Good Economic News

Economic news was good overall as Americans celebrated the nation's birthday. June's unemployment rate was unchanged as service industries continued to add workers to payrolls. Indexes of both the manufacturing and service sectors rose in June to their highest levels since early 2006.

Manufacturing, service sectors steam ahead
U.S. manufacturers and service companies continued to show sustained strength as both indexes measured by the Institute for Supply Management (ISM) climbed to their highest levels since April 2006.

The ISM Index of manufacturing rose 1 point to 56.0 in June. Upticks in new orders and productivity helped fuel the gain as the index moved higher for the third straight month.

per Vanguard: Vanguard Economic News

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