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Economy in Brief
Empire State Manufacturing Index Continues to
Strengthen
The Empire State Manufacturing Index of General Business Conditions rose to 25.0 during June, the highest level in eight months...
EMU Trade Deficit Shrinks
The EMU trade balance shrank in April, stepping back to a surplus of 18.1 bln euros from 19.8 bln euros in March....
U.S. Retail Sales Strengthen
Consumers were in a shopping mood last month. Total retail sales increased
0.8% (5.9% y/y) during May following a 0.4% April gain...
U.S. Initial Unemployment Insurance Claims Sustain Low Range
Initial claims for unemployment insurance eased to 218,000 during the week ended June 9 ...
U.S. Business Inventory Accumulation Continues; Sales
Strengthen
Total business inventories increased 0.3% (4.4% y/y) during
April following a 0.1% March slip...
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 |
