This Week’s Data
The International Council of Shopping Centers reported weekly sales of major retailers up 0.4% versus the prior week and up 2.8% versus the comparable period a year ago; Redbook Research reported month to date retail chain store sales up 3.1% on a year over year basis.
The May Institute for Supply Management’s nonmanufacturing index came in at 53.7 versus expectations of 53.5.
Weekly mortgage applications rose 1.3% though purchase applications slipped 1.8%.
First quarter productivity fell 0.9% versus estimates of down 0.8%; unit labor costs rose 1.3% versus forecasts of up 2.2%.
More on the MF Global debacle (medium):
My favorite liberal on the Wisconsin recall vote (short):
And George Will (medium):
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