by sslifer | Dec 6, 2023 | Commentary for the Week, NumberNomics Notes
2024 Economic Outlook Conference In times of uncertainty whether you are running a business or planning your investments, knowledge can be your most valuable asset. Stephen Slifer, Owner and Chief Economist at NumberNomics will provide insight regarding what to...
by sslifer | Dec 6, 2023 | NumberNomics Notes, Productivity
December 6, 2023 Non-farm productivity jumped 5.2% in the third quarter after climbing 3.6% in the second quarter after having declined 0.8% in the first quarter of this year. The second quarter increase consisted of a 6.1% increase in output combined with a 0.9%...
by sslifer | Dec 6, 2023 | NumberNomics Notes, Productivity
December 6, 2023 Unit labor costs might be a term that is not familiar to you. Unit labor costs represent the increase in compensation adjusted for the gains in productivity. You might think that if labor costs are rising that would put upward pressure on...
by sslifer | Dec 6, 2023 | NumberNomics Notes, Productivity
December 6, 2023 The Bureau of Labor Statistics indicated that hourly compensation rose 3.9% in the third quarter after jumping 6.2% in the second quarter and 6.5% in the first quarter. In the past year compensation has risen 4.0-%. Growth in hourly compensation is...
by sslifer | Dec 6, 2023 | Employment, NumberNomics Notes
December 6, 2023 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 5, 2023 | NumberNomics Notes, Purchasing Managers Index
December 5, 2023 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 tpdr 1.0 point in November to 55.1 after having fallen 4.7...
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