Daily Roundup of Key US Economic Data for June 2

The RealClearMarkets's sentiment index, the first consumer measure for June, fell to 42.5 from 42.6 in May, reflecting declines in two of the three components and indicating increased concerns about the near future.

Any reading below 50 indicates more pessimism than optimism.

Job openings increased in April and separations declined, but hiring decreased.

Redbook reported that US same-store retail sales were up 9.0% year-over-year in the week ended May 30, the same pace as in the prior week. Sales were boosted by graduation merchandise, apparel, footwear, and women's accessories.

June US RealClearMarkets/TIPP Optimism Index Declines Slightly

The first look at consumer confidence for June fell slightly from May, with the RealClearMarkets' monthly index falling to 42.5 from 42.6 in the previous month on declines in two out of its three components.A reading above 50 suggests optimism, while a reading below 50 suggests pessimism.The six-month outlook index decreased to 37.1 in June from 37.8 in May, the outlook for personal finances decreased slightly to 50.1 from 50.3 and the measure of confidence in Federal Economic Policies increased to 40.2 from 39.8.The Financial Related Stress Index rose to 64.3 in June from 62.1 in May, an indication of increased financial concerns."June tells the story of an economy stuck in low gear rather than one in freefall," said Raghavan Mayur, president of TechnoMetrica. "For a third straight month, the headline index barely moved, settling into the low 40s. But the calm is uneven. The Six-Month Economic Outlook fell again to 37.1, its weakest level in two years, showing that Americans' worries about the months ahead have not lifted."Financial stress rebounded, with investors now indicating more pessimism than optimism for the first time since 2024 to join non-investors below that breakeven point, Mayur noted.

April US Job Openings Rise, Hiring Falls

US job openings rose to 7.618 million in April according to the Bureau of Labor Statistics, more than the 6.866 million openings expected in a survey compiled by Bloomberg and up from the 6.887 million openings reported in March.The April level represents 4.6% of total employment, up from 4.2% in March and 4.3% a year earlier.At the same time, hiring fell to 5.116 million from 5.535 million in March, decreasing the hiring rate to 3.2% from 3.5% and 3.4% a year ago.Separations declined in the month to 4.978 million from 5.377 million in March. Quits and layoffs both decreased.

Daily Roundup of Key US Economic Data for June 2

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International7h ago
June US RealClearMarkets/TIPP Optimism Index Declines Slightly
The first look at consumer confidence for June fell slightly from May, with the RealClearMarkets' monthly index falling to 42.5 from 42.6 in the previous month on declines in two out of its three components.A reading above 50 suggests optimism, while a reading below 50 suggests pessimism.The six-month outlook index decreased to 37.1 in June from 37.8 in May, the outlook for personal finances decreased slightly to 50.1 from 50.3 and the measure of confidence in Federal Economic Policies increased to 40.2 from 39.8.The Financial Related Stress Index rose to 64.3 in June from 62.1 in May, an indication of increased financial concerns."June tells the story of an economy stuck in low gear rather than one in freefall," said Raghavan Mayur, president of TechnoMetrica. "For a third straight month, the headline index barely moved, settling into the low 40s. But the calm is uneven. The Six-Month Economic Outlook fell again to 37.1, its weakest level in two years, showing that Americans' worries about the months ahead have not lifted."Financial stress rebounded, with investors now indicating more pessimism than optimism for the first time since 2024 to join non-investors below that breakeven point, Mayur noted.

International7h ago
April US Job Openings Rise, Hiring Falls
US job openings rose to 7.618 million in April according to the Bureau of Labor Statistics, more than the 6.866 million openings expected in a survey compiled by Bloomberg and up from the 6.887 million openings reported in March.The April level represents 4.6% of total employment, up from 4.2% in March and 4.3% a year earlier.At the same time, hiring fell to 5.116 million from 5.535 million in March, decreasing the hiring rate to 3.2% from 3.5% and 3.4% a year ago.Separations declined in the month to 4.978 million from 5.377 million in March. Quits and layoffs both decreased.

International7h ago
US RealClearMarkets/TIPP Economic Optimism Index Falls to 42.5 in June From 42.6 in May