March Index: Outlook on Job Market

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Chief economist Ed Leamer and Ceridian's Craig Manson discuss what's needed next quarter to see job market improvement as well as analysis of the PCI's regional numbers.

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December PCI IncreasesDecember PCI Increases Chief PCI® economist, Ed Leamer, explains that December’s 0.2% increase is too small of a gain as the PCI anticipated a surge in trucking to make up some of the lost ground that was felt over the last six months; the PCI is still 1.2% below its June 2011 level.
November PCI IncreasesNovember PCI Increases Chief PCI® economist, Ed Leamer, is disappointed that Christmas did not come early to the trucking industry, as evidenced in the November PCI numbers. November’s data suggests that trucking activity is not keeping up with the strong retail sales seen in October and on Black Friday.
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