The August ISM Manufacturing Survey shows PMI increased 0.3 percentage points to 55.7%. Seems the survey results held the July blow out increase and PMI is now at the highest level for the year. New orders showed the most promise, with a 4.9 percentage point increase from last month, although the production index declined.
Happy Labor Day! The national holiday came about as an actual day of contrition by Congress for murdered striking railroad workers, although a union, the Knights of Labor, had been organizing celebrations before the Pullman Strike, along with the Central Labor Union.
A woman named Dawn Hughey had worked at a Dollar General store for just four months when she was named "manager" of a store in the Detroit suburbs in 2009. Having recently moved home after a stint in California, Hughey had hoped the new honorific title (and its accompanying annual salary) would help her start a new life in Michigan. But like other managers in America's booming dollar store industry, Hughey quickly came to realize she was a manager in name only.
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