U.S. Industrial Production Falls 0.2% in October
Wall Street Journal (11/17/15) Harriet Torry; Josh Zumbrun
U.S. industrial production declined a seasonally adjusted 0.2% in October from September, according to the U.S. Federal Reserve. Meanwhile, capacity utilization declined from an upwardly revised 77.7% in September to 77.5% in October. Economists polled by the Wall Street Journal had forecast industrial production would be flat in October and capacity utilization would be 77.5%.
Manufacturing output increased by 0.4% in October, and automotive production rose 0.8%. Mining output fell by 1.5%, and utilities retreated 2.5%.
U.S. Consumer Prices Climb 0.2% in October
Wall Street Journal (11/17/15) Anna Louie Sussman; Josh Mitchell
The consumer-price index increased a seasonally adjusted 0.2% in October from September, according to the U.S. Department of Labor. Excluding the volatile energy and food components core prices rose 0.2%, the same as in September. Both measures matched the forecasts of economists polled by the Wall Street Journal.
Compared with a year earlier, overall prices increased 0.2%, largely restrained by a 17.1% year-to-year decline in energy prices. Core prices were up 1.9% from a year earlier.
ASA for You
Don’t miss the ASA webinar “Developing a Culture of Accountability Within Your Staffing Firm.” It takes place today from 3 to 4 p.m. Eastern time. Find out what leaders at all levels can do to enhance the value and importance of accountability inside their staffing company.
ASA webinars are $295 for nonmembers and qualify for continuing education hours toward ASA certification renewal. Join ASA and enjoy ASA webinars for FREE.
The association’s quarterly Staffing Employment and Sales Survey for the third quarter of 2015 will remain open only until tomorrow. Staffing firms that complete the brief survey will receive an exclusive report on the results—now enhanced with graphs and an executive summary. The report also includes sales category and sector-level data.
The data collected by this survey enable ASA to track staffing sales and gross margin trends and provide productivity metrics. Participate in the Staffing Employment and Sales Survey by tomorrow, Nov. 18, to get the staffing industry information you’re looking for.
Register to take the survey, or view the questionnaire, at americanstaffing.net. The survey is sponsored by ASA research partner CareerBuilder, and there are no fees to participate.