Travelling day. Actually, they will all be travelling days for another week. Will post when possible.
U.S. Worker Demand Softened Over the Summer The pullback in job openings aligns with other labor-market signals pointing to a slowdown
The number of openings declined 4% in August from a year earlier to 7.1 million, after posting annual declines in June and July, Labor Department data released Wednesday showed. Openings last logged three straight months of year-over-year declines in 2009. (…)
The Conference Board Employment Trends Index™ (ETI) Increased in September
The Conference Board Employment Trends Index™ (ETI) increased in September, following a slight decline in August. The index now stands at 110.97, up from 110.73 (an upward revision) in August. The increase marks a 0.7 percent gain in the ETI over the past 12 months.
“The Employment Trends Index still remains on a flat trend since the summer of 2018. The behavior of the ETI is consistent with a continued expansion of the labor market, but perhaps at a slower rate,” said Gad Levanon, Head of The Conference Board Labor Market Institute. “Employment growth has clearly slowed in the past year, but the current pace of job creation remains strong enough to continue to tighten the labor market. The speed of hiring may slow a little in the coming months as a result of weakening business confidence and a tightening labor market.”
September’s increase was fueled by positive contributions from six of the eight components. From the largest positive contributor to the smallest, these were: Percentage of Respondents Who Say They Find “Jobs Hard to Get,” Initial Claims for Unemployment Insurance, Number of Employees Hired by the Temporary-Help Industry, Industrial Production, Real Manufacturing and Trade Sales, and the Ratio of Involuntarily Part-time to All Part-time Workers.
Trade Talks Resume at Pivotal Moment in U.S.-China Relations Senior U.S. and Chinese officials will square off for trade talks Thursday, with higher tariffs looming if negotiators fail to break a five-month stalemate.
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Trump Signs Off on Licenses for Doing Business With Huawei The White House has signed off on special licenses for some U.S. companies to do some business with Chinese telecom giant Huawei.
TECHNICALS WATCH
Lowry’s Research observes that recent rallies were on very low volume. “Absent the return of strong Demand, near-term downside risk remains elevated.”
- 13/34–Week EMA Trend Chart (from CMG Wealth):
