- Monster Employment Index (Released 6:00 EST)
- MBA Mortgage Applications (Released 7:00 EST)
- MBA Mortgage Purchases (Released 7:00 EST)
- MBA Mortgage Refinances (Released 7:00 EST)
- Challenger Job Cuts YoY (Released 7:30 EST)
- ADP Employment Change YoY (Released 8:15 EST)
- RPX Composite 28dy YoY (Released 9:00 EST)
- RPX Composite 28dy Index (Released 9:00 EST)
- Factory Orders YoY (Released 10:00 EST)
- Factory Orders MoM (Released 10:00 EST)
- Factory Orders Table (Released 10:00 EST)
Monster Employment Index (Jun)
| Survey | n/a |
| Actual | 163 |
| Prior | 166 |
| Revised | 174 |
Down some, previously revised up, may be starting to level off.
MBA Mortgage Applications (Jun 27)
| Survey | n/a |
| Actual | 3.6% |
| Prior | -9.3% |
| Revised | n/a |
MBA Mortgage Purchases (Jun 27)
| Survey | n/a |
| Actual | 342.8 |
| Prior | 333.4 |
| Revised | n/a |
Up some in the new, lower range.
In the past this level of applications was associated with housing starts maybe 50% higher but what was still considered low levels.
MBA Mortgage Refinances (Jun 27)
| Survey | n/a |
| Actual | 1269.2 |
| Prior | 1212.2 |
| Revised | n/a |
Falling off but the number of adjustable rate resets coming due has crested as well.
Challenger Job Cuts YoY (Jun)
| Survey | n/a |
| Actual | 46.7% |
| Prior | 45.6% |
| Revised | n/a |
Moved up some but still well off previous recession levels.
ADP Employment Change YoY (Jun)
| Survey | -20K |
| Actual | -79K |
| Prior | 40K |
| Revised | 25K |
Looks to be continuing its slow grind lower of the last few years.
The Fed sees some of this as long term demographics via a shrinking labor force participation rate.
Karim writes:
ADP for June -79k; has overstated nfp by an average of 77k per mth for past year.
NFP has been weaker than ADP every mth in 2008; it should actually be stronger as NFP includes govt payrolls.
I suppose there is always a first, but it does look like NFP could be well south of -100k tomorrow.
RPX Composite 28dy YoY (Apr)
| Survey | n/a |
| Actual | -14.67% |
| Prior | -13.97% |
| Revised | n/a |
RPX Composite 28dy Index (Apr)
| Survey | n/a |
| Actual | 234.41 |
| Prior | 235.40 |
| Revised | n/a |
Factory Orders YoY (May)
| Survey | n/a |
| Actual | 5.0% |
| Prior | 4.0% |
| Revised | n/a |
Better than expected and actually seems to be moving up in general.
Factory Orders MoM (May)
| Survey | 0.5% |
| Actual | 0.6% |
| Prior | 1.1% |
| Revised | 1.3% |
Better than expected and last month revised up some.
Factory Orders Table (May)
Defense kicking in – may be 2007 spending that was moved forward to 2008.
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