August 13, 2020 Headlines

Initial jobless claims came in better than expected and posted a reading of less than a million for the first time since March. The median forecast called for 1.1 million in new claims while actual claims came in 963,000. While recent labor market data has shown signs of improvement, the overall market continues to struggle with nearly 15.5 million American still filing for unemployment benefits.

Hafizan Hamzah
Director, Investment Management Group

Date	Event	Survey	Actual	Prior	Revised
8/10/20	JOLTS Job Openings	5300	5889	5397	5371
8/11/20	NFIB Small Business Optimism	100.5	98.8	100.6	—
8/11/20	PPI Final Demand MoM	0.30%	0.60%	-0.20%	—
8/11/20	PPI Ex Food and Energy MoM	0.10%	0.50%	-0.30%	—
8/11/20	PPI Ex Food, Energy, Trade MoM	0.20%	0.30%	0.30%	—
8/11/20	PPI Final Demand YoY	-0.70%	-0.40%	-0.80%	—
8/11/20	PPI Ex Food and Energy YoY	0.00%	0.30%	0.10%	—
8/11/20	PPI Ex Food, Energy, Trade YoY	0.10%	0.10%	-0.10%	—
8/12/20	MBA Mortgage Applications	—	6.80%	-5.10%	—
8/12/20	CPI MoM	0.30%	0.60%	0.60%	—
8/12/20	CPI Ex Food and Energy MoM	0.20%	0.60%	0.20%	—
8/12/20	CPI YoY	0.70%	1.00%	0.60%	—
8/12/20	CPI Ex Food and Energy YoY	1.10%	1.60%	1.20%	—
8/12/20	CPI Index NSA	258.54	259.1	257.797	—
8/12/20	CPI Core Index SA	266.59	267.72	266.065	—
8/12/20	Real Avg Hourly Earning YoY	—	3.70%	4.30%	4.10%
8/12/20	Real Avg Weekly Earnings YoY	—	4.30%	4.60%	4.70%
8/12/20	Monthly Budget Statement	-$90.0b	-$63.0b	-$119.7b	—
8/13/20	Import Price Index MoM	0.60%	0.70%	1.40%	—
8/13/20	Import Price Index ex Petroleum MoM	0.10%	0.20%	0.30%	—
8/13/20	Import Price Index YoY	-3.10%	-3.30%	-3.80%	-3.90%
8/13/20	Export Price Index MoM	0.40%	0.80%	1.40%	1.20%
8/13/20	Export Price Index YoY	—	-4.40%	-4.40%	-5.10%
8/13/20	Initial Jobless Claims	1100k	963k	1186k	1191k
8/13/20	Continuing Claims	15800k	15486k	16107k	16090k
8/13/20	Bloomberg Consumer Comfort	—	—	44.9	—
8/14/20	Retail Sales Advance MoM	2.00%	—	7.50%	—
8/14/20	Retail Sales Ex Auto MoM	1.30%	—	7.30%	—
8/14/20	Retail Sales Ex Auto and Gas	1.00%	—	6.70%	—
8/14/20	Retail Sales Control Group	0.80%	—	5.60%	—
8/14/20	Nonfarm Productivity	1.50%	—	-0.90%	—
8/14/20	Unit Labor Costs	6.90%	—	5.10%	—
8/14/20	Industrial Production MoM	3.00%	—	5.40%	—
8/14/20	Capacity Utilization	70.30%	—	68.60%	—
8/14/20	Manufacturing (SIC) Production	3.00%	—	7.20%	—
8/14/20	Bloomberg Aug. United States Economic Survey
8/14/20	Business Inventories	-1.10%	—	-2.30%	—
8/14/20	U. of Mich. Sentiment	71.9	—	72.5	—
8/14/20	U. of Mich. Current Conditions	82.3	—	82.8	—
8/14/20	U. of Mich. Expectations	65.5	—	65.9	—
8/14/20	U. of Mich. 1 Yr Inflation	2.90%	—	3.00%	—
8/14/20	U. of Mich. 5-10 Yr Inflation	—	—	2.60%	—

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