Richmond Fed: Mfg Employment Slipped

Sugel, Gary E.
September 2004
Bond Buyer;9/15/2004, Vol. 349 Issue 31969, p2
Trade Publication
Overall manufacturing activity in the Fifth District accelerated in August while employment indexes declined in the U.S. As for future the outlook six months from now, the shipments index was 28, down from 33 last month, while the volume of new orders index, fell to 24 from 31 the previous month, and backlog of orders decreased to 11 from 14. Capacity utilization dipped to 16 from 17, the vendor lead lime index rose to 6 from 4, the number of employees index declined to 7 from 9, while the average work week index was at negative 4, down from 0, and the wages index slipped to 42 from 46.


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