Don’t think the economic needle is moving in the heartland?  Goods producing jobs, what I like to call ‘dirty fingernail jobs,’ are on fire. 

There has already been a 400% increase in goods producing jobs from 2016, and there’s still three months remaining in the year.

Monthly Average

• 2016: 7,200
• 2017: 47,200 

Service Economy

The ISM Non-Manufacturing Report came in with headline number of 59.8, the estimate was 55.2. 

Highlights include:

• Business Activity 61.3
• New Orders 63.0
• Employment 56.8

The release confirms strength across the economic spectrum that looks not only sustainability, but also likely to gain momentum.

ISM Service Report

The 10 industries reporting an increase in employment in September:

• Real Estate
• Rental &Leasing
• Wholesale Trade
• Retail Trade
• Finance & Insurance
• Management of Companies & Support Services
• Mining
• Transportation & Warehousing
• Health Care & Social Assistance
• Construction

The 5 industries reporting a reduction in employment in September

• Arts, Entertainment & Recreation
• Utilities
• Public Administration
• Professional
• Scientific & Technical Services
• Information

The major indices are all in the green but advancers lag decliners 1366/1453 on the NYSE, while advances led decliners on the NASDAQ 1521/1237.

Let’s hold off for now