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We have a guest post from Shane Neagle, who is the editor-in-chief of The Tokenist. In this post, Shane explores the key elements of an earnings report and demonstrates how Stock Rover transforms complex data into actionable insights for more confident investment decisions. To learn more, you can read the post here.
The January ISM® (Institute for Supply Management®) Manufacturing PMI® reported at 50.9%, up 1.7 percentage points from the previous month’s seasonally adjusted reading. Timothy R. Fiore, Chair of the Institute for Supply Management® (ISM®) commented that “U.S. manufacturing activity expanded in January after 26 consecutive months of contraction. Demand clearly improved, while output expanded and inputs remained accommodative”. Both indices demonstrated positive growth, with the Production Index beginning to expand once more at 52.5% and the New Order Index increasing to 55.1%. After contracting for 14 of the previous 16 months, the Employment Index returned to expansion with a reading of 50.3%. Additionally, the New Export Orders Index improved to 52.4%, according to the report. After seven months of contraction, imports entered expansion, with the Imports Index reaching 51.1%. The Price Index climbed to 54.9% as raw material prices rose for the fourth consecutive month. Order fulfillment remains challenging as the Backlog of Orders Index shrank even more to 44.9%.
The S&P Global US Services PMI® report for January 2025 showed that the US service sector continued to grow, although at a slower pace than the previous month. The Business Activity Index dropped to 52.9 from 56.8, showing solid expansion despite weaker increases in activity and new orders. The rate of output expansion slowed significantly and was at its lowest level since April 2024 as the Output Index declined to 52.7 from 55.4 in December. Job creation reached a 31-month high, driven by companies’ confidence in their outlook, even as inflationary pressures increased. The rate of job creation was the fastest since June 2022. The report noted a minor decline in business confidence, which was attributed to softer demand brought on by shifting expectations for interest rates. Adverse weather conditions also contributed to the slowdown. Overall, while growth remains positive, it is projected to level off in February.
The U.S. Bureau of Labor Statistics reported an increase of 143,000 jobs in January, as the unemployment rate decreased 0.1 percentage points to 4.0%. The number of unemployed was little changed at 6.849 million. A year earlier, the unemployment rate was 3.7%, and the number of unemployed was 6.149 million. Long-term unemployment remained stable at 1.4 million, accounting for 21.1% of all unemployed. Health care (+44,000), retail trade (+34,000), government (+32,000), and social assistance (+22,000) all saw job increases. Permanent job losses among the unemployed were little changed at 1.708 million. The labor force participation rate edged up to 62.6%; it has consistently remained between 62.5% and 62.7% since December 2023. Average hourly earnings grew 0.5%. At $35.87, average hourly earnings are up 4.1% from a year ago. Revisions to the November-December figures showed that 100,000 more jobs were added than were initially reported.
Wednesday February 12 – CPI (MoM) (January)
Thursday February 13 – PPI (Mom) (January)
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