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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (15487)	6/1/2004 11:15:36 AM
From: Donald Wennerstrom	Respond to of 95632

Jobs gains boost May ISM Highest employment level since April 1973 cbs.marketwatch.com <<By Greg Robb, CBS.MarketWatch.com Last Update: 11:09 AM ET June 1, 2004 WASHINGTON (CBS.MW) - Manufacturers added to their payrolls in May, boosting the factory sector to its fastest pace of activity since January, the Institute for Supply Management reported Tuesday. The ISM index rose to 62.8 percent in May from 62.4 percent in April. This is the seventh month in a row that the index has been above 60. The increase was unexpected. The consensus forecast of estimates collected by CBS Marketwatch was for the index to fall slightly to 62.0. See Economic Calendar. Readings above 50 indicate expansion. The May PMI corresponds to a 7.2 percent increase in U.S. GDP. "It appears that second quarter growth will be very solid, and the momentum should carry over into the second half of the year," said Norbert Ore, chair of the ISM manufacturing business survey committee. In May, the rate of growth in new orders and production slowed slightly, but was offset by a significant increase in employment. Read full survey. The employment index rose to 61.9 in May from 57.8. This is the highest employment level since April 1973. "Manufacturing is in a hiring mode," Ore said. "The environment is ripe for hiring and there is a lot of hiring going on," he said.>> [snip]