Employment Index Highest in 37 Years

The ISM manufacturing report says employment should pick up sharply. . .

The ISM survey of manufacturers reported today that its Employment Index was the highest in 37 years.  Today’s reading is only the 2nd time since 1959 that the index has exceeded a reading of 64.  Peak readings in the Employment Index correlate well with rising New Orders and, obviously, rising employment.  All of these metrics tend to coincide with above average economic growth and rising equity markets. Jeb Terry, Sr. Mar. 1, 2011

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