Leave a comment. Filed under NYC. Thompson Jr. Notes and Beats. Skip to content. Although reported monthly and for a variety of industries, nonfarm payroll employment data do not capture fully changes in the strength and direction of regional economic activity over the business cycle, according to Orr, Rich, and Rosen. The SWI and EWI incorporate changes in nonfarm payroll employment in addition to changes in three other series: real earnings wages and salaries , the unemployment rate, and average weekly hours worked in the manufacturing sector.
When combined into a single index, these four series provide a better measure of current economic activity than any of the series alone. Rosen was responsible for forecasts of the regional economy and the real estate market; and senior economist at Merrill Lynch Economics, Inc.
Rosen was a consultant to major U. By continuing to use our site, you agree to our Terms of Use and Privacy Statement. Suresh Vellanki Senior Vice President. Mike Feigenbaum General Manager. Leslie Shorey Senior Vice President. Mike Berryhill U. Mark Holtz Bank of Ann Arbor. Paul Alfred U. Chris Cardoni CrossFirst Bank. Kelli-Rae Coughlin Taco Bell. Rae Wadell Everlane. Janna Rae Dilts Chrl Sandvine. Teri Rae Olson HealthFitness.
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