Fed releases first results from new consumer survey
About 17 percent of workers expect to be laid off in the coming year, according to results of a newly launched consumer survey from the Federal Reserve.
The figure for December was down from about 18 percent the previous month but up from about 15 percent in June, according to the initial results of the Survey of Consumer Expectations from the Federal Reserve Bank of New York.
About 22 percent of consumers expect to voluntarily switch jobs in the year ahead, down slightly from November but up from about 19 percent in June, the survey reported. Both figures have been holding steady in recent months.
Six months ago, the Fed began collecting data on consumer attitudes about the labor market, inflation and household finances. The results were released for the first time Monday, along with interactive charts.
The survey has been in the works for about five years and will add to monthly private data on consumer confidence. The information, to be released the first Monday of each month, will be used to help Fed officials set monetary policy and assist staff in researching connections between expectations and behavior.
Airbus sets company record for plane orders, deliveries
Airbus, the European aerospace conglomerate, said Monday it delivered 626 planes last year, a company record but still 22 fewer than U.S. rival Boeing Co.
They enjoyed a banner year as airlines ate up their offerings to renew or build their fleets, cut fuel costs and plan for continued growth in air travel.
Airbus’ orders last year rose to 1,619, more than twice its expectations. The order backlog sits at a record 5,559.
Philly newspaper workers will try to buy company
Workers at Philadelphia’s two largest newspapers plan to mount a bid to buy their company from feuding owners.
The Newspaper Guild would join with an unnamed partner to bid on The Philadelphia Inquirer, Philadelphia Daily News and Philly.com.
The guild has about 550 workers at the company.
—From news service reports