NYC Purchasing Managers: Report Record Employment
New York City purchasing managers reported that employment reached another record high level in October even as the current business conditions index and six-month outlook turned lower, according to the survey released by the Institute for Supply Management-New York on Friday.
Employment, a seasonally adjusted index, rose to the highest point since it was added to the report in 2007 for the second month in a row. In October, the employment index was at 82.1, increasing by 8.3 and reaching the 80s for the first time. In September, employment was at 73.8, the first time this index reached the 70s.
The New York metro current business conditions index fell to 69.8 in October from 72.5 in September.