Okay, so today we have more moving parts than a Swiss watch. So, let’s make some sense of this stuff
Challenger Job Cuts YoY BAD, HIGHEST NUMBER IN 8 MONTHS
NAPM – Milwaukee GREAT NUMBER, WAY ABOVE EXPECTATIONS
ADP Employment Change FEWER JOBS ADDED THAN EXPECTED, NO BIGEE
GDP QoQ Annualized NOT GOOD, GDP GROWTH DROPS, WE NEED STRONGER GDP GROWTH
Personal Consuption NOT GOOD, LOWER THAN EXPECTED
GDP Price Index GOOD, SLIGHTLY HIGHER THAN EXPECTED
Core PCE QoQ GOOD, AS EXPECTED
Initial Jobless Claims BAD, INCREASING CLAIMS AIN’T A GOOD THING
Continuing Claims NOT SO BAD, LOWER THAN EXPECTED
What a mess! A muddy economic picture at best. Clearly we ain’t doing great, but then again, we ain’t Europe either.
Economic Event | Period | Economic Survey | Actual Reported | Original Prior | Revised Prior |
Challenger Job Cuts YoY | MAY | | 66.7% | 11.2% | |
NAPM - Milwaukee | MAY | 53.4 | 57.7 | 5290.0% | |
ADP Employment Change | MAY | 150K | 133K | 119K | 113K |
GDP QoQ Annualized | 1Q S | 1.9% | 1.9% | 2.2% | |
Personal Consuption | 1Q S | 2.9% | 2.7% | 2.9% | |
GDP Price Index | 1Q S | 1.5% | 1.7% | 1.5% | |
Core PCE QoQ | 1Q S | 2.1% | 2.1% | 2.1% | |
Initial Jobless Claims | MAY 26 | 370K | 383K | 370K | 373K |
Continuing Claims | MAY 19 | 3250K | 3242K | 3260K | 3278K |
John Broussard
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury
Ph: 225-342-0013
Fx: 225-342-9721
Email: jbroussard@treasusry.state.la.us
Street Address:
445 North Blvd, 7th Floor
Baton Rouge, LA 70802
Mailing Address:
P.O. Box 44154 Capitol Station
Baton Rouge, LA 70804-4154
Physical Location:
One City Plaza, 7th Floor
Corner of North Blvd & 4th Street
Exit 1B I-110 Convention Street,
Turn Left to get to North Blvd,
Turn Right on North Blvd
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