Latest update: June 1, 2001

Dec00 Jan01 Feb01 Mar01 Apr01 May01

UI Claims wk 1 352/345 341/360 361/331 375/357 396/382 388/404
(wk/4wk) wk 2 322/343 300/347 344/342 380/366 389/384 392/404
wk 3 354/347 311/332 333/347 382/378 412/395 411/404
wk 4 370/350 350/326 374/353 365/376 425/406 419/403
wk 5 375/355 384/378

Nonfarm Payrolls +88k +61k +167k +59k -182k -19k
Mfg Payroll -33k -92k -65k -76k -113k -124k
Unemployment 4.0% 4.2% 4.2% 4.3% 4.5% 4.4%
Avg wkly hours 34.2 34.4 34.3 34.3 34.2 34.3
Avg hrs - Mfg 40.6 41.0 40.9 41.0 41.0 40.8
Aggr Hrs Index -0.4% +0.7% -0.3% +0.2% -0.3% UNCH
Aggr Hrs - Mfg -1.6% +0.3% -1.0% -0.3% -0.6% -1.5%
Hourly Earnings +0.4% UNCH +0.6% +0.4% +0.4% +0.3%

PPI +0.1% +1.1% +0.1% -0.1% +0.3%
PPI core +0.1% +0.5% -0.3% +0.1% +0.2%
CPI +0.2% +0.6% +0.3% +0.1% +0.3%
CPI core +0.1% +0.3% +0.3% +0.2% +0.2%
Import Prices -0.6% UNCH -0.8% -1.5% -0.5%

NAPM Prices Paid 62.2 65.7 58.1 49.9 48.9 45.2

M2 (bln) +$39.3 +$50.9 +$45.2 +$61.2 +$43.6

C&I loans (bln) 1094.3 1109.0 1117.5 1117.8 1114.3
Treasury Budget +$32.7 +$76.4 -$48.2 -$50.7 +$189.8
Consumer Credit +$7.1 +$16.0 +$13.4 +$6.1

Cons Confidence 128.6 115.7 109.2 116.9 109.9 115.5
Mich. Sentiment 98.4 94.7 90.6 91.5 88.4 92.0

Car Sales, rate 5.8 6.7 6.9 6.4 6.4
Truck Sales 6.7 7.5 7.6 7.8 7.2
Total 12.5 14.2 14.5 14.2 13.6

Retail Sales UNCH +1.5% +0.1% -0.3% +1.1%
Ex. autos -0.2% +1.7% -0.1% -0.3% +0.8%

Personal Income +0.5% +0.6% +0.5% +0.5% +0.3%
Pers Spending +0.3% +1.1% +0.1% +0.2% +0.4%

NAPM Index 44.3 41.2 41.9 43.1 43.2 42.1
Chicago Purch 45.2 40.2 43.2 35.0 38.9 38.7
Phila. Fed -4.2 -36.8 -30.5 -23.5 -7.2 -8.8

Ind Production -0.6% -0.9% -0.4% -0.1% -0.3%
Capacity Util 80.6% 79.7% 79.2% 78.9% 78.5%

Factory Orders UNCH -6.3% +2.3% +1.4%
Durables -0.2% -10.7% +3.9% +2.2% -5.0%
Ex. defense +1.6% -11.0% +2.8% +1.0% -4.3%
Ex.transport. -0.7% -6.1% +2.0 -2.8% -3.3%
Nondurables +0.3% -0.5% +0.3% -0.6%

Mfg Shipments -0.4% -1.6% -0.4% +0.4%

Bus. Inventories UNCH +0.2% -0.3% -0.3%
Factory -0.1% +0.4% -0.2% -0.6%
Wholesale +0.1% -0.3% -0.2% +0.1%
Retail +0.1% +0.3% -0.4% -0.1%

Housing Starts 1.532 1.666 1.623 1.586 1.609
Building Permits 1.553 1.724 1.663 1.627 1.587
NAHB Index 58 55 57 58 57 57

New Home Sales 1,001 938 966 988 894
Existing Homes 4.94 5.20 5.19 5.43 5.20

Construct Spend +0.3% +3.0% +0.9% +1.1% +0.3%
Residential +0.5% +2.6% +2.7% +0.1% +0.7%
Nonresidential -2.1% +5.4% -1.1% +3.3% -0.9%

Trade Balance (bln) -$33.2 -$33.3 -$26.9 -$31.2
Exports $89.2 $89.6 $90.4 $89.5
Imports $122.4 $122.8 $117.2 $120.6
Goods Only, BOP -$39.6 -$39.5 -$33.2 -$37.6

Leading index -0.5% +0.4% -0.2% -0.2% +0.1%

4Q 1Q adv 1Q pre
GDP (chain-wt) +1.0%f +2.0% +1.3%
Final Sales +1.7%f +4.6% +4.4%
Chain prices +2.0%f +3.2% +3.2%
Current-dollar +3.0%f +5.2% +4.6%

Nonfarm Product +2.0% -0.1%
Unit labor costs +4.5% +5.2%

ECI (qtr/qtr) +0.9% +1.1%