Page 131 - Philly Fed News Today

The BLS Job Openings and Labor Turnover Survey (JOLTS) can be used as a predictor of future job growth, and the predictive elements show that the year-over-year growth rate of unadjusted private non-farm job openings year-over-year rate of growth improved but remains in contraction. Analyst Opinion of JOLTS Data The unadjusted data this month remained well below average for the rate of growth seen before the beginning of 2019. However, the pandemic effects will drive this data, and forecasts u...

NY resolution to get a better-paying job? This free new tool can help Updated Jan 01, 2021; Posted Jan 01, 2021 To find a job with a similar set of skills, and a promise of at least a 10% pay increase, users navigate to a “build your path” screen. There they input their original occupation and metro area from a drop-down menu. The software responds with alternative jobs, scored mathematically by their degree of match.Lynne Sladky | AP Photo Facebook Share Job seekers can increase their ea...

The New York Feds Weekly Leading Index (WLI) continues to show an economy that is just above the worst seen during the Great Recession. However, this index remains on a recovery trend based on the 13 week rolling average.. Analyst Opinion of the Weekly Leading Index This data set should be considered a high-frequency coincident indicator on a par with the Aruoba-Diebold-Scotti Business Conditions Index produced by the Philly Fed - and both show conditions caused by the coronavirus pandemic are ...

6 Min Read WASHINGTON (Reuters) - The number of Americans filing first-time claims for jobless benefits unexpectedly rose last week as a relentless wave of new COVID-19 infections hobbled business operations, offering more evidence that the economy’s recovery from the pandemic recession was faltering. That was underscored by other data on Thursday showing manufacturing activity in the mid-Atlantic region cooled in December, with factories reporting a sharp slowdown in new orders and job growt...

Expansion in Texas factory activity picked up in December, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rebounded from 7.2 to 25.5, indicating an acceleration in output growth. Other measures of manufacturing activity also point to stronger growth this month. The new orders index pushed up 11 points to 17.8, and the growth rate of orders index rose from 9.7 to 16.5. The capacity util...

November 2020 Coincident Indices Generally Show Slowing Economic Conditions The year-over-year rate of growth of the majority of coincident indices improved relative to last month - but mostly remain in contraction. It should be obvious the economy entered a recession in March 2020 but likely exited in May or June. A recession ends when the economy starts improving. Analyst Opinion of the Current Status of the Coincident Indicators The reality is that most of the economic indicators have mode...

Written by Steven HansenThe New York Feds Weekly Leading Index (WLI) continues to show an economy that is just above the worst seen during the Great Recession. However, this index remains on a recovery trend based on the 13 week rolling average..

Share this Politics was in play last week as UK-EU trade talks and US stimulus discussions took centre stage. There were some fresh concerns on the British-European front and that weighed on sentiment a little, hence why the FTSE 100 and major indices in continental Europe lost a little ground on Friday. The absence of a Covid-19 relief package in the US caused stocks to retreat from their recent record highs. Last night, US Senate majority leader, Mitch McConnell, said that an agreement has be...

The DOL reported: In the week ending December 12, the advance figure for seasonally adjusted initial claims was 885,000, an increase of 23,000 from the previous weeks revised level. The previous weeks level was revised up by 9,000 from 853,000 to 862,000. The 4-week moving average was 812,500, an increase of 34,250 from the previous weeks revised average. The previous weeks average was revised up by 2,250 from 776,000 to 778,250. emphasis addedThis does not include the 455,037 initial claims ...

Gold price today: Yellow metal trades flat but above Rs 50,000; buy on dips Gold is likely to remain volatile and any decline should be used as a buying opportunity. Gold has support at Rs 50,050, while resistance is placed at Rs 50,920, experts say. December 18, 2020 / 10:28 AM IST Gold was trading a tad lower in Indian markets on December 18, tracking the muted trend in international spot prices. On the Multi-Commodity Exchange (MCX), February gold contracts were trading lower by 0.24 per...