New York Fed: Employment remains weak in September

Odaily Odaily News: According to business responses to the September 2024 manufacturing survey, business activity in New York State grew for the first time in nearly a year. The New York Fed Manufacturing Index for September was 11.5. The survey showed that new orders climbed, shipments increased significantly, delivery times and supply were stable, and inventories stabilized. Labor market conditions remain weak, employment continues to shrink moderately, and the average weekly workweek remains stable. The pace of increases in input and sales prices has remained little changed. Although the capital expenditure index fell below zero for the first time since 2020, companies have become more optimistic that conditions will improve in the coming months. (Jinshi)