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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.
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.