April Manufacturing ISM Report On Business®; PMI at 60.4%; New Orders, Production and Employment Growing; Supplier Deliveries Slower; Inventories Contracting

Employment

ISM’s Employment Index registered 58.5 percent in April, which is 3.4 percentage points higher than the 55.1 percent reported in March. This is the fifth consecutive month of growth in manufacturing employment. An Employment Index above 49.8 percent, over time, is generally consistent with an increase in the Bureau of Labor Statistics (BLS) data on manufacturing employment.

Twelve of the 18 manufacturing industries reported growth in employment in April in the following order: Apparel, Leather & Allied Products; Nonmetallic Mineral Products; Miscellaneous Manufacturing; Paper Products; Furniture & Related Products; Computer & Electronic Products; Printing & Related Support Activities; Fabricated Metal Products; Transportation Equipment; Machinery; Food, Beverage & Tobacco Products; and Electrical Equipment, Appliances & Components. The only industry reporting a decrease in employment during April is Plastics & Rubber Products.

Employment           %Higher         %Same         %Lower         Net         Index
 
Apr 2010 26 68 6 +20 58.5
Mar 2010 21 69 10 +11 55.1
Feb 2010 22 68 10 +12 56.1
Jan 2010 15 73 12 +3 53.3

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