Employment not growing in manufacturing

 

The latest data from the purchasing managers (ISM) shows the employment index declining - again.

The index fell to 48.3. This level suggests employment in manufacturing is declining. Employment rises when the index is above 50.

Does it matter? It matters because it suggests the important manufacturing sector is not strong or strengthening. It is actually weakening.

This trend may have an important impact on commodities, earnings, and interest rates.

Stay tuned.

More details on how these ideas apply to portfolio management are found in The Peter Dag Portfolio on www.peterdag.com
 
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
Author, Profiting in Bull and Bear Markets

No. 1 bond timer in the past 12 months. 

Disclaimer. The content on this site is provided as general information only and should not be taken as investment advice nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
STRATEGIC INVESTING FOR UNCERTAIN TIMES. Learn how to manage your portfolio risk and sleep comfortably. Improve the certainty of returns by taking advantage of business cycle trends. Learn to use simple hedging strategies to minimize the volatility of your portfolio and protect it from downside losses.