Recent Updates
- Germany: **Wholesale Trade Prices rebased from 2010=100 to 2015=100**
- US: S&P Case Shiller Home Price Indexes (Jul); FHFA House Price Indexes (Jul); Consumer Confidence (Sep)
- US: FRB Philadelphia Nonmfg Business Outlook Survey (Sep); FRB Richmond Mfg & Service Sector Surveys (Sep); Texas Service Sector Outlook Survey (Sep)
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- Canada Regional: Quebec Economic Accounts (Q2), Quebec GDP by Industry (Jun)
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- more updates...
Economy in Brief
U.S. FHFA House Price Rise Moderates
The Federal Housing Finance Agency (FHFA) Price Index for house purchases increased 0.2% in July (6.4% y/y)...
Philadelphia Fed Nonmanufacturing Business Activity Index Improves
The Philadelphia Fed reported that its Nonmanufacturing Business Index of current conditions at the company level increased to 46.8 in September...
U.S. Gasoline Prices Remain High; Crude Oil Costs Strengthen
Gasoline prices, at $2.84 per gallon last week (10.1% y/y), were unchanged from the prior week...
Texas Factory Sector Index Retreats; Expectations Are Mixed
The Dallas Fed indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index fell to 28.1 in September...
German IFO Index Marks Time
The German IFO Institute index has gone sideways in September...
by Tom Moeller July 30, 2007
The Conference Board indicated that its index of help-wanted advertising reversed its earlier improvement and fell to 26 from 27 in June.
The index had been elevated earlier this year off a 2006 low in November of 29.
During the last ten years there has been a 57% correlation between the level of help-wanted advertising and the three month change in non-farm payrolls.
The proportion of labor markets with rising want-ad volume moved in the opposite direction for the month, up to a still low 35.
In the Mid-Atlantic states the index of advertising fell to a record low of 16 while in the South Atlantic states it also fell to a record low of 15.
The Conference Board surveys help-wanted advertising volume in 51 major newspapers across the country every month.
The latest help wanted report from the Conference Board is available here.
The FOMC in 1978 from the Federal Reserve Bank of St. Louis is available here.
| Conference Board | June | May | June 2006 |
|---|---|---|---|
| National Help Wanted Index | 26 | 27 | 32 |
