Showing posts with label increased. Show all posts
Showing posts with label increased. Show all posts
Friday, February 14, 2014
Retail Sales Increased 0 3 in November
Retail sales reversed the previous month’s loss in November, rising 0.3%. Auto dealers were primarily responsible for the gain, as core sales (excluding autos and gasoline) rose by just 0.7%. Despite the modest overall rise there were big moves within individual segments. Year-over-year growth held steady at 3.7% in November.
Non-store retailers saw strong gains in November rising 3% over the previous month, about three times their recent average. The strong growth contributed 0.3% to overall growth. Electronics and appliances stores also saw strong growth, rising 2.5%. Rebuilding from Hurricane Sandy likely contributed to the strong 1.6% growth in sales at building materials stores.
Sales fell the most sharply at Gasoline stations, falling 4.0% over the month. The decline in gasoline sales was likely a direct result of lower gasoline prices. Sales also fell unusually sharply at general stores, which were down 0.9%.
Read the Census report.
ReadThe RestEntry..
Non-store retailers saw strong gains in November rising 3% over the previous month, about three times their recent average. The strong growth contributed 0.3% to overall growth. Electronics and appliances stores also saw strong growth, rising 2.5%. Rebuilding from Hurricane Sandy likely contributed to the strong 1.6% growth in sales at building materials stores.
Sales fell the most sharply at Gasoline stations, falling 4.0% over the month. The decline in gasoline sales was likely a direct result of lower gasoline prices. Sales also fell unusually sharply at general stores, which were down 0.9%.
Read the Census report.
Thursday, August 29, 2013
ADP Employment Increased by 118 000 Jobs in November
ADP’s National Employment Report indicated that the private sector increased employment by 118,000 jobs in November. Although November’s growth is lower than October’s 157,000, it is still a strong result given the effects of Hurricane Sandy. ADP estimates that the effects of Sandy cut 86,000 jobs from payrolls in November. Accounting for this effect, ADP estimates November’s employment would have risen by 204,000 jobs.
In October, ADP moved to a new methodology of calculating payroll employment, designed to ensure that employment numbers line up more closely with the BLS’s employment situation. The 157,000 jobs created in October, translated to growth of 171,000 jobs as reported by the BLS.
The report indicates that the service sector continues to drive job creation, accounting for 114,000 of the jobs created in November. November’s service sector growth represents a slowing from the 149,000 jobs the sector created in October. The goods producing sector also slowed in November, creating 4,000 jobs, less than the 8,000 jobs created in October. The manufacturing sector remains weak, shedding jobs for the past five months.
Read the ADP report.
ReadThe RestEntry..
In October, ADP moved to a new methodology of calculating payroll employment, designed to ensure that employment numbers line up more closely with the BLS’s employment situation. The 157,000 jobs created in October, translated to growth of 171,000 jobs as reported by the BLS.
The report indicates that the service sector continues to drive job creation, accounting for 114,000 of the jobs created in November. November’s service sector growth represents a slowing from the 149,000 jobs the sector created in October. The goods producing sector also slowed in November, creating 4,000 jobs, less than the 8,000 jobs created in October. The manufacturing sector remains weak, shedding jobs for the past five months.
Read the ADP report.
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