Initial Claims, Pending Sales, ISM Services
The BOE and ECB kept their pattern of holding rates at every other meeting.
Corporate announcements of job reductions +25% in June to 67K, according to a monthly tally kept by outplacement firm Challenger Gray & Christmas.
Inside the number: YTD corporate layoffs are down 19% to 436K. Corporate profits were at record levels in the first quarter.
Initial Claims -2K to 313K Full Report The number of people receiving unemployment checks +52K to 2.46M.
The NAR's pending home sales index UP 1.3% to 113.4 from 111.9, the first increase since January. The index is DOWN 10.1% in the past year. Full Report
ISM Services index fell to 57.0% from 60.1%. Full Report
Inside the number: 16 of 14 industries reported growth and only one, agriculture, reported a decrease. New orders DOWN to 56.6% from 59.6%. Prices-paid index DOWN to 73.9% from 77.5%. The employment index DOWN to 52.0% from 58.0%. The report calmed some inflation fears.
Corporate announcements of job reductions +25% in June to 67K, according to a monthly tally kept by outplacement firm Challenger Gray & Christmas.
Inside the number: YTD corporate layoffs are down 19% to 436K. Corporate profits were at record levels in the first quarter.
Initial Claims -2K to 313K Full Report The number of people receiving unemployment checks +52K to 2.46M.
The NAR's pending home sales index UP 1.3% to 113.4 from 111.9, the first increase since January. The index is DOWN 10.1% in the past year. Full Report
ISM Services index fell to 57.0% from 60.1%. Full Report
Inside the number: 16 of 14 industries reported growth and only one, agriculture, reported a decrease. New orders DOWN to 56.6% from 59.6%. Prices-paid index DOWN to 73.9% from 77.5%. The employment index DOWN to 52.0% from 58.0%. The report calmed some inflation fears.
Comments