Economic Indicators
Cliff Waldman |
03/15/2012 |
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This morning’s report on the employment situation in February 2012 all but puts 2011 behind us. We have now had three consecutive months of net gains in non-farm payroll employment above 200,000, much the same as in February 2011 through April 2011, before economically threatening events from Japan, the Middle East, the Eurozone, and even the U.S. derailed what appeared to be steady progress. As the impact of social uprisings, earthquakes...
Categories: Economic Growth, Economic Indicators
Daniel J. Meckstroth, Ph.D. |
03/01/2012 |
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The Institute for Supply Management reports that their PMI index of manufacturing activity was 52.4 in February, down from 54.1 in January. An index number greater than 50 indicates that there is growth in manufacturing activity. The 20-year average for the PMI index is 52.1, so the February 2012 index, at 52.4 is at little better than average. Particularly encouraging, is the continued strong showing for manufacturing employment and export...
Categories: Economic Indicators