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ISM employment index -- another V sign

This is a follow up to my post earlier today. This chart shows the Institute for Supply Management's manufacturing employment index. This index has traced what could be the biggest V-shaped recovery of them all, surging from a low of 25.9 to 56.1 in just one year. In the past 20 years it has been this high or higher in only 10 months (2004-2005). This is undeniably good news, as it is a clear sign of new hiring activity.

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