Sunday , February 17 2019
Home / Calculated Risk / Employment: January Diffusion Indexes

Employment: January Diffusion Indexes

Summary:
I haven't posted this in a few months.The BLS diffusion index for total private employment was at 61.0 in January, down from 66.3 in December.For manufacturing, the diffusion index was at 59.9, down from 63.2 in December.Note: Any reading above 60 is very good.Think of this as a measure of how widespread job gains are across industries. The further from 50 (above or below), the more widespread the job losses or gains reported by the BLS.  From the BLS: Figures are the percent of industries with employment increasing plus one-half of the industries with unchanged employment, where 50 percent indicates an equal balance between industries with increasing and decreasing employment.Overall both total private and manufacturing job growth was widespread again in January.

Topics:
Bill McBride considers the following as important:

This could be interesting, too:

Yves Smith writes Even More on “Is CalPERS Private Equity Architect John Cole So Clueless He Doesn’t Know He’s Lying?”

Marc Chandler writes Dollar Bulls may Turn Cautious

Barry Ritholtz writes 10 Sunday Reads

Lambert Strether writes Links 2/17/19

I haven't posted this in a few months.

The BLS diffusion index for total private employment was at 61.0 in January, down from 66.3 in December.

For manufacturing, the diffusion index was at 59.9, down from 63.2 in December.

Note: Any reading above 60 is very good.

Think of this as a measure of how widespread job gains are across industries. The further from 50 (above or below), the more widespread the job losses or gains reported by the BLS.  From the BLS:
Figures are the percent of industries with employment increasing plus one-half of the industries with unchanged employment, where 50 percent indicates an equal balance between industries with increasing and decreasing employment.
Employment: January Diffusion IndexesOverall both total private and manufacturing job growth was widespread again in January.
Bill McBride
A full time blogger, Mr. McBride retired as a senior executive from a small public company in the '90s. Mr. McBride holds an MBA from the University of California, Irvine, and has a background in management, finance and economics.

Leave a Reply

Your email address will not be published. Required fields are marked *