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American manufacturers growing at fastest pace in 14 years, ISM finds

Common Sense 1

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Good manufacturing jobs! Decent pay and benefits.


American manufacturers growing at fastest pace in 14 years, ISM finds

https://www.marketwatch.com/story/american-manufacturers-growing-at-fastest-pace-in-14-years-ism-finds-2018-09-04

The numbers: American manufacturers are on a roll: Business conditions surged in August to a 14-year high, according to a a survey of industry executives.

The Institute for Supply Management said its manufacturing index jumped to a 14-year high of 61.3% last month from 58.1% in July. Economists surveyed by MarketWatch had forecast the index to total 57.9%.

Readings over 50% indicate more companies are expanding instead of shrinking.
 
That’s what happens when you have a leader who actually understands economics.
 
Poor, poor Obama.


Wonder if he's ever pulled his head out of his ass or if it's permanently stuck?



Obama to Trump: 'What magic wand do you have?' | TheHill
 
dobieg said:
Poor, poor Obama.


Wonder if he's ever pulled his head out of his ass or if it's permanently stuck?




Obama to Trump: 'What magic wand do you have?' | TheHill
Click to expand...
Apparently, you know of a deal has Trump directly negotiated which has changed our relationship with another country. Please post the text of this deal and kindly direct me to the effects it is meant to have on state economies.

I'd love to read the intricacies of these deals.

Sent from Trump Plaza's basement using Putin's MacBook.
 


All this is thanks to "a ‘nervous breakdown’ of Trump’s presidency". :lol:

I'm hoping for a lot more "nervous breakdowns" ... :lamo


MAGA!
 

About 88% of Manufacturing jobs were lost to automation not outsourcing. The real job killer are all those robots in the factories. Any new manufacturing jobs we get under Trump will eventually be lost to a machine. At the same time we face a massive skills gap with many science, engineering, computer, and medical jobs unfilled. These are the jobs of the future Trump should be targeting, not some terrible factory jobs.
https://www.cbsnews.com/news/mexico-stealing-factory-jobs-blame-automation-instead/
 


Well you go tell millions of Americans their jobs are obsolete and we should just give up instead of fighting for them and we'll see how you do in Michigan, Wisconsin and Pa the next go around.
 


If 88% of US manufacturing jobs were lost to automation, how come manufacturing jobs are still going strong in Mexico and Germany?!?
 

14 year high, you say? Wonder what happened 14 years ago when it all started going wrong? Oh yeah, that's right! We re-elected George Bush. And the rest, as they say, was economic history. And it's looking more and more that we may be resigned to repeating it.

http://thehill.com/opinion/white-house/404629-trump-is-failing-to-bring-back-american-jobs

"Trump is failing to bring back American jobs"
 
Barnacle said:
If 88% of US manufacturing jobs were lost to automation, how come manufacturing jobs are still going strong in Mexico and Germany?!?
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Germany has seen a decline in manufacturing just like the US. Mexico is only seeing an increase because labor is ridiculously cheap and there is less demand to automate it, and expensive jobs from other countries are moving to it. There is just no reason to pay high wages in manufacturing when global competitors can use cheap labor and machines to get far more competitive prices.
 
dobieg said:
Well you go tell millions of Americans their jobs are obsolete and we should just give up instead of fighting for them and we'll see how you do in Michigan, Wisconsin and Pa the next go around.
Click to expand...

What about we first save the jobs of the buggy makers, boat rowers, clothes weavers, and cotton pickers? When technology moves on there is no point fighting for obsolete jobs.
 

So you are not happy that manufacturer jobs are coming back now? People in factory's make cars, tens of thousands work there, support their family with that income. That is a very good thing!
 
Common Sense 1 said:
So you are not happy that manufacturer jobs are coming back now? People in factory's make cars, tens of thousands work there, support their family with that income. That is a very good thing!
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Every new job we create in a factory will soon be outsourced or replaced with a machine. Every job we create that puts food on the table is one that is eventually going to get a pink slip. Its more merciful to give these people in these dying industries a life line out of there by training them to have marketable skills. Instead Trump wants to lead more people into the black hole of manufacturing. When products can be made cheaper with cheap labor and machines there is no way that high paying manufacturing jobs will survive in the long term.
 

So what they are not outsourced now. They provide excellent paying jobs that support many family's. Your dislike of President Trump is clouding your thinking.
They are jobs that have come back and it's a very great thing for many people who needed what they can supply.
 

We shouldn't be raising prices and reducing the value of middle class paychecks with doomed tariffs for jobs that will soon be gone. The average manufacturing job only pays about $34,000 which is almost poverty level. In software development and engineering wages range from $65,000 to $130,000. Nursing and doctor jobs are also in high demand.
 
According to advocacy group Reshoring Initiative, the number of jobs being reshored by U.S. companies has increased more than tenfold since 2010.

Here is a small list:

1. Apple

Total jobs reshored: 22,200
States benefiting: Texas, TBD
Industry: Computers, office equipment
Headquarters: Cupertino, California

2. General Motors

Total jobs reshored: 12,988
States benefiting: Michigan, New York, Tennessee, Texas
Industry: Motor vehicles & parts
Headquarters: Detroit, Michigan

3. Boeing

Total jobs reshored: 7,725
States benefiting: Missouri, Montana, South Carolina
Industry: Aerospace & defense
Headquarters: Chicago, Illinois

4. Ford

Total jobs reshored: 4,200
States benefiting: Indiana, Illinois, Ohio, Michigan, New York
Industry: Motor vehicles & parts
Headquarters: Dearborn, Michigan

5. Intel

Total jobs reshored: 4,000
States benefiting: Arizona, California, Oregon
Industry: Semiconductors & other electronic components
Headquarters: Santa Clara, California

6. Dow Chemical

Total jobs reshored: 2,900
States benefiting: Louisiana, Michigan, Texas
Industry: Chemicals
Headquarters: Midland, Michigan

7. General Electric

Total jobs reshored: 2,656
States benefiting: Alabama, Arkansas, Illinois, Kentucky, North Carolina, New York, Ohio
Industry: Industrial machinery
Headquarters: Boston, Massachusetts

8. Whirlpool

Total jobs reshored: 2,165
States benefiting: Ohio
Industry: Electronics, electrical equipment
Headquarters: Benton Harbor, Michigan

9. Caterpillar

Total jobs reshored: 2,100
States benefiting: Georgia, Illinois, Indiana, Texas
Industry: Construction & farm machinery
Headquarters: Peoria, Illinois

10. Polaris Industries

Total jobs reshored: 2,000
States benefiting: Alabama
Industry: Transportation equipment
Headquarters: Deerfield, Illinois

11. SolarCity

Total jobs reshored: 1,900
States benefiting: New York
Industry: Energy production & storage
Headquarters: San Mateo, California

12. Merck & Co.

Total jobs reshored: 1,633
States benefiting: New Jersey, TBD
Industry: Pharmaceuticals
Headquarters: Kenilworth, New Jersey

13. Amgen

Total jobs reshored: 1,600
States benefiting: Rhode Island, TBD
Industry: Pharmaceuticals
Headquarters: Thousand Oaks, California

14. Gentex

Total jobs reshored: 1,600
States benefiting: Michigan
Industry: Motor vehicle parts
Headquarters: Zeeland, Michigan

15. Element Electronics

Total jobs reshored: 1,500
States benefiting: Michigan, South Carolina
Industry: Consumer electronics
Headquarters: Winnsboro, South Carolina

16. Insulet Corp.

Total jobs reshored: 1,500
States benefiting: Massachusetts
Industry: Biotechnology
Headquarters: Billerica, Massachusetts
 

It's just a shame that you won't admit that the jobs coming back are a great victory for many workers. You are just spinning total and complete nonsense!!
 
distraff said:
What about we first save the jobs of the buggy makers, boat rowers, clothes weavers, and cotton pickers? When technology moves on there is no point fighting for obsolete jobs.
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Again, play that smug crap with the voters next election and see where that gets you.


What happened to you Democrats? You use to be for the working man. Now you tell them to suck it up and retrain while their jobs go overseas.
 

I did not know you posted here in addition to the politicalforum.

Given the auto is the modern version of the phone booth, change is natural. I also believe robots are the future.; But recall when companies made Buggy whips and when have you purchased one? Point is that things change. My grandson is a Senior in college but this past Summer he has worked for Facebook and has made an income that if annualized, he makes $115,000 per year and that is good for a 20 year old guy still in college. I expect the reason why Facebook paid him so much was to induce him to take a job once he graduates college.
 

Not everyone can/wants to be in software engineering, nor do they want to all be a doctor or in nursing. College is not for everyone.
 
itsforthekids said:
That’s what happens when you have a leader who actually understands economics.
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!? What does Trump have to do with this? This has been the upward tick since the economy nose dived in 2008-09. Here is the chart from the link, which was placed in the OP, in which you responded to in order to give Orange Leader the glory.




Do you see the downward trend that started four years prior to the Great Recession? And do you see how expansion went up and down for years after the nose dive? This is because the U.S. economy is a part of a global economy; and the global economy took much longer to recover from the Global Recession. Markets within the EU were wrecked because of individual countries were less prepared to handle the wreckage, and the EU economy was dealing with Asian markets that were slow to recover. This means that the U.S. economy was fighting all of this. It is also natural to see expansion rise and fall over time due to multiple issues. We have every reason to believe that a fall is coming.

As for a leader who understands economics, he is the proud owner of multiple bankruptcies. He then approached U.S. debt and the deficit by significantly cutting government revenue and significantly increasing government spending. We just added a trillion to the deficit in July. We just gave farmers $12 billion in aid. Such behavior leads to bankruptcies in businesses. But like Trump's bankruptcies, he'll just move on because his one saving success in his life was that he commercialized his name. Though, people are wanting even that off their buildings now, aren't they?

If we are lucky, Trump's unnecessary seeds to exacerbate the next recession, by making the rich richer at everybody else's expense, won't be too devastating and won't obliterate the upward tick that he inherited.
 
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With the correction over, barry inherited an already bottomed out economy. He was the first potus in American history to never achieve 3% growth in a calendar year. Interest rates were at zero...he threw $800 BILLION DOLLARS at public sector union pensions, $50 BILLION DOLLARS at GM, and printed many more TRILLIONS of dollars to prop up the economy. He was a sham. A fake. An empty suit.


Give me Trump's economy any day!
 

itsforthekids said:
That’s what happens when you have a leader who actually understands economics.
Click to expand...

dobieg said:
Poor, poor Obama.


Wonder if he's ever pulled his head out of his ass or if it's permanently stuck?




Obama to Trump: 'What magic wand do you have?' | TheHill
Click to expand...

I hate to rain on your giddy-party, but the OP left out some very important information of the rosy numbers.

U.S. manufacturers are putting the pedal to the metal - except, that is, for suppliers of metals hurt by recent tariffs.
Click to expand...


That means this little sugar rush is temporary and may be the crash is worse if tariffs begin to cut into profits.

...it an experiment we are all watching for the outcome. Q3 numbers are out soon.
 
itsforthekids said:
With the correction over, barry inherited an already bottomed out economy. He was the first potus in American history to never achieve 3% growth in a calendar year.
Click to expand...

First, the "correction" was not over and obviously lasted years. Mechanisms that were not introduced in 1929-30, which led to the Great Depression, were introduced in 2008-09 to prevent another depression. Recovery was an endurance game.

Second, since the U.S. didn't start measuring annual growth until the beginning of the Great Depression; and quarterly growth wasn't measured until 1947, the oft repeated error that Obama was the first in history is ignorant.

Third, and as for the actual growth numbers:

2010 - 2.5%
2013 - 2.6%
2014 - 2.7%
2015 - 2.0%

2017 - 2.4%

The first are the best years of growth under the Obama Administration. Trump's first full year in 2017? It was lower than 2010, 2013, and 2014. And as of this June, 2018 is now sitting at 2.89%.

And Obama's average for his presidency is higher than Trump's 2017 year. So this idea that anything below 3.0% is failure, especially while pulling away from the worst global economic crisis since the Great Depression, is absurd. In denigrating Obama, you also denigrate your Orange beloved. After all, Trump's 2017 was further removed from the disaster than any of Obama's years, right? Certainly it should have been higher than all years that came before it, right?

itsforthekids said:
Give me Trump's economy any day!
Click to expand...

People said that during Reagan's era when he cut taxes, before Bush had to raise taxes to deal with mounting debt and the oncoming recession.

People said that during the Bush era when he cut taxes as debt rose and as growth went on the decline, before Obama had to deal with the recession.

And now, people are celebrating Trump's tax cuts, his deregulation of banks, and rising debt, with economists already marking the next recession.

Perhaps the problem is that people seem to want to measure the economy in terms of nowism and who is sitting in the White House at any given moment.
 
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It's called deregulation, something Trump has total power over. It's called a corporate tax cut that allows off shore corporate capital to be invested in the United States. Now name the last business Obama ran, and how successful it was. I know you can't, so I won't hold my breath. That was rhetorical in case it escaped you.
 
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