- Members still uncertain about the future
- Companies are definitely hiring
- Hiring reflects steady growth in services
- Price increases may influence jobs and spending
- Full report here
This comment from the report rings true to me:
“Overall conditions continue to be unpredictable. Sales are inconsistent as customers reel to the news of the day, which creates havoc on the supply chain to respond.”(Retail Trade)
Prices paid rose to 64.3 from 54.9. One line of thinking is that the Fed won’t do QE3 because of higher prices here, the ISM manufacturing index and higher inflation expectations in the U of Michigan consumer sentiment survey.
