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Thread: Strong Growth in Manufacturing Jobs

  1. #1

    Strong Growth in Manufacturing Jobs

    The Bureau of Labor Statistics reported that manufacturing employers added 27,000 jobs in November, and 285,000 over the past year. The bureau noted that both the workweek and overtime for the sector were unchanged, at 40.8 hours and 3.5 hours, respectively.

    The industry attributed the gains to the Trump administration rolling back some Obama administration-era regulations and changes in tax policy, but said they still needed more workers to keep up with growth.

    More at: https://www.washingtonexaminer.com/p...mps-trade-wars
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  3. #2
    Damn good job, Mr. President.

  4. #3
    The manufacturing sector is strong here . It also represents an opportunity for a young person to make some money , put some money away into a retirement account , get some pd holidays and vacation and health coverage . They are not going to get those things here with a service job .
    Do something Danke

  5. #4


    https://www.foxbusiness.com/economy/...pect-on-friday

    Jobs report falls short


    The U.S. economy added 155,000 jobs, less than the 200,000 job estimate. The data also fell short of the blowout month in October.

    The unemployment rate held steady at 3.7 percent, the lowest rate in nearly 50 years.

    Josh Wright, chief economist of software company iCIMS, told FOX Business ahead of the report, that retailers will likely struggle to fill roles because of the labor market, particularly in retail.

    “Job openings in the retail industry rose nearly 5% in a month when they normally decline (and did in fact decline in the other 4 industries we track), before seasonal adjustments,” he said in an email.

    Private sector employment increased by 179,000 jobs in November, according to the ADP National Employment report, missing analyst expectations of 195,000 jobs. The lower-than-expected number is likely a result of an increasingly tight labor market and a record number of unfulfilled positions, according to Moody’s chief economist Mark Zandi.
    Last edited by Zippyjuan; 12-08-2018 at 01:22 PM.
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  6. #5
    After the Job Openings and Labor Turnover Survey (JOLTS) reported record prints for virtually every notable labor market series for August, followed by a modest slowdown in September, there was another push higher across most labor market indicators in October. According to the BLS, after a downward revision in the September job openings from 7.009MM to 6.960MM, in October this number surged by 119K to 7.079 million, the second highest number of job openings on record.

    With prior revision, this will be not only the 4th consecutive month of job openings printing above 7 million, but more importantly, the 8th consecutive month in which there were more job openings then unemployed workers: considering that according to the payrolls report there were 5.975MM unemployed workers in October, there is now just over 1.1 million more job openings than unemployed workers currently, (how accurate, or politically-biased the BLS data is, is another matter entirely).

    In other words, in an economy in which there was a perfect match between worker skills and employer needs, there would be zero unemployed people at this moment (of course, that is not the case.)
    According to the BLS, rhe number of job openings increased in information (+45,000), real estate and rental and leasing (+38,000), educational services (+20,000), and state and local government education (+17,000). The number of job openings decreased in state and local government, excluding education (-38,000) and transportation, warehousing, and utilities (-33,000). Job openings were little changed in all four regions.
    Adding to the exuberant labor picture, while job openings remained above total unemployment, the number of total hires also remained surprisingly high, surging by 196K in October, and printing at 5.892 million, just shy of the all time high of 5.906 million reached in August. Hires increased in transportation, warehousing, and utilities (+90,000) and durable goods manufacturing (+43,000), but decreased in mining and logging (-11,000). According to the historical correlation between the number of hires and the 12 month cumulative job change (per the Establishment Survey), either the pace of hiring needs to drop, or else the number of new jobs will rise significantly in the coming months.

    Yet while both job openings and hires showed continued strength in the labor market, by one metric the job market may have peaked: the so-called "take this jobs and shove it" indicator - which shows worker confidence that they can leave their current job and find a better paying job elsewhere - dipped for a second consecutive month, declining by 50K in October, after dropping 84K in September from an all time high of 3.648 million, suggesting the workers on the margin are somewhat less reluctant to quit their jobs and look elsewhere. Quits increased in health care and social assistance (+33,000), transportation, warehousing, and utilities (+30,000), and educational services (+12,000). The number of quits decreased in other services (-39,000). Quits decreased in the Northeast region.


    More at: https://www.zerohedge.com/news/2018-...ployed-workers
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  7. #6
    Still recovering from the 08 til 2010 drop . Might be tough to get back to 2002 numbers by looking at Zips chart.
    Do something Danke



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