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Economy in Brief
FIBER: Industrial Commodity Prices Trend Sideways
Minimal pricing power in the factory sector continues...
PMIs Remain Weak But Give Off Mixed (Up) Signals
The graph tells the over-arching story of a weakening manufacturing sector whose weakness has largely been resisted by the services sector...
U.S. Leading Economic Indicators Index Continues to Slip
The Conference Board's Composite Index of Leading Economic Indicators eased 0.1% (+0.3% y/y) during October...
U.S. Existing Home Sales Rise, But Are Mixed by Region
The NAR reported that sales of existing homes rose 1.9% (+4.6% y/y) during October to 5.460 million...
Philadelphia Fed Manufacturing Index Improves, Despite Easing in Most Components
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index increased to 10.4 during November...
by Tom Moeller December 14, 2004
The Manpower Employment Outlook Survey indicated continued improvement in U.S. hiring intentions in 1Q05. A seasonally adjusted net 21% of 16,000 employers expect to increase hiring activity and that was the highest level in four years.
Not seasonally adjusted, 24% of employers planned to raise employment versus 20% in 1Q04 while 10% planned to decrease the number of jobs versus 13% a year ago.
Since 1980 there has been a 74% correlation between the Manpower index and the y/y change in non-farm payrolls.
The latest press release from Manpower Inc. covering global employment prospects can be viewed here.
| Manpower Employment Survey | 1Q '05 | 4Q '04 | 1Q '04 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| All Industries - Net Higher (SA) | 21 | 20 | 14 | 19 | 11 | 11 |
