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ISM: Service sector economy index rose slightly in June

The NMI registered 57.4 percent in June, which is 0.5 percentage point higher than the May reading of 56.9 percent. This represents continued growth in the non-manufacturing sector at a slightly faster rate. The majority of respondents’ comments are positive about business conditions and the overall economy.READ MORE www.metrointel.com

IHS Markit: Services Business Activity Index rose for third straight month in June

The seasonally adjusted IHS Markit U.S. Services Business Activity Index registered 54.2 in June, up from 53.6 in May. This signalled a third month of accelerated growth in business activity among US service providers. Panellists linked growth to increased new orders and strong client demand. Show More Summary

Bloomberg: Consumer Comfort Index dips in latest survey; first half of 2017 strongest since 2011

Consumer optimism is showing signs of pulling back from its post-election surge, with the comfort index easing after three months of robust readings just below an almost 16-year high. Still, the gauge closed out the best half-year since the final six months of 2011 as households embraced solid opportunities in the labor market.READ MORE www.metrointel.com

Gallup: June Good Jobs rate highest so far in 2017

The U.S. Gallup Good Jobs (GGJ) rate, which measures the percentage of the U.S. adult population with full-time jobs, rose to 46.3% in June, up from 45.4% in May. This is the highest level so far in 2017. The current level is roughly equal to the rate in June 2016, when the GGJ stood at 46.0%. READ MORE www.metrointel.com

Initial unemployment claims rise 4,000 in latest report

In the week ending July 1, initial unemployment claims were 248,000, an increase of 4,000 from the previous week's unrevised level of 244,000. The 4-week moving average was 243,000, an increase of 750 from the previous week's unrevised average of 242,250.READ MORE www.metrointel.com

Mortgage loan applications rise 1.4 percent in latest survey

The Market Composite Index increased 1.4 percent on a seasonally adjusted basis from one week earlier, with purchase loans rising 3 percent and refinances falling 0.4 percent. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to its highest level since May 2017, 4.20 percent. READ MORE www.metrointel.com

Planned job cuts dipped six percent in June from May; also down 28 percent for first half of year

Employers announced plans to cut payrolls by 31,105 jobs in June, the lowest monthly total of the year as well as being 6 percent lower than in May and 19.3 percent lower year-on-year. Through the first six months of 2017, employers announced 227,000 planned job cuts, down 28 the same period of 2016.READ MORE www.metrointel.com

ADP: Private Sector Employment Increased by 158,000 Jobs in June

Private-sector employment increased by 158,000 from May to June, which compares to 230,000 the previous month and 258,000 during the same period of 2016.Employers announced plans to cut payrolls by 31,105 jobs in June, the lowest monthly...Show More Summary

June Federal Reserve meeting minutes shows split on inflation outlook and asset sales

Federal Reserve policymakers were increasingly split on the outlook for inflation and how it might affect the future pace of interest rate rises.The details of the meeting, at which the U.S. central bank voted to raise interest rates,...Show More Summary

Online advertised job vacancies dropped in June after May increase

Online advertised vacancies decreased 45,800 to 4,763,400 in June, according to The Conference Board Help Wanted OnLine® (HWOL) Data Series. The May Supply/Demand rate stands at 1.43 unemployed for each advertised vacancy, with a total of 2.1 million more unemployed workers than the number of advertised vacancies. Show More Summary

CoreLogic: May home prices up 1.2 percent from April and 6.6 percent year-on-year

Home prices nationally increased year over year by 6.6 percent from May 2016 to May 2017, and on a month-over-month basis, home prices increased by 1.2 percent in May 2017 compared with April 2017.Looking ahead, the CoreLogic HPI Forecast...Show More Summary

Factory orders fell 0.8 percent in May, but capital equipment stronger than expected

New orders for U.S.-made goods fell 0.8 percent in May, but orders for capital equipment were a bit stronger than previously reported, suggesting the manufacturing sector remained on a moderate growth path.READ MORE www.metrointel.c...

Gallup: June Job Creation Index drops one point from record high

Gallup's Job Creation Index was virtually unchanged at +36 in June, down one point from last month's record high. For 16 straight months, the Job Creation Index has been at or over +30, signifying a greatly improved and steady job market compared with the years during and immediately after the Great Recession.READ MORE www.metrointel.com

Gallup: June consumer spending highest in that month since 2008

Americans' daily self-reports of spending averaged $103 in June, similar to their average of $104 in May. Last month represents the highest level of reported June spending since 2008, when spending averaged $104. It falls just short of the nine-year high of $114, from May 2008.READ MORE www.metrointel.com

PMI manufacturing index up nearly 3 points in June due to expanding business conditions

The June PMI registered 57.8 percent, an increase of 2.9 percentage points from the May reading of 54.9 percent. Comments from the panel generally reflect expanding business conditions; with new orders, production, employment, backlog...Show More Summary

Construction spending flat in May, residential fell 0.6 percent

Private residential construction fell 0.6% in May, the first decline in that category since April 2016 and its biggest decline since a 0.6% drop in July 2014. Non-residential construction declined 0.7%, the fifth straight monthly decline for the category.READ MORE www.metrointel.com

Personal income rose more than spending in May; price index shows lower inflation

Personal income increased 0.4 percent in May, disposable personal income (DPI) increased 0.5 percent and personal consumption expenditures (PCE) rose 0.1 percent. The PCE price index decreased 0.1 percent from April but rose 1.4 percent year-on-year. Show More Summary

June Chicago Business Barometer highest in over three years

The MNI Chicago Business Barometer rose to 65.7 in June from 59.4 in May, the highest level in over three years. Optimism among firms about business conditions rose for the fifth consecutive month. Four of the five Barometer components led June’s increase, with only Employment falling, albeit slightly. Show More Summary

Consumer sentiment slipped back in June, partisan gap at 39 points

Consumer confidence slipped to its lowest level since Trump was elected, although the overall level still remains quite favorable. The average level of the Sentiment Index during the first half of 2017 was 96.8, the best half-year average...Show More Summary

Initial unemployment claims rise 2,000 in latest report

In the week ending June 24, initial unemployment claims were 244,000, an increase of 2,000 from the previous week's revised level. The 4-week moving average was 242,250, a decrease of 2,750 from the previous week's revised average. READ MORE www.metrointel.com

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