The Dallas Fed manufacturing survey beat expectations by the most since September 2013 and rose to near its highest since Feb 2012. Most of the 'current' sub-indices rose thogh prices paid tumbled (oddly to its lowest since August) and wages stagnated (as new orders surged to their 2nd highest since 2006 - entirely sustainable!!) What is probably more worrisome is the plunge in the employment expectations index - which dropped to its lowest since Dec 2013 (but but but the weather).
Headline looks great...
Led by totally unsustainable surge in new orders...
[3]
Because it seems managers are not expecting to hire as the six-months forward expectation for employees dropped to its lowest in 2014.