Full text of U.S. Financial Data : June 24, 1999

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

June 24, 1999

USFinancialData
THE WEEK'S HIGHLIGHTS:
According to the advance report, new orders for manufactured
durable goods rose 1.4 percent in May, paced by a 9.5 percent
rise in transportation orders. Excluding transportation, however,
durable goods orders fell 0.7 percent. Factory shipments of
durable goods rose 1 percent in May, following a 0.4 percent
decline in April. Year-to-date, durable goods orders are up
1 percent, while shipments have risen 2 percent.
Initial claims for state unemployment insurance benefits totaled
302,000 for the week ending June 19. Measured on a four-week
moving average basis, unemployment claims totaled 309,250 for
the week ending June 19, up 1.8 percent from four weeks earlier
but down 8 percent from a year earlier.
The U.S. Treasury Department reported that the federal government
posted a $24 billion budget deficit in May. Through the first
eight months of fiscal year 1999, the federal government ran
a $40.7 billion surplus, $24.7 billion more than the same period
a year earlier.
The Conference Board’s index of Help Wanted Advertising rose
2 percentage points in May to 89 percent (1987=100). May’s
reading was down 2 percentage points from a year earlier.
Bank credit totaled $4,515.8 billion for the week ending June 9,
down 0.5 percent from the week ending Dec. 30, 1998, but up
6.2 percent from a year earlier (see Page 10).
All data are seasonally adjusted unless otherwise indicated.
U.S. Financial Data is published weekly by the Research Division of the Federal Reserve Bank of
St. Louis. For more information on data, please call (314) 444-8590. To be added to the mailing
list, please call (314) 444-8808 or (314) 444-8809.
Information in this publication is also included in the Federal Reserve Economic Data (FRED) electronic
bulletin board at (314) 621-1824 or internet World Wide Web server at www.stls.frb.org/fred.