Purchasing Managers Index — Nonmanufacturing
November 5, 2024 The Institute for Supply Management not only publishes an index of manufacturing activity each month, they publish two days later a survey of service sector firms. The business activity index backtracked by 2.7 points in October to 57.2 after...
GDP, Inflation, and Interest Rate Forecasts
November 4, 2024 The Fed cut the funds rate 0.5% in September which puts it in a range from 4.75%-5.0%. It was the first of what will prove to be a series of rate cuts ultimately reducing the funds rate to 3.3% GDP climbed by 2.8% in the third quarter and we...
2025 Economic Outlook Conference
2025 Economic Outlook Conference In times of uncertainty whether you are running a business or planning your investments, knowledge can be your most valuable asset. Stephen Slifer, Owner and Chief Economist at NumberNomics will provide insight...
Misplaced Fear About Rising Inflation
November 1, 2024 Inflation fears have permeated the bond market as the yield on the 10-year note has risen 0.7% since mid-September. This dramatic increase seems to reflect inflation concerns stemming from the policies advocated by both presidential candidates. ...
Purchasing Managers Index
November 1, 2024 The Institute for Supply Management’s index of conditions in the manufacturing sector declined 0.7 point in October to 46.5 after having been unchanged in September at 47.2. While 50.0 is the breakeven point for the manufacturing sector, a level...
Payroll Employment
November 1, 2024 Payroll employment rose of just 12 thousand in October after having climbed 223 thousand in September and 78 thousand in August. In addition to the smaller-than-expected increase in payroll employment in October, the August and September increases...
Private Employment
November 1, 2024 Private sector employment fell by 28 thousand in October after having climbed 192 thousand in September and 37 thousand in August. In addition to the unexpected drop in private sector employment in October, the August and September increases were...
Unemployment Rate
November 1, 2024 The unemployment rate was unchanged in October at 4.1% after having fallen 0.1% in September and having declined 0.1% August. In October the labor force fell 220 thousand.. Employment declined 368 thousand. As a result, the number of unemployed...
Nonfarm Workweek
November 1, 2024 In any given month employers can boost output by either additional hiring workers or by lengthening the number of hours that their employees work. Payroll employment climbed by 12 thousand in October. At the same time the nonfarm workweek was...
Average Hourly Earnings
November 1, 2024 Average hourly earnings rose 0.4% in October to $35.46 after having increased 0.3% September and 0.4% in August. Earnings growth has slowed from 4.3% at the end of last year to 4.0% currently. The earlier decline in earnings appears to reflect...
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