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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (8771)	7/6/2004 10:49:51 AM
From: mishedlo	Respond to of 116555

ISM money.cnn.com ISM Services index tumbled to 59.9 in June, down from May and well below Wall Street forecasts. July 6, 2004: 10:13 AM EDT NEW YORK (CNN/Money) - Growth in the U.S. services sector slowed dramatically in June, the nation's purchasing managers reported Tuesday, coming in below the previous month's reading and well shy of economists' forecasts. The Institute for Supply Management said its services index fell to 59.9 in June, down from May's reading of 65.2, and below Wall Street's expectations for a reading of 63.0, according to Briefing.com. A reading above 50 indicates expansion in the sector, while a reading below signals contraction. The ISM report is the latest indicator to point to a cooling U.S. economy.........

To: Knighty Tin who wrote (8771)	7/6/2004 10:53:10 AM
From: mishedlo	Respond to of 116555

Survey finds that U.S. companies are planning fewer job cuts but also reducing their hiring plans. July 6, 2004: 10:03 AM EDT NEW YORK (CNN/Money) - Announced job cuts in June fell to the lowest level in a year, but the rate of hiring also tumbled as employers look for more productivity from their existing workers, a consulting firm said Tuesday. Announced job cuts fell to 64,343 in June, down 12 percent from May and the lowest level since June 2003 when 73,369 jobs were cut, according to Challenger Gray & Christmas. Despite the drop in planned layoffs, companies also expect to hire 38,377 workers, down 31 percent from the previous month, the firm reported............. money.cnn.com