by sslifer | Jan 8, 2025 | Employment, NumberNomics Notes
January 8, 2025 Initial unemployment claims fell 10 thousand in the week ending January 4 to 201 thousand after declining 9 thousand in the previous week. This series has changed very little in the past nine months. The 4-week average of claims was 210 thousand at...
by sslifer | Jan 7, 2025 | NumberNomics Notes, Purchasing Managers Index
January 7, 2025 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 rose 4.5 points in December to 58.2 after having declined...
by sslifer | Jan 7, 2025 | Employment, NumberNomics Notes
January 7, 2025 The Labor Department reported that job openings rose 259 thousand in November to 8,098 thousand after climbing 497 thousand in October. The pace of economic activity has remained solid while the labor market has softened very gradually. Job...
by sslifer | Jan 3, 2025 | Commentary for the Week, NumberNomics Notes
January 3, 2025 Throughout the summer the Federal Reserve suggested strongly that inflation had subsided sufficiently that it would soon begin to cut rates. In September the Fed finally reduced the funds rate 0.5% to 4.75-5.0%, suggested it would lower the funds rate...
by sslifer | Jan 3, 2025 | NumberNomics Notes, Purchasing Managers Index
January 3, 2025 The Institute for Supply Management’s index of conditions in the manufacturing sector rose 0.9 point in December to 49.3 after climbing 1.9 points in November. This is the highest level for this index since March of last year. A level of 49.3 is...
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