Obama Highlights Nation's Manufacturing Gains

[rdean]

Obama Highlights Nation s Manufacturing Gains

The manufacturing sector is nowhere near where it was at its peak in 1979 and early 1980 when it accounted for more than 19 million jobs. Between 2000 and the beginning of 2009, the sector lost nearly 5 million jobs.

ISM Manufacturing Set For A Strong Q4

Economic activity in the manufacturing sector expanded in September for the 16th consecutive month, and the overall economy grew for the 64th consecutive month, say the nation’s supply executives in the latest ManufacturingISM Report On Business.

Manufacturing expanded in September as the PMI registered 56.6 percent, a decrease of 2.4 percentage points when compared to August’s reading of 59 percent. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.

“Even with new orders down 6.7 percent, 60 is still a great number and August’s 66.7 was the highest number in years so you can’t expect to maintain at that level,” says Bradley J. Holcomb, CPSM, CPSD, chair of the ISM Business Survey Committee. “It’s a continuation of what we’ve been seeing. Now we’ve got 3 quarters in the drawer and from a quarterly perspective, Q3 has been the strongest quarter yet with an average PMI of 57.6. Whereas Q2 is at 55.2 and Q1 was 52.7. So very much moving in the right direction and setting us up for a good fourth quarter.”

U.S. Unemployment Rate Falls Lowest In 6 Years

The Labor Department report Friday also showed that employers added 69,000 more jobs in July and August than the government had previously estimated.

The rate fell from 6.1 percent in August and is now close to 5.5 percent, which many economists consider a healthy level.

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The news isn't all bad.

 

[Sunni Man]

 

[Tom Sweetnam]

Listen to that moron OP. Did you catch the unemployment rate being touted by Bammy and the marxists? 5.5%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Those lying bastards couldn't tell the truth if they had an M-16 barrel shoved up their collective assholes.

 

[rdean]

Listen to that moron OP. Did you catch the unemployment rate being touted by Bammy and the marxists? 5.5%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Those lying bastards couldn't tell the truth if they had an M-16 barrel shoved up their collective assholes.

Because the Institute for Supply Management are such bastards, right?

ISM - ISM Reports on Business

 

[Andylusion]

This is so dumb........ You drive up wages, and then complain that fewer people are employed in manufacturing.

There is no crisis in manufacturing. Last year was a record year in manufacturing.

There is a drop in hiring human labor in manufacturing. When you drive up the cost of labor, through minimum wage, or unions, or health care mandates, the result is that less labor is purchased.

Only a brainless idiot, or an elected president of idiots, whichever.... would drive up the cost of labor, and then be too stupid to understand the consequences. How are people this economically illiterate, and still able to use a computer, is beyond me. I'm surprised some of these morons can breath without assistance.

 

[Tom Sweetnam]

There is no crisis in manufacturing. Last year was a record year in manufacturing.There is a drop in hiring human labor in manufacturing.

Anthony Bourdain was in Shanghai last night having dinner with one of the local billionaires, who also happens to be an important economic theorist as well as being filthy rich. He said he thought the major problem facing humanity in the short term, was the fact that fewer and fewer people are necessary to do more and more work. The problem is compounded by the fact that 10 billion people will inhabit this planet by 2040. What are they all going to do?

 

[Andylusion]

There is no crisis in manufacturing. Last year was a record year in manufacturing.There is a drop in hiring human labor in manufacturing.

Anthony Bourdain was in Shanghai last night having dinner with one of the local billionaires, who also happens to be an important economic theorist as well as being filthy rich. He said he thought the major problem facing humanity in the short term, was the fact that fewer and fewer people are necessary to do more and more work. The problem is compounded by the fact that 10 billion people will inhabit this planet by 2040. What are they all going to do?

Gah ........ Have you read the history of economics?

Do you have any idea how long people have been saying that claim? Since the very start of the industrial revolution, in the 1700, people have been freaking out that eventually there will be no work left, and everyone will be unemployed doing nothing.

They screamed about it in the 1800s, 1850s, 1900s, 1950s, and now today. It's the same chicken little, sky is falling, end of the world, we'll-all-be-replaced-by-robots, dooms day scenario.

Since the first group of people in the mid 1750s, were laid off from their cotton - yarn spinning job, replaced by one worker producing the same amount of yarn from a Spinning Jenny, people have claimed that soon there would be no jobs for people. For 265 years, it hasn't been true, and it's still not true.

As long as wages are allowed to float freely, someone somewhere will find something to do with that labor.

Now yes, if you jack up the price of labor artificially with minimum wage and labor laws, and health care mandates, then yes, you are absolutely right. As labor prices go up, labor purchases will go down, and those people will have no jobs, and never will.

 

[CrusaderFrank]

Obama successfully manufactured Ebola and EV D-68 disease vectors in the USA

 

[Mr. H.]

I'll at least commend The Dean for not taking a pot-shot at Republicans in the OP.

 

[rdean]

Obama successfully manufactured Ebola and EV D-68 disease vectors in the USA

All by himself:

 

[CrusaderFrank]

Obama successfully manufactured Ebola and EV D-68 disease vectors in the USA

All by himself:

He ordered the disease vectors to be dispersed into US metropolitan areas.

He let Patient Zeros family and all the people on the plane Patient Zero contacted mill about in public.

Obama did it all by himself

 

[rdean]

Obama successfully manufactured Ebola and EV D-68 disease vectors in the USA

All by himself:

He ordered the disease vectors to be dispersed into US metropolitan areas.

He let Patient Zeros family and all the people on the plane Patient Zero contacted mill about in public.

Obama did it all by himself

Well of course. He monitors plane flights from overseas to every airport in America as well as the health status of every single individual. Everyone knows that.

 

[rdean]

I'll at least commend The Dean for not taking a pot-shot at Republicans in the OP.

When you think about the millions of Americans who could have healthcare during a time of a health scare it pretty much speaks for itself. Just think, someone could wait until they get really sick, infect a lot of people and THEN finally go to the emergency room when they run out of options.

Texas Gov. Rick Perry other Republicans vow to block Medicaid expansion Dallas Morning News

 

[Sunni Man]

Just think, someone could wait until they get really sick, infect a lot of people and THEN finally go to the emergency room when they run out of options.

Or they could go to the Emergency room when they first felt sick. .......