by sslifer | Jan 10, 2025 | Employment, NumberNomics Notes
January 10, 2025 The average duration of unemployment rose 0.1 week in December to 23.7 weeks after having jumped 0.7 week in November. It appears that unemployment workers are having a somewhat more difficult time becoming reemployed. Stephen Slifer NumberNomics...
by sslifer | Jan 8, 2025 | Employment, NumberNomics Notes
January 8, 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 | 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 6, 2025 | NumberNomics Notes, Retail Sales
January 6, 2025 Unit car and truck sales rose 0.9% in December to 16.798 million after climbing 3.3% in November, 2.2% % in October, and 4.0% in September. Car sales in recent months have picked up from the 15.5-16.0 million pace that existed for more than a year to...
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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