CONFIRMED: It Really Is Halftime In America

Want more proof that Obama’s enjoying an economic boom of the same magnitude that Reagan had during his re-election?

That Chicago PMI report? The employment sub-index hit its highest level since 1984.

Here’s a table of the readings from the report.

What your looking at is a survey of businesses, where they were asked if they were adding or subtracting jobs. In February, 37% of businesses said they were adding jobs. In January, it was only 19%.

cahrt

Photo: ISM Chicago

And here’s the chart:

chart

Photo: ISM Chicago

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.