The recovery continues…..
“Davidson” submits:
The latest Institute of Supply Management Purchasing Manager Report(PMI) was reported this morning reflecting Jan 2010 survey period with the PMI Index at 58.4%(higher than 41.2% is correlated to an expanding economy). In line with recent positive 4Q of GDP report of 5.7% and the Conference Board Help Wanted Online expansion of 382,000, the ISM Employment Index was 53.2%(higher than 49.7% is correlated to expanding employment). I have provided the PMI Index and the ISM Employment Index below. The link to the press release :
Employment is the foundation of continuing economic improvement. The ISM Employment Index first indicated net employment growth in Sept 2009.
With the improving job strength showing in these indicators, the recovery appears on track to continue. This should over time be a continued positive for portfolios.
