trade deficit was $44.4 billion, compared with a deficit of $47.0 billion in the previous month.
  • The results of Freddie Mac’s Primary Mortgage Market Survey of July 3rd showed average fixed mortgage rates little changed from the previous week.
  • Mortgage applications decreased 0.2% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 27th.

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