Manufacturing jobs increase for the second year in a row

Discussion in 'Economy' started by Chris, Jan 5, 2012.

  1. Chris
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    Chris Gold Member

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    When the Labor Department reports December employment numbers on Friday, it is expected that manufacturing companies will have added jobs in two consecutive years. Until last year, there had not been a single year when manufacturing employment rose since 1997.

    And this week the Institute for Supply Management, which has been surveying American manufacturers since 1948, reported that its employment index for December was 55.1, the highest reading since June. Any number above 50 indicates that more companies say they are hiring than say they are reducing employment.

    There were new signs Thursday that the overall jobs climate was improving, as the Labor Department reported that new claims for unemployment benefits fell last week and a payroll company’s report showed strong growth in private-sector jobs in December.

    http://www.nytimes.com/2012/01/06/business/us-manufacturing-is-a-bright-spot-for-the-economy.html
     
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  2. imbalance
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    imbalance Silver Member

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    solar panels FTL
     
  3. Chris
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    Chris Gold Member

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    As stores have filled with inexpensive imports from China and other Asian countries, the perception has risen that the United States no longer makes much of anything. Certainly there has been a long decline in manufacturing employment, which peaked in 1979 at 19.6 million workers. Now even with hiring over the last two years, the figure is 11.8 million, a decline of 40 percent from the high.

    But those numbers obscure the fact that the United States remains a manufacturing power, albeit one that has been forced to specialize in higher-value items because its labor costs are far above those in Asia. The value of American manufactured exports over a 12-month period peaked at $1.095 trillion in the summer of 2008, just before the credit crisis caused world trade volumes to plunge. At the low, the 12-month figure fell below $800 billion, but it has since climbed back to $1.074 trillion. Those figures are not adjusted for inflation.

    In total exports, including manufactured goods as well as other commodities like agricultural products, the United States ranked second in the world in 2010, behind China but just ahead of Germany. For the first 10 months of 2011, Germany is slightly ahead of the United States.

    The United States is particularly strong in machinery, chemicals and transportation equipment, which together make up nearly half of the exports. Exports of computers and electronic products are growing, but are well below their precrisis levels. Production of cheaper computers and parts shifted to Asia long ago.

    http://www.nytimes.com/2012/01/06/b...ng-is-a-bright-spot-for-the-economy.html?_r=1
     
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  4. skookerasbil
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    skookerasbil Gold Member

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    LMAO...................

    this asshole Chris is the most miserable mofu on the whole board..........he's been watching his entire land of Disney falling like a stone in water for the past 3 years. Spends hours a day drudging up shit like this believing that he's gonna change the election results from this nether-region of the internet. Keep an eye out......topics are fringe of the fringe. Too.....dumbass doesnt realize this is a POLITICS forum:D:D:D Thinks if 179 Americans think we are increasing manufacturing jobs, its a voting bloc.:up::2up:


    By the way...........apparently, the two most popular single words in the NY Times on news on the economy? "Increasing" and "growing"...................clever shit!!~
     
    Last edited: Jan 5, 2012
  5. Stephanie
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    Stephanie Diamond Member Supporting Member

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    hey, if the Obama labor department said it and the NYslimes reported it. then by golly it's time to tell all those unemployed it's just a figment of their imagination
     
  6. Flopper
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    Flopper Gold Member

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    American manufacturers have discovered the key to success, manufacture high valued items with low labor cost. For years we tried to go toe to toe with countries such as China, India, South Korea, and Mexico whose labor costs were 1/3 to 1/10 of ours. Manufacture of consumer electronics, small appliances, apparel, and textiles have all but disappeared from the US.
     
  7. rdean
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    rdean rddean

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    One of the real reasons the Indiana Republican State Representatives want to do away with unions is so companies can fire employees for any reason, take away their voices in the workplace and do away with dues-paying workers pooling their resources and supporting candidates in city, county, state and federal elections that represent working men and women's best interests. That's the bottom line why we are faced with right-to-work in Indiana at this time.

    Republicans fight for the right to make less
     
  8. Stephanie
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    Stephanie Diamond Member Supporting Member

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    holy shit, did they say the right to work........HURTS everyone?
    there you have it folks...they don't care if you have a job or not...it's just all what THEY WANT.
    And since when does the actual worker get to make the DECISIONS of which candidate their moneis go for..???
    Their big wig 1% living UNION BOSSES do that for them.
     
    Last edited: Jan 5, 2012
  9. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    From Chris' own link:
    We can't even begin to solve the problem as long as there are so many people like Chris who refuse to acknowledge the problem in the first place.

    Chris: "I can't admit the economy is in the shitter because then they'll all call me a RACIST!" :frown:
     
  10. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Let's hope the manufacturing jobs and jobs in general show continued improvement. I'm clearly not an Obama supporter but I'd really like to see more people working. If that means he gets re-elected, so be it.

    That said, let's not get ahead of ourselves. I don't see much reason for optimism in 2012 in job creation. Love to be wrong though.
     
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