Thursday, August 04, 2005

WHAT RECOVERY?

Not here!

Average Workweek: an unchanged 33.7 hours where its been locked for 8 of the last 9 months.
Hasn't topped 33.8 hours since Sep 2002 as the lack of a stronger lift remains concerning.
Provides an indicator of immediate labor demand.

Hourly Earnings: A 0.3% gain leaves yoy growth dipping to 2.6%.
Feb 2004's 1.6% yoy low matched the 40 year low of Dec 1986 -- increased labor demand now provides the upward direction.

ADD also stuck on bottom HELP WANTED INDEX!

D

2 comments:

Anonymous said...

our companies drivers have to had to stop working fridays around noon because they have 60 hrs in and that is all DOT alllows. this has been going on for several wks
and will continue for several more.

Marc R said...

Higher oil hasn't slowed down the economy as yet, but it could be responsable for the anemic savings rate.

Consumer consume unabated whether they can afford it or not.

Reaching levels NEVER seen before, there willbe a hangover, predicting when not so easy as we are already in uncharted territory.

The reflation in some ways has been very successful.

But the GOV/BLS isn't going to let on how much inflation there really is. GOLD is THE indicator of runaway inflation, it has yet to signal that.

D