- The producer price index for total final demand increased 0.3% in October, while the index for final demand less foods, energy, and trade increased 0.2%. The producer price index for final demand increased 0.5% from October 2019 to October 2020, while the index for final demand less foods, energy, and trade increased 0.8%.
- The consumer price index held steady in October, following a 0.2% increase in the previous month. The core also held steady, following a 0.2% increase in the previous month. The consumer price index increased 1.2% for the 12-month period ending in October, while the core index rose 1.6%.
- Real average hourly earnings for all employees increased 0.1% from September to October. This result stems from a 0.1% increase in average hourly earnings combined with no change in the consumer price index.
- The advance figure for initial claims for unemployment insurance decreased 48 thousand to 709 thousand in the week ending November 7. The 4-week moving average was 755.25 thousand, a decrease of 33.25 thousand from the previous week’s revised average. The advance number for seasonally adjusted insured unemployment (ongoing) during the week ending October 31 was 6,786 thousand, a decrease of 436 thousand from the previous week’s revised level. The 4-week moving average was 7,575.75 thousand, a decrease of 653 thousand from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 4.6% for the week ending October 31, a decrease of 0.3 percentage point from the previous week’s revised rate.
- The number of jobs openings was little changed at 6.4 million on the last business day of September, according to the U.S. Bureau of Labor Statistics. The number of hires and separations were little changed at 5.9 million and 4.7 million, respectively.
- The results of Freddie Mac’s Primary Mortgage Market Survey showed mortgage rates rising. The 30-year fixed mortgage rate averaged 2.84% for the week ending November 12, up from last week when it averaged 2.78%. A year ago, at this time, the 30-year fixed rate averaged 3.75%. The 15-year fixed mortgage rate averaged 2.34%, up from last week when it averaged 2.32%. A year ago, at this time, the 15-year fixed rate averaged 3.20%.
- Mortgage applications decreased 0.5% from one week earlier, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 6, 2020.
- There were 54,184,358 COVID-19 confirmed cases in the world, 1,314,904 deaths, and 34,830,992 recovered, according to Johns Hopkins University, Coronavirus Resource Center (access date and time: 11/15/2020, 13:30 EST). In the United States, there are 10,945,381 confirmed cases, 245,812 deaths, and 4,148,444 recovered cases. The world is struggling to control the spread of the virus.
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