Market News

News by the Numbers: Week of March 19, 2018

Five noteworthy figures from the previous week

6.3 million
Job openings in the U.S. at the end of January.

The Department of Labor reported this figure – the largest number recorded by its Job Openings and Labor Turnover survey (JOLTS) since its inception in 2001. Openings increased by 654,000 in the first month of 2018, making January the best month in more than two years for new jobs.

Source: latimes.com/business/la-fi-job-openings-20180316-story.html [3/16/18]

$168
The year-over-year increase in the monthly mortgage payment for a median-priced home.

Last March, Realtor.com calculated this payment as $1,318. Its new calculation: $1,486.

Source: marketwatch.com/story/buying-a-home-this-spring-brace-yourself-for-some-tough-decisions-2018-03-14 [3/14/18]

102.0
The latest reading on the University of Michigan’s index of consumer sentiment.

The preliminary March reading for this key leading economic indicator (two readings are taken per month) represents a 14-year peak. A year ago, the index was at 96.9.

Source: sca.isr.umich.edu/ [3/16/18]

$43.3 billion
Total cash inflows into U.S.-focused equity funds during the week ending March 16.

Never has so much money poured into such investment vehicles in a single week. In another bullish note, a new American Association of Individual Investors survey found investor pessimism at a low unseen since the first week of the year.

Source: cnbc.com/2018/03/16/investors-just-pumped-the-most-money-ever-into-stock-funds-for-a-single-week.html [3/16/18]

$2.53
The national average price of a gallon of gas last Friday.

One year ago, the price of a gallon of regular unleaded averaged $2.29 in comparison.

Source: gasprices.aaa.com/ [3/16/18]

 

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