Community Economics News

Economic Data Release

rebeccaplankey1 min readJune 5, 2018

Economic Data Release by Simon Medcalfe, PhD, Associate Professor of Finance and Economics

In April the Augusta Leading Economic Index (LEI) decreased 0.1% from March although it remains 1.0% higher than April 2017. In April residential housing permits and job openings decreased while initial claims for unemployment insurance increased as did energy prices.

The Labor Market Index (LMI) increased 0.1% from March and is 1.8% higher than April last year. Employment fell (on a seasonally adjusted basis) from March but the unemployment rate fell to 4.3%. Average weekly earnings declined to their lowest level, $776, since October 2013.

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rebeccaplankey

The mission of the Hull College of Business is to provide on-going high-quality business education, distinctive academic programs, and experiential learning opportunities that give our students and the business community a competitive advantage. We achieve this by investing in diverse faculty balanced in business acumen and academic rigor who conduct applied and basic research and through seamless collaboration with external constituents and within Augusta University.

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