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Economy in Brief
Chicago Fed National Activity Index Improves in April
The Chicago Fed National Activity Index (CFNAI) rose to 0.47 during April...
IFO Registers Small Rebound on the Month
Germany's IFO index has rebounded on the month...
FIBER: Industrial Commodity Prices Continue to Decline
Despite the recent improvement in U.S. factory output, many industrial commodity prices have weakened...
U.K. Consumer Sentiment Hits Lowest Reading since 1996
Of these 13 readings eight of them declined on the month in May three of them improved and two of them were unchanged...
U.S. Existing Home Sales Continue to Fall in April as Houses Become Less Affordable
The combination of soaring home prices across the nation and rising interest rates is making homes less affordable...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
Profits & Margins Plunge In Q1: Expect More Margin Contraction As Fed Squeezes Inflation
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation and Fed Policy: A Relationship which Should Worry the Fed and Scare Investors
Why Have the Yields on TIPS Been Negative in the Past Two Years?
by Tom MoellerMay 5, 2011
The Monster Index rose 6.6% m/m during April following similar, strong gains during the prior two months. The increase raised the latest level 9.0% versus last year and 18.9% from its recent trough. Industry improvement has been widespread but most notable in the retail trade, professional & scientific and the health care industries. The real estate, construction and the finance & insurance industries have yet to improve meaningfully.
Additional detail by Census region indicates the greatest gains in the East North Central (16.8% y/y), West North Central (16.4% y/y) and East South Central (14.4% y/y) regions followed by the West South Central (10.4%) and South Atlantic regions (9.4% y/y). Moderate growth in the Mountain (5.4%) and Pacific (5.3%) regions was accompanied by a negligible 1.6% gain in New England and a 1.5% decline in the Mid-Atlantic region.
Based on a real-time review of millions of job opportunities culled from more than 1,500 Web sites, including a variety of corporate career sites, job boards and Monster, the Monster Employment Index presents a snapshot of employer online recruitment activity nationwide. The Monster Index counts job postings as an indicator of employer demand for employees or job availability. Job postings are online advertisements placed by an employer looking to fill one or more vacant, or recently created job positions.
The Monster figures date back to October, 2003 and are available in Haver's SURVEYS database.
Monster Employments Index (2003-2004 = 100) | Apr | Mar | Feb | Y/Y % | 2010 | 2009 | 2008 |
---|---|---|---|---|---|---|---|
Overall Index | 145 | 136 | 129 | 9.0 | 132 | 118 | 158 |
Construction | 189 | 179 | 173 | -3.1 | 186 | 167 | 202 |
Manufacturing | 100 | 96 | 88 | 9.9 | 89 | 81 | 111 |
Retail Trade | 159 | 142 | 133 | 16.1 | 135 | 124 | 158 |
Finance & Insurance | 53 | 50 | 47 | 0.0 | 51 | 52 | 105 |
Real Estate & Leasing | 54 | 51 | 49 | -12.9 | 58 | 54 | 92 |
Professional, Scientific & Technical Services | 64 | 61 | 59 | 14.3 | 56 | 53 | 114 |
Education Services | 94 | 89 | 80 | 5.6 | 88 | 81 | 106 |
Health Care & Social Services | 106 | 100 | 94 | 16.5 | 99 | 92 | 114 |
Arts, Entertainment & Recreation | 41 | 38 | 35 | 2.5 | 39 | 40 | 88 |