Posted by WARREN MOSLER on 1st February 2010
Shocker is employment component of Chicago PMI
->up from 47.6 to 59.8; was at 38.1 in October.
ISM employment component has been above 50 for the past 3mths but hasn’t translated into real job gwth.
Full Chicago details:
- Final Michigan Survey up to 74.4 from 72.8 prelim and 72.5 in Dec
- 5-10yr inflation expectations up to 2.9% from 2.8%