Written by Steven Hansen The BLS Job Openings and Labor Turnover Survey (JOLTS) can be used as a predictor of future jobs growth, and the predictive elements show that the jobs situation growth rate likely will not change either for the good or the bad. There was a annual revision of the data with this …
Written by Steven Hansen The Conference Board’s Employment Trends Index for February 2014 – which forecasts employment for the next 6 months – strengthened. What the author’s of this index are not telling you is that the growth rate of this index is decelerating.
Written by Steven Hansen The February 2014 BLS jobs report headlines were better than expected. But the unadjusted data says this report is mediocre. As I am a trend person, the growth trend lines are decelerating.
Written by Steven Hansen The February 2014 ISM non-manufacturing (aka services) index continues its growth cycle, but declined from 54.0 to 51.6 (above 50 signals expansion). Important internals were soft.
Written by Steven Hansen ADP reported February 2014 non-farm private jobs growth at 139,000 – again weaker than previous months – with a significant reduction in last months jobs gain.