"some good news on employment in the ISM Manufacturing survey report"

[ProSense]

There was some good news on employment in the ISM Manufacturing survey report this morning:

ISM's Employment Index registered 53.1 percent in October, which is 6.9 percentage points higher than the 46.2 percent reported in September. This is the first month of growth in manufacturing employment following 14 consecutive months of decline. An Employment Index above 49.7 percent, over time, is generally consistent with an increase in the Bureau of Labor Statistics (BLS) data on manufacturing employment.

That calls out for a graph!

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According to the BLS, manufacturing employment has declined by about 50 thousand per month for the last 3 months. The ISM survey suggests that manufacturing employment might have increased in October. The equation suggests an increase of about 4,000 manufacturing jobs in October (with significant variation) - not much, but that is far better than losing 50,000 jobs per month.

link

[Clio the Leo]

1. growth in manufacturing is ALWAYS a good thing. NT

[ProSense]

2. Not good news to someone. n/t

[Clio the Leo]

3. ha ha .... brush your shoulders off kid.

... and keep up the good work!