by sslifer | Dec 6, 2024 | Employment, NumberNomics Notes
December 6, 2024 The average duration of unemployment rose 0.8 week in November to 23.7 weeks after climbing 0.3 week in October, 0.6 week in September, and 0.4 week in August. It appears that unemployment workers are having a somewhat more difficult time becoming...
by sslifer | Dec 4, 2024 | NumberNomics Notes, Retail Sales
December 4, 2024 Unit car and truck sales rose 1.5% in November to 16.495 million after climbing 3.1% in October and 3.4% in September. Car sales in recent months seem to be picking up from the 15.5-16.0 million pace that existed for more than a year. We saw GDP...
by sslifer | Dec 4, 2024 | Employment, NumberNomics Notes
December 4, 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 | Dec 3, 2024 | NumberNomics Notes, Purchasing Managers Index
December 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 declined 3.5 points in November to 53.7 after backtracking...
by sslifer | Dec 3, 2024 | Employment, NumberNomics Notes
December 3, 2024 The Labor Department reported that job openings rose 402 thousand in October to 7,744 thousand after having declined 519 thousand in September. The pace of economic activity has remained solid while the labor market has softened very gradually. ...
by sslifer | Dec 2, 2024 | NumberNomics Notes, Purchasing Managers Index
December 2, 2024 The Institute for Supply Management’s index of conditions in the manufacturing sector rose 1.9 points in November to 48.4 after having declined 0.7 point in October. While 50.0 is the breakeven point for the manufacturing sector, a level of 42,5 is...
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