Karim writes:
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:
| Jan | Dec | |
| Activity | 61.5 | 58.7 |
| Prices paid | 66.2 | 55.6 |
| Production | 66.6 | 64.2 |
| New Orders | 66.4 | 64.4 |
| Order backlogs | 54.3 | 52.0 |
| Inventories | 48.7 | 38.6 |
| Employment | 59.8 | 47.6 |
- 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%
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