New York ISM Employment Crashes At Fastest Pace Ever To 7-Year Lows

For the second month in a row, New York Purchasing Managers saw contraction in the headline, printing 49.6 (below 50). Though a slight improvement from August's 47.5, the outlook tumbled to 59.5 (from 65.5) but it was the carnage in the jobs market that is most notable. ISM NY Employment crashed from 54.9 to 33.9 - its biggest drop ever - back to June 2009 lows...

Probably nothing...

The chart is adjusted for expansion/contraction at the 0-x-axis representing 50.

Notably, Expected Demand in 6 months also fell to its lowest since April.