Non-Mfg ISM//Payrolls
Posted by WARREN MOSLER on March 3rd, 2010
Karim writes:
All key components up; prices paid lower but still at high level.
Employment up 4pts and up 4.5pts relative to 6mth avg.
Hopefully, BLS can put a reasonable number on snowstorm impact on Friday.
Ex-snow and census workers, would look for +25-50k number.
| Feb | Jan | |
| Composite | 53.0 | 50.5 |
| Activity | 54.8 | 52.2 |
| Prices paid | 60.4 | 61.2 |
| New Orders | 55.0 | 54.7 |
| Employment | 48.6 | 44.6 |
| Exports | 47.0 | 46.0 |
| Imports | 48.5 | 47.0 |
WHAT RESPONDENTS ARE SAYING …
- “Conditions for our business have substantially improved over the last three months.” (Information)
- “We are proceeding with caution based upon the current market conditions.” (Public Administration)
- “Business activity about the same as last month. Perhaps a slight increase in new orders for material and services — nothing major.” (Utilities)
- “The overall unemployment and the net effect of housing [instability] continue to affect our business.” (Retail Trade)
- “Business is okay. Customers are doing a lot of price shopping.” (Agriculture, Forestry, Fishing & Hunting)
March 3rd, 2010 at 2:03 pm
Didn’t know you and Krugman are practically neighbors….
”
Paul Krugman and his wife, Robin Wells, go to St. Croix. Here it is warm, and the days are longer, and the phone doesn’t ring much. Here they live in a one-bedroom condo they bought a few years ago, nothing fancy but right on the beach.
Read more: http://www.newyorker.com/reporting/2010/03/01/100301fa_fact_macfarquhar#ixzz0h8c5LYg9
Reply