Data: Institute for Supply Management; Chart: Axios Visuals

Purchasing managers indexes have been buoyant in recent months and in August the employment component on the Institute for Supply Management's non-manufacturing survey turned positive after five straight months of readings below 50.

What it means: PMI surveys ask businesses whether conditions are improving or worsening and then produce an index that measures the sentiment of the sector.

  • While overall PMI readings on both manufacturing and non-manufacturing indexes had shown V-shaped recoveries in recent months, unemployment has lagged.
  • September's jobs report showed the services sector was the largest industry in terms of gains, led by leisure/hospitality and retail trade, which added 318,000 and 142,400 jobs, respectively.

The overall services index hit 57.8, 0.9 percentage points higher than the August reading of 56.9, but below the July reading of 58.1.

Go deeper

Bryan Walsh, author of Future
Oct 21, 2020 - Economy & Business

Coronavirus pandemic postpones jobs of the future

Data: Cognizant; Chart: Andrew Witherspoon/Axios

Many of the digital jobs of the future have suffered during the later stages of the pandemic, while in-person health care jobs are on the rise.

Why it matters: Automation and digitization will profoundly change the U.S. labor market, but that future has been delayed as COVID-19 forces companies to shift into survival mode.

Pre-bunking rises ahead of the 2020 election

Illustration: Eniola Odetunde/Axios

Tech platforms are no longer satisfied with debunking falsehoods — now they're starting to invest in efforts that preemptively show users accurate information to help them counter falsehoods later on.

Why it matters: Experts argue that pre-bunking can be a more effective strategy for combative misinformation than fact-checking. It's also a less polarizing way to address misinformation than trying to apply judgements to posts after they've been shared.

Kendall Baker, author of Sports
1 hour ago - Sports

Locker Room wants to reinvent how fans talk sports

Courtesy: Betty Labs

Locker Room, a social audio app where fans can talk sports and spontaneously join live conversations, launches Tuesday on the App Store.

The state of play: The company behind Locker Room, Betty Labs, has raised $9.3 million in seed funding led by Google Ventures with participation from Lightspeed Venture Partners, Axios has learned.