The Philadelphia Fed’s coincident index ticked up 0.3% in February for a 2.8% year-on-year increase. Alabama, Illinois, and New Mexico realized declines in coincident indexes in February, while 45 states realized improvements and Hawaii and Wyoming held steady. North Dakota and Texas saw some of the biggest gains, thanks to their energy industries. The coincident index combines four variables—nonfarm payroll employment, average hours worked in manufacturing, the unemployment rate, and real wage and salaries—in one index, roughly mirroring gross domestic product growth.
Say Goodbye to Mundane Tasks and Hello to Efficiency
Are you accustomed to using a plethora of resources to recruit the right candidates? Our research shows that the average firm spends around five hours logging in and out of systems to source candidates to fill one job. We’re excited to announce the next level in candidate sourcing: CareerBuilder Talent Discovery, a platform that has everything in one place. Stop by CareerBuilder’s booth next week at Staffing World to learn more—Booth 813 in the expo hall.