Workers' Strike Slows Recovery

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Posted: Oct 05, 2021 1:44 PM
Workers' Strike Slows Recovery

Source: AP Photo/Ted S. Warren, File

Today marks the 737th turnaround Tuesday since 1990.  Stocks are bouncing nicely, getting an extra boost from the ISM Service numbers, which came in much better-than-expected. It’s a reminder that the underlying economy remains resilient.  

By the same token, we are also reminded of pricing pressure and the workers’ strike continues to slow full recovery.

  • Headline 61.0 +0.2pp
  • Business activity 62.3 +2.0pp 
  • New Orders 63.5 +0.3pp
  • Employment 53.0 -0.7pp
  • Prices 77.5 +2.1pp

ISM Non-Manufacturing

In fact, among those items mentioned in short supply includes truck drivers.