THE BASIS POINT

Job Openings Plateau but Still Strong.

 

ICSC-Goldman Store Sales (week ended 9/6/2014)

– Store Sales week/week +0.7%. Previous was +0.0%

– Store Sales year/year +4.0%. Previous was +4.8%

 

Redbook (week ended 9/6/2014)

– Store Sales year/year +4.9%. Previous was +4.9%.

 

JOLTS  (July 2014)

JOLTS is an acronym for Job Openings and Labor Turnover Survey

– Job Openings 4,673,000. Previous was 4,675,000.

This had been going up and may have plateaued.  This is still a strong number showing significant job openings.  The problem is that there is skills mismatch between Job Openings and the people who are unemployed.

 

NFIB Small Business Optimism Index  (August 2014)

– index level 96.1. Previous was 95.7.

This is a survey index of small businesses.

 

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