By Howard Schneider
WASHINGTON, Feb 11 (Reuters) - High-frequency measures of
the U.S. economy ma... عرض المزيدBy Howard Schneider
WASHINGTON, Feb 11 (Reuters) - High-frequency measures of
the U.S. economy may be showing the first signs of an expected spring revival, with employment at
small and medium-sized businesses rising slightly, and traffic to retail
stores improving from the levels of last fall when the coronavirus surged.
The challenges facing the U.S. economy remain mountainous.
Nearly 800,000 people filed for unemployment insurance in the week
ended Feb. 6, and as of late January more than 20
million were collecting some form of unemployment benefit - 10 times the typical level.
Overall job growth has been sluggish since the fall, barely nipping at the 9
million job hole left by the pandemic, and data from online reservations firm OpenTable website and the U.S.
Transportation Security Administration show little improvement in the hard-hit
restaurant or travel industries.
But analysts have become more confident that as the
weather warms and vaccinations become more widespread,
the economy will thaw also, and some data already points at least tentatively in that direction.
January was "a transition month for economic data," as the vaccine rollout began,
some states started easing restrictions on commerce, and some federal benefit payments
resumed following congressional action in late December, wrote Jeffries
economists Aneta Markowska and Thomas Simons. "By February, we expect a broad-based improvement in growth momentum."
Foot traffic to retail stores fell after a holiday surge, according to cellphone data gathered by Unacast website but resettled
at levels above last fall when a new pandemic wave pushed the number of daily
infections well above 200,000. The number of daily new infections has fallen by half since then.
The number of employees working at a sample of small businesses has risen slowly for
five consecutive weeks, according to data from time
management firm Homebase website
An index of shift work at a broader set of industries rose in early February to its
highest level since November after falling in December and January,
according to data from time management firm UKG website
Shift volume rose 1.2% from early January to early February, and significantly the increase was about
the same at companies with fewer than 500 people
as it was for the larger firms that had dominated any recent improvement
in labor use, said UKG vice president David Gilbertson.
There are "tentative signs of labor recovery" heading into February, he said, as well
as "some positive tailwinds - such as increasing vaccinations, loosening restrictions, and warmer weather" ahead.
Indexes of current and new job openings from hiring site Indeed website and analytics firm Chmura website have both
increased since the start of the year.
An Oxford website Economics broad index of the recovery rose for a
fourth consecutive week, the first month-long improvement since the summer.
The firm now expects 2021 U.S. economic growth to near 6% given the expected
addition of more government spending. That is up 1.7 percentage
points from January's forecast.
"Green shoots" started appearing in January as the health metrics improved, chief U.S.
economist Gregory Daco wrote recently, and should take root as vaccinations proceed.
"The state is set for a spring revival."
(Reporting by Howard Schneider; Editing by Dan Burns and Andrea Ricci)
My homepage :: Ufacash
KS
Krystle Sunseri
يعيش في Bar-Le-Duc, فرنسا.
في علاقة.
نبذة مختصرة
By Howard Schneider
WASHINGTON, Feb 11 (Reuters) - High-frequency measures of
the U.S. economy ma... عرض المزيد