Economy in Brief: November 2015

Consumer credit outstanding surged $28.9 billion (7.1% y/y) during September following an unrevised $16.0 billion August rise. It was the largest increase in postwar history and lifted y/y growth to 7.1%. Expectations were for a $17.2 [...]

The Labor Market Conditions Index from the Federal Reserve Board includes 19 indicators of labor market activity, covering the broad categories of unemployment and underemployment. These include jobs, workweeks, wages, vacancies, [...]

The Bank of France indicator moved up to 98.7 in October from 97.8 in September. It is still below its long-term average of 100. Nonetheless, the pick-up in this indicator has the Bank of France looking for growth of 0.4% in Q4 2015, [...]

Consumer credit outstanding surged $28.9 billion (7.1% y/y) during September following an unrevised $16.0 billion August rise. It was the largest increase in postwar history and lifted y/y growth to 7.1%. Expectations were for a $17.2 [...]

The labor market exhibited unexpected strength last month. Nonfarm payroll employment increased 271,000 during October following revised gains of 137,000 and 153,000 during the prior two months. Together, revisions added 12,000 jobs. [...]

German IP drops for the second consecutive month in September. That pairs with a string of declines in real manufacturing orders to create a poor performance in September and a weak outlook ahead. This is not what the ECB had wanted [...]

The labor market exhibited unexpected strength last month. Nonfarm payroll employment increased 271,000 following revised gains of 137,000 and 153,000 during the prior two months. Together, revisions added 12,000 jobs. The latest [...]

The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during October declined to 50,504 (-1.3% y/y) following the prior month's sharp decline to 58,877. Layoffs fell in the aerospace/defense, [...]