9/13: MetroIntelligence Econ Update, P.DUFFY

August Producer Price Index dipped for first time in 18 months, up 2.8 percent year-on-year

The Producer Price Index for final demand, seasonally adjusted, declined 0.1 percent in August after no change in July.  On an unadjusted basis, the final demand index rose 2.8 percent for the 12 months ended in August.

READ MORE

 

July open positions and job quitters both rose to record levels, layoffs declined slightly

More workers quit their jobs in July since January 2001, rising to 3.6 million, or 2.4 percent of the nonfarm workforce.  The number of positions waiting to be filled rose to 6.94 million, or 4.4 percent of the workforce, both of which are the highest figures since this series launched in December 2000. Layoffs declined slightly to 1.65 million, or 1.1 percent of the workforce.

READ MORE

 

August Small Business Optimism Index soared to new 45-year record

The NFIB Small Business Optimism Index soared to 108.8 in August, a new record in the survey’s 45-year history, topping the July 1983 highwater mark of 108. The record-breaking figure is driven by small business owners executing on the plans they’ve put in place due to “dramatic changes in the nation’s economic policy.”

READ MORE

 

July consumer credit use rose 5.1 percent, mostly due to auto and student loans

Total consumer credit rose in July to a seasonally adjusted $3.91 trillion, for an annual growth rate of 5.1 percent.  Revolving credit, such as credit cards, rose only 1.5 percent per annum. Nonrevolving credit, typically auto and student loans, jumped 6.4 percent per annum.

READ MORE

 

September business inflation expectations remain unchanged at 2.2 percent over the next year

Firms’ inflation expectations were virtually unchanged at 2.2 percent over the year ahead during the September survey.  Sales levels compared to “normal times” declined somewhat over the month. Profit margins declined as well, and year-over-year unit costs went unchanged at 2.0 percent, on average.

READ MORE

 

Gallup:  90 percent of workers polled satisfied with job security

American workers continue to express low levels of worry about being laid off from their jobs and near record-high levels of satisfaction with their job security.  Nine in 10 workers satisfied with job security; 63% completely satisfied, only 18% of workers are worried about being laid off.

READ MORE

Related posts