The January 2011 ISM Manufacturing Survey is out. PMI came in at red hot, furnace blasting 61.4%.January manufacturing ISM was 60.8%. This is a +0.6% increase from last month in the factory index and it's highest level since May 2004. The employment index rose to an astounding 64.5%, a 2.8% increase from last month. The last time the ISM manufacturing employment index was higher, wasJanuary 1973! The ISM also notes the unemployment index has only been above 60 three times in the last decade. http://www.economicpopulist.org/content/manufacturing-ism-february-2011-614
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