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« Deja Vu All Over Again? | Main | Another Good Employment Report -- And Why Some Will Argue It Might Not Mean Much »

December 07, 2006

Testing The Early Warning Systems

From Reuters:

The Monster Employment Index, a gauge of U.S. online job demand, rose in November, due mainly to higher demand for year-end seasonal workers in the transportation, shipping and warehousing industries.

The index improved to 175 last month from 172 in October, rising for the first time in three months, Monster said.

Add that one to the monster -- OK, pretty good -- November numbers recorded by The ADP National Employment ReportFrom MarketWatch

... a report early Wednesday showed private employers in the United States created 158,000 net new jobs in November. It's the largest gain in the ADP employment index since June's 368,000.

You can sense the excitement in the air, can't you?  A word of warning, though.  The ADP numbers have been a bit volatile of late...

   

Adp_survey

   

... and there is this, from Marketwatch:

The number of new filings for state unemployment benefits declined sharply in the latest week, reversing a large increase in the previous week. Some analysts saw hints of softening in the data, but said it was too sure to know for sure.
I would say we'll know tomorrow, but given the size of recent revisions, that's not a sure bet.

Side note: On a sort of related topic, I have a post on unit labor costs and inflation, over yonder at the electronic shadow of the Cleveland Fed.

December 7, 2006 in Labor Markets | Permalink

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Comments

(Ahead of time apologies for off topic question). I was contacted by a HH for a position with the World Economic Forum. Can you give me your perspective on them? The descriptions of their activities seem rather vague. Both myself and the HH were having a hard time figuring out what the WEF actually does and why companies bother paying for it. In addition there is the question of what type of person would best serve as an (Industry Director) for WEF. Is it about fund raising? Analysis? Being political?

Any insights helpful!

Posted by: TCO | December 08, 2006 at 07:08 PM

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