2/12: MetroIntelligence Economic Update by P. DUFFY

December job openings fell 5.4 percent, but still 670,000 more openings than officially unemployed

The number of open jobs falling 5.4 percent in December to just over 6.4 million. In addition, the over-hang of open jobs versus the officially unemployed has nearly halved over the past few months to 670,000. The quits rate also fell 2.2 percent during the month, while new hires rose 1.4 percent, and separations rose 0.4 percent.



January Small Business Optimism Index rises another 1.6 points to 104.3

The small business Optimism Index started the New Year in the top 10 percent of all readings in the 46-year history of the survey, rising 1.6 points to 104.3 in the month of January. Six of the 10 Index components improved, two declined, and two were unchanged, with the Uncertainty Index edging up slightly.



Gallup:¬† Americans’ views on personal finances rise to record highs

Americans’ views on their personal financial situation have been climbing since 2018 and are now at or near record highs in Gallup’s trends. Nearly six in 10 Americans (59 percent) now say they are better off financially than they were a year ago, up from 50 percent last year. ¬†Another 74 percent say they will be better off financially in a year.