Steven Hansen | TalkMarkets | Page 2
Managing Partner at Econintersect LLC
Contributor's Links: Global Economic Intsersection
Steven Hansen, Publisher and Co-founder of Econintersect, is an international business and industrial consultant specializing in turning around troubled business units; consults to governments to optimize process flows; and provides economic indicator analysis based on unadjusted data and process ...more

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JOLTS Continues To Predict Elevated Jobs Growth
the number of unadjusted private jobs openings – which is the most predictive of the JOLTS elements – the year-over-year growth rate declined from originally released 24.9% (August) to 20.5% (September).
Unemployment Claims Rolling Average Marginally Worsens, But Still Historically Low
The four week rolling average of initial claims are 17.5% lower (marginally worse than the 20.2% reported last week) than they were in this same week in 2013.
Wholesale Sales And Inventory Trends Mixed In September 2014
The unadjusted rolling averages seem a little soft this month - but it could just be a new change in wholesale and associated warehousing coming into the holiday season.
October 2014 Small Business Optimism Index Moderately Improves, Near Expectations
The National Federation of Independent Business (NFIB)'s October 2014 monthly optimism index improved from 95.3 to 96.1 (96.1 was the August reading). The market was expecting the index between 94.0 to 96.5 with consensus at 96.0.
October 2014 Conference Board Employment Index Improves
The index has improved now for 10 months (due to backward revision).
This Post Is For Those Who Think Consumer Income Is Improving Or Declining
One reason consumer spending is currently constrained is that consumers are still spending a historically high proportion of their income.
3Q2014 Preliminary: Productivity Up, Costs Down - Or Vice Versa
A simple summary of the headlines for this release is that the growth of labor costs is down from the previous quarter, whilst the rate of growth of productivity is up. If one looks at the year-over-year data - it is saying the opposite is occurring relative to the quarter one year ago.
Unemployment Claims Rolling Average Improves. Remains At Lowest Level Since April 2000
The market was expecting the weekly initial unemployment claims at 280,000 to 290,000 (consensus 283,000) vs the 278,000 reported.
ISM Services Index Again Insignificantly Declines, Index Remains In Moderate Growth Territory
The Business Activity sub-index declined 2.9 points and now is at 60.0.
October 2014 ADP Job Growth At 230,000, Large Business Growth Was Very Soft
ADP reported non-farm private jobs growth at 230,000. This should be again be considered a strong report. The internals were interesting this month as large business job growth was soft.
September 2014 Manufacturing Declines For The Second Month
The seasonally adjusted manufacturing new orders is down 0.6% (after last month's fall of 10.0%) month-over-month, and up 4.2% year-to-date.
Trade Data Shows Drop In Exports Causing Rise Of Trade Deficit
The market expected a trade deficit of $38.6 to $42.0 billion (consensus $40.7 billion deficit) and the seasonally adjusted headline deficit from US Census came in at a deficit of $-43.0 billion.
ISM Manufacturing Survey Improves, And Above Expectations
The ISM Manufacturing survey index (PMI) declined from 56.6 to 59.0 (50 separates manufacturing contraction and expansion).
The Bulls Come Raging Out In Blogger Sentiment For November 2014
The latest Blogger Sentiment Poll released 03 November 2014 by Ticker Sense shows bloggers have have changed into Bulls in their view of the markets - a complete reversal of one month ago.
Personal Income And Expenditures Disappoint, Growth Of Consumer Spending Is Slowing
Looking at the inflation adjusted 3 month trend rate of growth, income trend is downward and expenditures is also trending down.
ECRI's WLI Goes Deeper Into The Dark Side, No Economic Growth Is Being Forecast
ECRI's WLI Growth Index declined , and has trespassed marginally into negative territory declining each week for the last 6 weeks.
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