by sslifer | Apr 7, 2025 | Employment, NumberNomics Notes
April 7, 2025 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 228 thousand in March In the past three months the average increase has...
by sslifer | Apr 7, 2025 | Employment, NumberNomics Notes
April 7, 2025 Average hourly earnings rose 0.3% in March to $36.00 after rising 0.2% in February and 0.4% in January. Earnings growth in the past year has been 3.8%. While nominal earnings have risen 3.8% in the past year, inflation has risen fairly quickly and...
by sslifer | Apr 6, 2025 | NumberNomics Notes, Purchasing Managers Index
April 6, 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 1.5 points in March after declining 0.1 point in...
by sslifer | Apr 6, 2025 | NumberNomics Notes, Purchasing Managers Index
April 6, 2025 The Institute for Supply Management’s index of conditions in the manufacturing sector declined 1.3 points in March to 49.0 after having fallen 0.6 point in February. For the previous two months this index was above the break-even level of 50.0 but if...
by sslifer | Apr 6, 2025 | Employment, NumberNomics Notes
,April 6, 2025 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 | Mar 28, 2025 | Consumer
March 28, 2025 Personal consumption expenditures rose 0.4% in February after having fallen 0.3% in January. In the past year nominal spending has risen 5.3% What we are really interested in is “real” or inflation-adjusted spending. That is what goes into...
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