The national summary from mid-May through June is that; The economy continued to expand in all 12 districts at a slight to moderate pace.  Tight labor markets are reducing the rate of hiring and causing wages to rise moderately.

In May, consumer credit increased at a seasonally adjusted annual rate (SAAR), of 5.9%. Revolving credit increased at an annual rate of 6.4% percent, while nonrevolving credit increased at an annual rate of 6.4% percent.

The Bureau of Labor Statistics (BLS) reported today that there were 222,000 new job created in June. This brings the total number of seasonally adjusted (SA), non-farm people employed in the US in June was 146,404,000, +0.15% month on month, (m/m).

Data from the Bureau of Economic Analysis (BEA), shows that total light (cars and light truck/SUVs), vehicle sales in June were at an annual rate, of 16.810 million (M), units, down 182,000 units or 1.1% from May.

The total number of operating rigs in the US the week ending July 5^th was 956, 733 oil and 184 gas. Month on month (m/m), oil rigs were up 3.1% and gas rigs were up 1.1%, for an overall increase of 2.6%.

The three month moving average (3MMA), BDI for June was 1,022, down 8.4%, 3MMA month on month (m/m), but up 66.8%, 3MMA year on year, (y/y).