Labor Market Weakens in August.

ISM Non-Manufacturing Index (August 2016)

– Composite Index 51.4. Previous was 55.5

 

Labor Market Conditions Index (August 2016)

– Index -0.7. Previous was 1.3.

This is the broadest metric for the jobs market and this has been negative for 7 of the past 8 months. Media accounts that the jobs market has been healthy this year are inaccurate.