Key Economic Indicators – October 10, 2016

  • Total non-farm payroll employment increased 156 thousand in September, following an increase of 167 thousand in the previous month, according to the U.S. Bureau of Labor Statistics.
  • The unemployment rate edged up to 5.0% in September, from 4.9% in August.
  • The average workweek of all employees on private nonfarm payrolls increased by 0.1 to 34.4 hours. Average hourly earnings increased by 6 cents to $25.79.
  • The advance figure for initial claims for unemployment insurance was 249 thousand in the week ending October 1, a decrease of 5 thousand from the previous week’s level. The 4-week moving average was 253.5 thousand, a decrease of 2.5 thousand from the previous week’s average.
  • New orders increased 0.2% in August, following a 1.4% increase in the previous month.
  • The International trade deficit was $40.7 billion in August, compared with a deficit of $39.5 billion in the previous month.
  • Construction spending for August was down 0.7% from the previous month, and was down 0.3% from a year ago.
  • Mortgage applications increased 2.9% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending September 30th.
  • The ISM manufacturing index increased to 51.5 in September, from 49.4 in August.
  • The ISM non-manufacturing index increased to 57.1 in September, from 51.4 in August.

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