Consumer market
- US 1Q productivity up +1.6% from +0.8% prior estimation, better than expect +1.2%
- US Apr factory orders up +0.7% from -1.9% in Mar, worse +0.9%
- US May ISM index up to 42.8 from 40.1 in Apr, same 42.3
- US Apr Personal spending down -0.1% from -0.3% in Mar, better -0.2%
- Consumer market looks good and more sight to stablize
House market
- US Apr pending home sales up +6.7% from +3.2% in Mar, better +0.5%
- US Apr construction spending up +0.8% from +0.4% in Mar, better -1.5%
- Find some pick up in here, more trend analysis need to be done
Job market
- US May unemployment rate up to 9.4% from 8.9% in Apr, worse 9.2%
- US May job pos down -345k from -504k in Apr, better -520k
- US 05/30 initial jobless claim down to 621k from 625k, same 620k
- US Apr personal income up +0.5% from -0.2% in Mar, better -0.2%
- CA May unemployment rate up to 8.4% from 8.0% in Apr
- Not that impressive to me, but it is in line with my expectation
- To explain why U rate up 0.5% while job pos down only 345k, I think it is because more ppl start looking for jobs while less laid off is happening.
- No matter what, with 9.4% unemployment rate, it will keep consumer off from spending
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