ISM manufacturing index hits 15-month low, revealing deepening employment issues and production cuts.

Sharing is Caring!

Lost in the payroll mess, the ISM (manu) dropped to fifteen-month low not far off it. Worst part of it is how employment has dropped off during the summer, more evidence aligning with payrolls, hiring, layoffs, nominal incomes, etc.

Firms have been cutting back production, trimming hours, reducing headcounts, and backlogs are still declining at faster pace. And that means even less production, even fewer hours, even lower headcounts.

Exactly what the BLS found in payroll data through summer, before the Boeing strike.

See also  Judge Issues Gag Order Against Feds in Sean ‘Diddy’ Combs Case After ‘Freak Off’ Parties Were Leaked


Views: 52

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.