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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jan 04, 2022
Page
8
The Labor Department releases the JOLTS snapshot showing about 11.1 million open jobs in November, up from roughly 11 million in October and near the record 11.19 million reached in July.
A weekly gauge from Johnson Redbook Service tracks sales at about 70 general merchandise and apparel retailers open at least a year. The index measures growth at existing stores, serving as a key indicator of retailer performance. It rose 21.4 percent versus the prior year two weeks ago.
Economists expect the Institute for Supply Management manufacturing index to fall to 60.5 in December from 61.1 the prior month. Despite the slight decline, readings above 50 indicate expansion as U.S. factories press to meet demand amid ongoing supply chain shortages and delays.
Jeff Schrier, an Omaha used car dealer with 35 years in business, says the market is unprecedented. Edmunds.com reports the US average used car price at 29011 in November, up 39 percent from the previous year.
Wall Street started the year strong with the S&P 500 and the Dow surpassing the record highs from the prior week. Apple briefly moved above the $3 trillion market cap level as tech stocks led gains. The Container Store acquired Closet Works for 21.5 million dollars, boosting storage and organization retailer activity.
Stocks move on strong December deliveries from a China based electric vehicle maker. The market notes a close at 33.47 with a 5.7 percent gain.
Dr. Steve Stites warned that unvaccinated COVID-19 patients burden hospitals and staff, urging public mask use as Kansas counties report rising cases. State health officials note variants in all 105 counties, Delta dominant with over 10,500 cases and 103 Omicron cases across 18 counties. Topeka Municipal Court halts most in person dockets through Jan 14 due to spread in Shawnee County.
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