U.S. Freight Carloads Weekly – May 4, 2012
U.S. railroads originated 283,080 carloads, down 4.2% compared with the same week in 2011 and down 3.3% in relation to 5-year average. Week over week change was +0.3%.
Archive for May 4th, 2012
April Nonfarm Payrolls Rose 115.000; Private Payrolls Up 130.000; Unemployment Rate At 8.1%
Nonfarm payrolls rose 115.000 in April; Consensus was at 160.000; March reading was an increase of 154.000 (revised up 34.000). Unemployment was reported at 8.1% vs. prior reading and consensus of also 8.2%.
Private payrolls were up 130.000 vs. 165.000 consensus and 166.000 reading in March (revised up 45.000).
U.S. Petroleum Weekly – May 4, 2012
The oil price is holding up quite well despite weaker demand and higher stockpiles. The reason for that are tightness in the brent market (which reflects in other markets via. arbitrage) and geopolitical risks (mostly related to Iran nuclear program).
U.S. Natural Gas Weekly – May 4, 2012
Working gas in storage rose 28 Bcf from previous week. Consensus was at 29 Bcf.
Storage level is massive 810 Bcf higher than same time year ago and way above 5-year average.
Abundance of supply.