McClatchy: Economic signs point to improved hiring

[Pirate Smile]

Economic signs point to improved hiring

By Kevin G. Hall | McClatchy Newspapers

WASHINGTON — For the first time in months, a host of indicators are pointing to an improving labor market ahead of the monthly jobs report from the government. The latest report from the Labor Department, coming Friday, is likely to cement the view that the U.S. economy is clear of another recession.
Gauges of manufacturing activity, private-sector hiring and first-time unemployment claims all showed improvement for September, providing more ammunition for those economists who think the glass is still half full for the U.S. economy.

"It's official: The next recession hasn't started yet. It certainly didn't start in September based on the latest available batch of economic indicators," Ed Yardeni, a veteran Wall Street analyst, wrote in a research note Thursday. "Most encouraging is that private-sector payrolls rose 91,000 during the month, according to ADP."

The ADP National Employment Report, which gauges only hiring in the private sector, came in above analysts' expectations Wednesday and pointed to improved hiring after a scary summer. The number is still below the levels that are needed to significantly knock down August's 9.1 percent unemployment rate, but it beats the tepid summer numbers, which prompted analysts' concerns about a double-dip recession.

-snip-
On another positive front, the International Council of Shopping Centers reported Thursday that revenues for its members were up 5.5 percent in September, a big jump over the revised August number of 4.8 percent. That points to more hiring in the retail sector.

Read more: http://www.mcclatchydc.com/2011/10/06/126395/economic-signs-point-to-improved.html?utm_source=twitterfeed&utm_medium=twitter&utm_term=news#ixzz1a399J0DU

[babylonsister]

1. Good news-thanks! nt

[Pirate Smile]

2. kick

[BR_Parkway]

3. And how quickly will this be followed up with "Economists were shocked

at the actual numbers that were released...." ? Seems to be the pattern these days - Some article comes out predicting that this or that is improving... go shop!!, go spend!! recovery is here!! - only to be followed up with some version of "Economists were surprised..." that the actual numbers (or the revised numbers in the case of payroll reports) weren't as robust as they were supposed to be and all the hype didn't produce some magic bullet of recovey

[Pirate Smile]

4. Well, they didn't get that from the jobs report released today so .... I don't know. I'll take some

positive news. I don't feel the need to turn everything into a negative. That doesn't mean it is a cure all. It just means leaning a bit more positive then leaning a bit more negative.

What we truly need is for Europe to get their act together and put in place a plan to deal with their problems over there. If that gets stabilized then we will be able to return to a more normal state. Europe is keeping everything on the verge of catastrophe. Europe and, of course, Republicans in Congress.

[Tarheel_Dem]

5. I still have, dare I say, "hope"?

:dem:

[Pirate Smile]

6. Never give up hope.

:)

[YellowCosmicSun]

7. I feel a change comin' on!

[Dawson Leery]

8. They made a prior month revision (upwards from 0 to 57,000) too.