ISM manufaturing misses expectation in july Jobless claims up, highest in a year

[tyroneweaver]

2nd month in a row
and
21 out of the last 24 months
Storm clouds are gathering for recession

Manufacturing PMI® at 46.8%; July 2024 Manufacturing ISM® Report On Business®

Economic activity in the manufacturing sector contracted in July for the fourth consecutive month and the 20th time in the last 21 months, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

finance.yahoo.com

As jobless claims hit highest level in a year, labor market remains healthy​

The number of Americans filing for unemployment benefits jumped to its highest level in a year last week

MSN

www.msn.com

 

[sealybobo]

2nd month in a row
and
21 out of the last 24 months
Storm clouds are gathering for recession

Manufacturing PMI® at 46.8%; July 2024 Manufacturing ISM® Report On Business®

Economic activity in the manufacturing sector contracted in July for the fourth consecutive month and the 20th time in the last 21 months, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

finance.yahoo.com

As jobless claims hit highest level in a year, labor market remains healthy​

The number of Americans filing for unemployment benefits jumped to its highest level in a year last week

MSN

www.msn.com

And this is Biden's fault?

 

[sealybobo]

2nd month in a row
and
21 out of the last 24 months
Storm clouds are gathering for recession

Manufacturing PMI® at 46.8%; July 2024 Manufacturing ISM® Report On Business®

Economic activity in the manufacturing sector contracted in July for the fourth consecutive month and the 20th time in the last 21 months, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

finance.yahoo.com

As jobless claims hit highest level in a year, labor market remains healthy​

The number of Americans filing for unemployment benefits jumped to its highest level in a year last week

MSN

www.msn.com

Despite the slump, broader economic indicators suggest some stability: the Federal Reserve noted a bounce back in factory production in Q2 2024, and the Commerce Department highlighted increased goods spending, boosted by motor vehicle sales. However, manufacturers are still facing higher input costs and slower supplier deliveries, reflecting ongoing challenges in the sector.

Additionally, rising freight rates contributing to higher input costs and slower supplier deliveries add further strain. How this sector adapts – managing costs while addressing employment challenges – will be crucial for its future trajectory, influencing broader economic strategies and policies.

 

[theHawk]

And this is Biden's fault?

Of course not, it’s President Trump’s fault, right?

 

[Harpy Eagle]

2nd month in a row
and
21 out of the last 24 months
Storm clouds are gathering for recession

Manufacturing PMI® at 46.8%; July 2024 Manufacturing ISM® Report On Business®

Economic activity in the manufacturing sector contracted in July for the fourth consecutive month and the 20th time in the last 21 months, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

finance.yahoo.com

As jobless claims hit highest level in a year, labor market remains healthy​

The number of Americans filing for unemployment benefits jumped to its highest level in a year last week

MSN

www.msn.com

It is almost like those high interest rates are doing what they were intended to do

 

[JGalt]

It is almost like those high interest rates are doing what they were intended to do

The interest rates are making the price of gasoline higher?

 

[Harpy Eagle]

The interest rates are making the price of gasoline higher?

according to AAA they are down from a month ago.

you must be getting ripped off again. I paid less than 3 bucks a gallon yesterday.

 

[JGalt]

according to AAA they are down from a month ago.

you must be getting ripped off again. I paid less than 3 bucks a gallon yesterday.

Maybe you'd better stay in the US then. It's almost $4.00 per gallon in Banana Boat Land.

Panama gasoline prices, 29-Jul-2024 | GlobalPetrolPrices.com

 

[1srelluc]

according to AAA they are down from a month ago.

you must be getting ripped off again. I paid less than 3 bucks a gallon yesterday.

It continues to be weird in my AO.....It's been jumping between $3.23 and $3.59 for months now.

One day it went up .20 cents a gallon and was back down by .23 cents a couple of days later.

I'm hearing that the corporate stations are going to real-time pricing so maybe that's what it is.

 

[Harpy Eagle]

Maybe you'd better stay in the US then. It's almost $4.00 per gallon in Banana Boat Land.

Panama gasoline prices, 29-Jul-2024 | GlobalPetrolPrices.com

I can afford it either way, but there I will not be driving as much. Hell may not even own a car our first year.

What else do you have?

 

[JGalt]

I can afford it either way, but there I will not be driving as much. Hell may not even own a car our first year.

What else do you have?

In addition to the wife's car? A truck, lawn mower, weed eater, chain saw, and garden tiller.

Don't worry, I'll burn a couple hundred extra gallons of gas in your honor, while you're beating your feet on the pavement with all the little brown people.

 

[Harpy Eagle]

In addition to the wife's car? A truck, lawn mower, weed eater, chain saw, and garden tiller.

Don't worry, I'll burn a couple hundred extra gallons of gas in your honor, while you're beating your feet on the pavement with all the little brown people.

We plan to live in Panama City our first year as we get the lay of the land. No reason to own a care while living there, sort of like how one is not needed in NY City.

No trucks, lawn mowers, weed eaters, chain saws, or garden tillers. I do not own any of those things, if I need work done, I hire someone to do it.

 

[JGalt]

We plan to live in Panama City our first year as we get the lay of the land. No reason to own a care while living there, sort of like how one is not needed in NY City.

No trucks, lawn mowers, weed eaters, chain saws, or garden tillers. I do not own any of those things, if I need work done, I hire someone to do it.

That's probably for the better. Tools are bitey and you might get an ouchie.

 

[sealybobo]

Of course not, it’s President Trump’s fault, right?

Do you give Biden credit for all the good? I asked someone else on another thread if they were a maker or taker. Which are you?

From 2019 to 2022, the median net worth of American families jumped 37% to $192,900, after adjusting for inflation. It’s the largest increase ever recorded by the federal Survey of Consumer Finances, released last fall. Surging home values and rising stock ownership fed the surge.