by Calculated Risk on 6/27/2013 08:36:00 AM
Thursday, June 27, 2013
NOTE: The BEA reported on Personal Income and Outlays for May.
Personal income increased $69.4 billion, or 0.5 percent ... Personal consumption expenditures (PCE) increased $29.0 billion, or 0.3 percent.The consensus was for a 0.2% increase in personal income in May, and for a 0.4% increase in personal spending. And for the Core PCE price index to increase 0.1%. I'll have more on this report soon.
The price index for PCE increased 0.1 percent in May ... The PCE price index, excluding food and energy, increased 0.1 percent
The DOL reports:
In the week ending June 22, the advance figure for seasonally adjusted initial claims was 346,000, a decrease of 9,000 from the previous week's revised figure of 355,000. The 4-week moving average was 345,750, a decrease of 2,750 from the previous week's revised average of 348,500.The previous week was revised up from 354,000.
The following graph shows the 4-week moving average of weekly claims since January 2000.
Click on graph for larger image.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims increased to 345,750.
The 4-week average has mostly moved sideways over the last few months. Claims were close to the 345,000 consensus forecast.
Posted by Calculated Risk on 6/27/2013 08:36:00 AM