Recap of this week’s U.S. economic events:

  1. 169k nonfarm payrolls were added in August, the unemployment rate decreased to 7.3%, and much, much more.
  2. ADP saw 176k new private payrolls added in August.
  3. The Beige Book published by the Federal Reserve indicated that economic growth has been “modest to moderate“.
  4. The monthly international trade deficit increased to $39.1 billion in July.
  5. The PMI of the ISM manufacturing survey expanded to 55.7 in August.
  6. The NMI of the ISM non-manufacturing survey expanded to 58.6 in August.
  7. Construction spending increased 0.6% in July.
  8. Labor productivity increased at an annual rate of 2.3% in Q2. Unit labor costs were flat.
  9. Factory orders decreased 2.4% in July.
  10. The national average gasoline price in August was $3.61 per gallon.
  11. Motor vehicle sales increased to a SAAR of 16.09 million in August.
  12. Initial jobless claims for the week decreased to 323k. The insured unemployment rate was unchanged at 2.3%.
  13. The M2 money supply increased 0.34% W/W and is now up 6.6% Y/Y.
  14. Weekly store sales indexes diverged this week, are now up 2.1% Y/Y and up 3.9% Y/Y (4 week MA’s).

Further U.S. economy reading:

US Economic Radar September

Schedule for the week ahead:

Monday, September 9, 2013

Tuesday, September 10, 2013

  • Weekly Store Sales

Wednesday, September 11, 2013

Thursday, September 12, 2013

Friday, September 13, 2013

via: FloatingPath