ADP Employment Report
http://www.adpemploymentreport.com/pdf/FINAL_Report_October_11.pdf
*Total employment: +110,000
* Small businesses:* + 58,000
* Medium businesses:** + 53,000
* Large businesses:*** - 1,000
* Goods-producing sector: - 4,000
* Service-providing sector: +114,000
Addendum:
* Manufacturing industry: - 8,000
*Small businesses represent payrolls with 1-49 employees
** Medium businesses represent payrolls with 50-499 employees
*** Large businesses represent payrolls with more than 499 employees
Note: All data included in the ADP National Employment Report is based on size of payroll. In some cases, small and medium-size payrolls belong to businesses employing more workers than indicated by the size grouping.
___________________________
Thots N Observations....
1) Service Sector and the SMEs drives growth.
2) Manufacturing and the Goods Producing Sector continues to be weak.
3) The Jobs add picture could be turning.
US ISM Report
http://www.ism.ws/ISMReport/MfgROB.cfm
PMI at 50.8%
Thots N Observations....
Good news is that New Orders, Production and Employment Indices are growing
New Orders Index is at 52.4% in Oct (vs 49.6% in Sept).
No comments:
Post a Comment