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December 07, 2006
Testing The Early Warning Systems
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.
... 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...
... 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.
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.
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