U.S. non-manufacturing index falls, payroll employment rises

(May 3, 2013) -- The Institute for Supply Management (ISM) non-manufacturing index fell to 53.1 in April 2013 from 54.4 in March. Market expectations had been for a smaller decline. April 2013 payroll employment rose 165,000 in the month, which was moderately stronger than the 140,000 gain that had been expected.