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U.S. Nonmanufacturing Sector Slowed in December

Wall Street Journal (01/06/14) Kathleen Madigan

The Institute for Supply Management reports a decrease in its nonmanufacturing purchasing managers index from 53.9 in November to 53.0 in December, falling short of a Dow Jones Newswires forecast of 54.5. The new orders index fell for the first time since July 2009, from 56.4 to 49.4 on a month-to-month basis.

Meanwhile, the employment index edged up from 52.5 to 55.8, and the business activity and production index held steady at around 55.2. The inventory index dropped from 54.0 to 48.0, and the prices index rose from 52.2 to 55.1.

Factory Orders Rose Modestly in November

United Press International (01/06/14)

Factory orders for manufactured goods increased 1.8% in November, according to the U.S. Department of Commerce, while durable goods orders increased by 3.4%. New orders rose to their highest level since 1992.

Yellen Wins Confirmation as Fed Chief

Los Angeles Times (01/07/14) Jim Puzzanghera; Don Lee

The U.S. Senate has confirmed Janet Yellen as the next chief of the U.S. Federal Reserve. The Senate voted 56 to 26 to confirm her to succeed Fed Chairman Ben Bernanke on Feb. 1.

Senate Narrowly Votes to Advance Jobless Aid Bill

NBC News (01/07/14) Carrie Dann; Kasie Hunt

In a 60 to 37 vote, the U.S. Senate has voted to proceed with consideration of a bill to extend unemployment benefits to more than one million of the long-term unemployed. The Obama administration had argued that not extending the benefits would hurt the economy.

Free ASAPro Webinar This Month—Fix Your Sales and Recruiting Workflow

Do you have more orders than your firm can process? Find out how to create consistent sales and recruiting workflow processes during the ASAPro webinar “Best Practices in Sales and Recruiting Workflow Processes.” It takes place Thursday, Jan. 30, 3–4 p.m. Eastern time.

ASAPro webinars are free for ASA members and qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit