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Succinct Summation of Week’s Events 5.3.19
Succinct Summations for the week ending May 3rd, 2019 Positives: 1. Unemployment rate fell from 3.8% to 3.6% in April. 2. Non-farm payrolls came in at 263k m/o/m, above the expected 180k. 3. ADP employment report shows private payrolls coming in at 275k, above expected 180k. 4. Pending home sales rose 3.8% m/o/m, greater than the expected increase of 0.7%. 5. Consumer confidence rose from 124.2 to 129.2 in April, above expected 127.1. 6. Factory orders rose 1.9% m/o/m, above the expected increase of 1.5% 7. PMI manufacturing index finished April at 52.6, slightly above previous 52.4. Negatives: 1. Home mortgage apps ... (full story)