From the ISM:
"The manufacturing sector grew for the seventh consecutive month during February. While new orders and production were not as strong as they were in January, they still show significant month-over-month growth. Additionally, the Employment Index is very encouraging, as it is up 2.8 percentage points for the month to 56.1 percent. This is the third consecutive month of growth in the Employment Index. With these levels of activity, manufacturers are seemingly willing to hire where they have orders to support higher employment."
2 comments:
If manufacturing still loses jobs after registering a 56.1 in the ISM employment index then I don't know what to believe anymore.
I want to share a remark I read by one of the 'doom and gloomers' over at Market Watch:
Normally 90 to 110, the ISM at 55 is like builder confidence at 17 up from 15.
55 is a historical low area
Right. I'd like to see the index over 100.
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