Breitbart Business Digest: Economic Slump Signs Are Spreading

The composite index fell to minus 11 in January, significantly worse than the minus 3 consensus forecast of analysts surveyed by Econoday. All three components of the headline index—shipments, new orders, and employment—declined.

Expectations for shipments and orders six months from now remain negative but less so than in the December survey.The employment index dropped to minus three from positive three. This, however, was not accompanied by an easing in wage pressure. The index of wages jumped from 37 to 41. As recently as November, this was down at 25. This is the highest level for the wages metric since September of 2021. Expectations for payrolls and wages six months ahead rose.

There was some good news on inflation and supply chains. The average growth rate of prices paid and prices received fell in January, and expectations for price inflation over the next 12 months fell to a level much lower than last year’s. Even with the declines, however, inflation remains—and is expected to remain—well above the Fed’s target. On average, manufacturers report paying 7.91 percent more for materials and components and charging 6.52 percent more for their products than a year ago.

I would have thought that index would be below sea level by now. Perhaps off the Hudson Canyon. It will take a leader who understands and really wants manufacturing in America to flourish to get this out of the depths. Who could that be?

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Retirement small business tax credits, retirement changes coming in 2023 - Silicon Valley Business JournalThe SECURE 2.0 Act included in the recently-passed government funding legislation included a raft of small changes to worker retirements.
Fuente: svbizjournal - 🏆 334. / 59 Leer más »

More layoffs are on the way, survey of business economists finds | CNN BusinessFor the first time since the early days of the pandemic, most business economists expect their companies to cut payrolls in the coming months, according to a new survey released Monday. Learn to code 🤣🤣🤣 CNN IS RACIST
Fuente: CNN - 🏆 4. / 95 Leer más »

Radix Law attorney helps oversee alternative business structure (ABS) licenses - Phoenix Business JournalArizona was the first state nationwide to issue ABS licenses after the Supreme Court unanimously voted to remove a rule from its ethics code in late 2020 that had barred fee-splitting with nonlawyers.
Fuente: phxbizjournal - 🏆 254. / 63 Leer más »

Retirement small business tax credits, retirement changes coming in 2023 - Jacksonville Business JournalThe SECURE 2.0 Act included in the recently-passed government funding legislation included a raft of small changes to worker retirements.
Fuente: JaxBizJournal - 🏆 599. / 51 Leer más »

Spotify layoffs: Music streaming business to cut 6% of workforceOver the past few months, major tech companies have swiftly reversed a pandemic hiring spree that saw them add thousands of workers to keep up with a surge in demand from households and businesses for services such as online shopping and videoconferencing. Remember when it was Elon musk that started the layoffs and yall and other mainstream media dragged him through the mud for it? It’s all about the narrative😂 Another tech company layoff?
Fuente: ABC7 - 🏆 67. / 68 Leer más »