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February 1, 2013

Jobs Gains Modest

February 1, 2013

Jobs Gains Modest

BLS Jobs (January 2013)

The BLS Employment Situation Report showed 157,000 more jobs in January and substantial revisions to the 2 previous months.  There was a large increase in the labor force driven the Unemployment Rate from 7.849% to 7.927%.  Details will appear here later today.

Construction Spending (December 2012)

-Construction Spending – Month/Month +0.9% -Construction Spending – Year/Year +7.8%

PMI Manufacturing Index (January 2013)

– Index Level 55.8.  Previous was 54.0.

ISM Manufacturing Index (January 2013)

– Level  53.1. Previous was 50.7.

This is the best showing since May.