Key Economic Indicators – August 8, 2016

  • Personal income increased 0.2% in June, and personal consumption expenditures increased 0.4%.
  • The price index for personal consumption expenditures increased 0.1% in June. The price index (headline index) was up 0.9% from June 2015, while the core index was up 1.6%.
  • Total non-farm payroll employment rose 255 thousand in July, following an increase of 292 thousand in the previous month, according to the U.S. Bureau of Labor Statistics.
  • The unemployment rate was unchanged at 4.9%.
  • The average workweek of all employees on private nonfarm payrolls increased by 0.1 to 34.5 hours. Average hourly earnings were up 0.3%.
  • The advance figure for initial claims for unemployment insurance was 269 thousand in the week ending July 30, an increase of 3 thousand from the previous week. The 4-week moving average was 260.25 thousand, an increase of 3.75 thousand from the previous week’s average.
  • Mortgage applications decreased 3.5% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 29th.

Comments are closed.