jidyryq.wordpress.com
Newly released figures from the show the leadinbg indicator index for Greater Cincinnatifell 0.4 percentf in April to That points to an employment decline this summer, according to the state’s findings. Seasonallyy adjusted employmentfell 0.4 percent from March and 5.1 percen from a year ago. Other key indicators showed signs ofhitting bottom. Initial unemployment insurancr claims decreasedin April, although they were twice as high as a year ago. The valure of new housing construction permits jumped 22 although they fell 40 percent from ayear ago. The locall leading indicator decline outperformedthe state’s which dropped by 0.
9 Both lagged the national leadint indicators, which improved by 0.1 percentr in April. The average number of manufacturing hourss worked also rose from March but dipped from ayear ago. “The index suggests the recession may continue througthe summer, but the intensity will ease,” the departmengt said of the national Meanwhile, a gauge of the economy’s future isn’t showin g signs of an economic rebound, The NKY/Greater Cincinnati Leading Economic Indicators Index slumpede 0.9 percent in March to 85.4.
That index has fallenh for 10 straight months, according to Janet Harrah, senioe director of Northern Kentucky University’s Center for Economic Analysisaand Development. It hit its lowest level since Aprio 1996. “This indicates that the local economgy is still struggling to emergre fromthe recession,” Harrah wroted in a monthly report. “The most substantiaol impact on the index came from real estateand NKU’s economics center also calculates an index to gaugwe the economy’s current status. The NKY/Greater Cincinnati Currentt Conditions Indexdeclined 1.1 percent in March to 94.0.
That indedx has fallen for 11 consecutive months, Harrah
No comments:
Post a Comment