Labor Market Weaker. Supply Side Growth Slower.
PMI Services Index (September 2015)
– Level 55.1. Previous was 56.1
The Service Sector is growing but at a slower pace.
Labor Market Conditions Index (September 2015)
– Index Level 0. Previous was +1.2.
This would have been a very surprising number before last Friday’s much weaker that expected BLS Employment Situation Report.
ISM Non-Manufacturing Index
– Composite Index 56.9. Previous was 59.0.
Again, growing but at a slower pace.