Dallas-area manufacturing data
- Prior was 34.9
- Production 29.4 vs 15.7 prior
- New orders 26.7 vs 20.8 prior
- Wages and benefits index hits record 48.1 vs 39.0 prior (prior had also been a record)
The main index has been bouncing around in the past few months but inflationary indications continue to rise. The raw materials and finished goods indexes both hit records as well. Even with that, the measures of future business are very strong.
In terms of hiring, asked about impediments to hiring 42.5% of companies said workers are looking for more pay than offered. That compares to 33.8% in April.