Federal Reserve Bank of New York (11/16/15)
Business activity declined in October for a fourth consecutive month for New York manufacturers, according to the Federal Reserve Bank of New York. The headline general business conditions index was little changed at negative 10.7. New orders and shipments also declined, although at a slower pace than in September.
Labor market conditions continued to deteriorate, with survey indicators pointing to a decline in both employment levels and hours worked. The index for number of employees was little changed at negative 7.3, a sign that employment levels fell for a third consecutive month, and the average workweek index moved down seven points to negative 14.6, its lowest level since mid-2011.
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