U.S. Manufacturing Contracts For 14th Straight Month

[excalibur]

Just more of that Biden economy, for you. But plenty of government jobs at all levels of government, you know, people who produce nothing.

The manufacturing sector continued to contract in December, a closely watched economic barometer from the Institute for Supply Management indicated on Wednesday.

The ISM purchasing managers’ index, or PMI, rose to 47.4 percent in December, slightly higher than the 47.2 percent analysts had forecast. In the prior month, the PMI came in at 46.7.

Despite the better-than-expected improvement, the figure remains below the 50 percent threshold dividing expansion and contraction for the sector. Levels above 48.7 tend to indicate expansions for the overall economy.

New orders fell 1.2 percent in December. Customer inventories fell to back to negative territory, although this can be seen as a promising development for future demand.

New orders fell 1.2 percentage points to 47.1. The prices paid gauge fell to a level slightly below its three month average. Prices rose 4.1 percent in 2023, according to ISM’s Timothy Fiore, and are expected to rise 3.1 percent this year.

Of the 17 industry sectors tracked by ISM, only primary metals expanded in December.​

U.S. Manufacturing Contracts For 14th Straight Month

The manufacturing sector continued to contract in December, a closely watched economic barometer from the Institute for Supply Management indicated on Wednesday. | Economy

www.breitbart.com

 

[John Edgar Slow Horses]

According to the Manufacturers Alliance for Productivity and Innovation Foundation, the US manufacturing industry has seen a growth of 3.9% in production for 2019, 2.4% in 2020, and 1.9% in 2021 1. However, according to the U.S. Bureau of Labor Statistics, the manufacturing industry has shown little net change over the year 2.

It’s worth noting that the manufacturing industry is a complex and dynamic sector, and its growth can be influenced by a variety of factors such as technological advancements, global economic conditions, and government policies.

------------
IOW, it continues to grow, which it did not under Trump.

 

[excalibur]

 

[1srelluc]

Biden Is Close To Setting A New Record — More Gov’t Jobs Than Ever Before

The total number of government employees in the U.S. is edging close to a new record, only being outdone by one other month in the country's history.

dailycaller.com

The total number of government employees in the U.S. is edging close to a new record, only being outdone by one other month in the country’s history, according to data from the Bureau of Labor Statistics (BLS).

The U.S. added 49,000 government jobs in November, with 32,000 of those being local and 17,000 of those being federal, bringing the total number of government employees to 22,967,000, according to the BLS.

The number of total government employees in November is only outdone by one other month, with 22,996,000 people being employed by the government in May 2010 as a result of temporary hiring used to perform the census that year, according to the Federal Reserve Bank of St. Louis (FRED).

 

[22lcidw]

According to the Manufacturers Alliance for Productivity and Innovation Foundation, the US manufacturing industry has seen a growth of 3.9% in production for 2019, 2.4% in 2020, and 1.9% in 2021 1. However, according to the U.S. Bureau of Labor Statistics, the manufacturing industry has shown little net change over the year 2.

It’s worth noting that the manufacturing industry is a complex and dynamic sector, and its growth can be influenced by a variety of factors such as technological advancements, global economic conditions, and government policies.

------------
IOW, it continues to grow, which it did not under Trump.

Let every way of employment be of government. All of it. Where most people get paid the same and live the same. Whether the work is done excellently or poorly. We have privileged employment now where that exists in their realm. And the costs to everyone is expensive.

 

[1srelluc]

Let every way of employment be of government. All of it. Where most people get paid the same and live the same. Whether the work is done excellently or poorly. We have privileged employment now where that exists in their realm. And the costs to everyone is expensive.

Collective farm much?

 

[bendog]

Just more of that Biden economy, for you. But plenty of government jobs at all levels of government, you know, people who produce nothing.

The manufacturing sector continued to contract in December, a closely watched economic barometer from the Institute for Supply Management indicated on Wednesday.​

​

The ISM purchasing managers’ index, or PMI, rose to 47.4 percent in December, slightly higher than the 47.2 percent analysts had forecast. In the prior month, the PMI came in at 46.7.​

​

Despite the better-than-expected improvement, the figure remains below the 50 percent threshold dividing expansion and contraction for the sector. Levels above 48.7 tend to indicate expansions for the overall economy.​

​

New orders fell 1.2 percent in December. Customer inventories fell to back to negative territory, although this can be seen as a promising development for future demand.​

​

New orders fell 1.2 percentage points to 47.1. The prices paid gauge fell to a level slightly below its three month average. Prices rose 4.1 percent in 2023, according to ISM’s Timothy Fiore, and are expected to rise 3.1 percent this year.​

​

Of the 17 industry sectors tracked by ISM, only primary metals expanded in December.​

U.S. Manufacturing Contracts For 14th Straight Month

The manufacturing sector continued to contract in December, a closely watched economic barometer from the Institute for Supply Management indicated on Wednesday. | Economy

www.breitbart.com

Amazing what interest rate hikes will do.

buuuut

2024 manufacturing industry outlook

Manufacturers should continue embracing digital transformation opportunities to contribute to building a competitive, resilient future, while addressing manufacturing challenges.

www2.deloitte.com

But imo the border will doom Biden's chances.

 

[excalibur]

Amazing what interest rate hikes will do.

buuuut

2024 manufacturing industry outlook

Manufacturers should continue embracing digital transformation opportunities to contribute to building a competitive, resilient future, while addressing manufacturing challenges.

www2.deloitte.com

But imo the border will doom Biden's chances.

Oh, an 'outlook'.

Meanwhile, we keep getting the jobs number revised downward for past months. So far for 2023, Jan-Nov, at least 10 of those 11 months' jobs number have been revised downward.

 

[John Edgar Slow Horses]

excalibur, remember, is working for Putin.

 

[initforme]

The factory owners need to start paying for work which they have not. Problem solved