Pantheon Macroeconomics - The 6.4-point rebound in the May ISM non-manufacturing employment index, to a very high 57.8, supports our view that summer payroll growth will be strong. On the face of it, the survey is consistent with job gains in excess of 300K, as our first chart shows, but that's very unlikely to happen.

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6 June 2017 ISM Non-manufacturing Jobs Up Sharply. Summer Payrolls to Surge?

By Ian Shepherdson

The 6.4-point rebound in the May ISM non-manufacturing employment index, to a very high 57.8, supports our view that summer payroll growth will be strong. On the face of it, the survey is consistent with job gains in excess of 300K, as our first chart shows, but that's very unlikely to happen.

Posted: 5th Jun 2017 in 'U.S. Documents'

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