ISM Could Bode Well For Payrolls

The manufacturing ISM rose to 55.9 from 53.6 in November. Looking at the components the Prices Paid Index rose to 61.5 in December from 55.0, while New Orders jumped to 65.5 from 60.3 in November. But, the big story may be in the Employment Index, which climbed to 52.0 in December from 50.8. This result could bode well for payrolls on Friday, especially if confirmed by the non-manufacturing ISM’s employment index and the ADP employment report.