Chicago PMI Report Has Some Seriously Bad News On Jobs

Earlier we reported on the weak Chicago PMI report, which fell into contraction at a 49 level, vs. the 52 level that analysts had expected.

The various sub-indices of the report were really ugly as well, especially employment.

Check it out. The index collapsed from 55.1 in March to 48.7 in April.

Just 18 % of companies say they plan to hire more. That’s down from 27% in March.

18% of companies say they plan to hire less, up from 16%.

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