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ISM’s purchasing managers’ index for the services (non-manufacturing) sector stands at 54.7 points in November. Early expectations stood on a slide from 54.2 to 53.6 points.

However, the employment component dropped to 50.3 points, hardly above the 50 point mark separating growth from contraction. This is a worrying sign towards the Non-Farm Payrolls. The employment component stood on 54.9 points last month.

The positive figure within this report is a leap in new orders: 58.1 points.

In addition, the US also reported factory orders, which surprised with a rise of 0.8%, significantly better than no change that was expected.

This indicator and especially the employment component, provide good hints for the Non-Farm Payrolls. Here are more hints:

Further reading:  US recession already in play? One lone voice continues insisting