Change in Nonfarm Payrolls (Jan)
Last negative number was August – got revised up.
Apart from the unrevised January number, the revised previous numbers don’t look too bad.
(See following report.)
The Fed calls 4.75% full employment.
So, this is close enough.
Change in Manufacturing Payrolls (Jan)
Suspiciously low as a per December durable goods and export numbers.
Average Hourly Earnings MoM (Jan)
Average Hourly Earnings YoY (Jan)
Seems to be under control though a weak productivity number could raise unit labor costs.
Average Weekly Hours
Down a bit. Fairly steady.
RPX Composite 28dy YoY (Nov)
RPX Composite 28dy Index (Nov)
November housing was weak.
U. of Michigan Confidence (Jan F)
Both current and expected improved.
U. of Michigan TABLE
ISM Manufacturing (Jan)
Back to growth mode.
ISM Prices Paid (Jan)
Inflation ripping here.
Construction Spending MoM (Dec)
Still bumping along the bottom.