Oct
22
Economic News, Outlook & Notable Numbers - October 2012
Key U.S. Economic News
■ Non-farm payrolls increased by 114,000 in September and payroll gains in July and August were revised higher by +86,000. The household survey showed a significant increase in employment following three months of little change, pushing the unemployment rate down to 7.8%. However, due to an increase in those working part time for economic reasons, the broader U-6 measure of unemployment stayed at 14.7%.
■ The Institute of Management Supply Purchasing Managers Index (ISM Manufacturing PMI) moved back into expansion territory in September, increasing +1.9 points to 51.5%. The more leading new orders component increased +5.2 points, and the employment measure improved as well. Eleven of the eighteen industries surveyed reported growth.
■ Non-farm payrolls increased by 114,000 in September and payroll gains in July and August were revised higher by +86,000. The household survey showed a significant increase in employment following three months of little change, pushing the unemployment rate down to 7.8%. However, due to an increase in those working part time for economic reasons, the broader U-6 measure of unemployment stayed at 14.7%.
■ The Institute of Management Supply Purchasing Managers Index (ISM Manufacturing PMI) moved back into expansion territory in September, increasing +1.9 points to 51.5%. The more leading new orders component increased +5.2 points, and the employment measure improved as well. Eleven of the eighteen industries surveyed reported growth.
