This week saw addition signs that this recovery will be anything but a jobless one.
On Monday the Empire State Manufacturing Survey was released. Amidst a report that shows continued manufacturing growth in the region came this assessment from the document: “Future indexes conveyed an expectation that activity and employment would improve in the months ahead and that both input and selling prices would increase significantly.”
Also on Monday, UPS announced that it will hire up to 50,000 temporary workers this season to handle increased holiday shipping activity. Shipments are up this year over next and temporary hiring levels are back to those of the 2007 holiday needs.
On Thursday the Philadelphia Federal reserve released its business outlook survey. It’s report proclaimed that: “the overall level of employment was mostly steady this month, and the average work hours index was positive for the first time in more than two years.”
Also the government released its jobless claims report for the Nov 14 week. It showed that the four-week average of initial claims for unemployment fell 6,500 to 514,000, down for the 11th straight week.
These four reports are yet more data to support the claim of jobs growth by Christmas-time.
Related posts:
Blogs RSS feeds [
Long-term outlook still bleak…There’s nothing convincing here to suggest that the jobs situation will truly “rebound.” UPS announcing that it’s hiring 50,000 temporary workers? So are lots of firms that cash in on the holiday season. Come January, back to the unemployment line. I know from experience. I used to work at a temporary position in retail, but it was all over soon enough, come January.