Week in Review
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Started by TimNew - Oct. 9, 2021, 7:16 a.m.

Really not enough data to justify the effort,  but with the Employment Situation.....

Factory Orders_M/MAug-210.401.20C+
PMI Svc_M/MSep-2154.4054.90C
ISM Svc_M/MSep-2161.7061.90C
Employment Situation_M/MSep-21235K194KC
Jobless Claims_W/W10/2/2021362.00326.00B-

Factory Orders confirm the months long strength we've seen from MFG

Redbook remains in strong double digits.

Jobless Claims are approaching the "Low Normal" range.

It's hard to give ISM Services a C when it's measuring in the +60 range,  but the grading is based on relativity, sooo.  Services, a major portion of our economy remain quite strng and growing.

Finaly...   Another disappointing Employment Situation report. +194K is certainly respectable,  but far below expectations and requirements for a continuing recovery.  It raises a lot more questions than answer. One oddity about this report...    The final number for employment is the net result of Public and Private Non-Farm Payroll. For  September, Private Payrolls increased by 317K which means Public sector lost 123K jobs.  I'm all for smaller government but this is a never before (by me anyway) seen number.   I may have to dive a little deeper.

Anyway, too little data to draw real conclusions,  I'll go with a C+ for the week.  

By metmike - Oct. 9, 2021, 12:09 p.m.
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Thanks Tim!

By metmike - Oct. 11, 2021, 12:03 p.m.
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This is the compilation for the last 2 years: