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http://mam.econoday.com/byshoweventfull.asp?fid=461329&cust=mam&year=2014&lid=0&prev=/byweek.asp#top
So the manufacturing index is exploding. The non-manufacturing index is exploding. The ADP report lists hundreds of thousands of private sector jobs added.
Me thinks the unemployment report on Friday is going to be more bad news for republicans.
So the manufacturing index is exploding. The non-manufacturing index is exploding. The ADP report lists hundreds of thousands of private sector jobs added.
Me thinks the unemployment report on Friday is going to be more bad news for republicans.
ISM's non-manufacturing sample reports very solid conditions, at a composite 59.3 in November vs 57.1 in October. Aside from August's 59.6, November is a recovery high going back more than 9 years. New orders are very strong, up 2.3 points in the month to 61.4 with backlog orders up 4.0 points to 55.5 in a reading last matched in April 2011. Strength in orders is keeping up business activity which rose 4.4 points to a very strong 64.4. Employment remains solid but did slow 2.9 points from October's near record of 59.6. Deliveries slowed noticeably, which is another sign of strength, while inventories rose. Pressures on input prices rose a bit to 54.4 which, however, is still benign for this reading. A look at industries shows the retail sector at top, which of course is very good news going into the holidays, and construction right behind which is also very good news. This report points to solid year-end acceleration for the economy.