U.S. Nonfarm Payrolls vs. U.S. ISM Manufacturing PMI

U.S. Nonfarm Payrolls vs. U.S. ISM Manufacturing PMI When the ISM manufacturing index is below 50, it is less likely for payrolls to rise due to the associated decline in manufacturing activity and the potential for job losses. Image: BofA Global Investment Strategy

U.S. Labor Market – U.S. Nonfarm Payrolls vs. Retail Sales

U.S. Labor Market – U.S. Nonfarm Payrolls vs. Retail Sales Higher payrolls can potentially lead to higher retail sales, as increased income for employees can result in greater purchasing power. Image: BofA Global Investment Strategy