We have noted several times over the past months that there is not much hiring going on. Nothing new to say about that…
But you do have to look at the fact that average hourly wages are going up at least. And they should! Employees are doing more per person than they have done in a while as can be seen by the fact that industrial production is moving up, with the same number (or less ) employees.
The good news is that capacity utilization is starting to climb. That will mean that some hiring may return once factories are stretched too far. It all makes perfect sense as to why job satisfaction is so low at this point.
The Empire State numbers ticked up today. That is good after we saw that last month they came in lower (MUCH LOWER) than expected.
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