by sslifer | Oct 4, 2024 | Employment, NumberNomics Notes
October 4, 2024 Average hourly earnings rose 0.4% in September to $35.36 after having risen 0.5% 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 the flood of workers from...
by sslifer | Oct 4, 2024 | Employment, NumberNomics Notes
October 4, 2024 The average duration of unemployment rose 1.6 weeks in September to 22.6 after having risen 0.4 week in August. Its current level is roughly where it was prior to the recession in early 2020. After declining slowly for more than one year, it has...
by sslifer | Oct 3, 2024 | NumberNomics Notes, Purchasing Managers Index
October 3, 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 jumped 6.6 points to 59.9 in September after declining 1.2...
by sslifer | Oct 2, 2024 | Employment, NumberNomics Notes
October 2, 2024 As shown above the ADP survey shows a respectable correlation with the private sector portion of the payroll employment data to be released a couple of days later. And well it should. ADP, or Automatic Data Processing, Inc. is a provider of...
by sslifer | Oct 1, 2024 | Housing, NumberNomics Notes
October 1 2024 Construction spending (the green bars above) declined 0.1% in August after having fallen 0.5% in July and 1.1% in June. Construction spending climbed sharply in the first four months of this year, but it has...
by sslifer | Oct 1, 2024 | NumberNomics Notes, Purchasing Managers Index
October 1, 2024 The Institute for Supply Management’s index of conditions in the manufacturing sector was unchanged in September at 47.2 after having risen 0.4 point in August. While 50.0 is the breakeven point for the manufacturing sector, a level of 42,5 is...
Follow Me