Tag Archives: ISM Manufacturing Index

Manufacturing slows as Trade Wars Quicken

Popular Economics Weekly Trade wars are not really winnable anymore—at least the way President Trump wants to conduct them—or any wars for that matter. This is because we no longer live in a win-lose world where the strong are able … Continue reading

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May Employment Not looking So Good

Popular Economics Weekly MarketWatch Total nonfarm payroll employment edged up in May (+75,000), and the unemployment rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services and … Continue reading

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What Will Friday’s Unemployment Report Look Like?

Financial FAQs Econoday It may look better than the Associated Data Processing private payrolls report that precedes the BLS report, as have prior months’.  Private-sector employers hired just 27,000 people in May, a 7-year low, payroll processor ADP said Wednesday. … Continue reading

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Can US Service Sector Boom Reduce Our Deficits?

Popular Economics Weekly Econoday.com All 18 non-manufacturing industries reported growth in February, according to the ISM’s non-manufacturing index, which gives a monthly overview of service sector activity. This is huge and says the service sector that makes up two-thirds of … Continue reading

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Can U.S. Economy Weather Trade Wars?

Financial FAQs Econoday.com Why is manufacturing doing so well in the face of rising tariffs—in January when mid-winter business activity tends to slow? Consumers flush with cash from rising wages and full employment are powering higher domestic demand. Exports, on … Continue reading

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A Poor Employment Report?

Popular Economics Weekly What does it mean when 33,000 nonfarm payroll jobs were lost in September? Not much, when many of the losses came from the hurricanes that threw 1.5 million out of work, according to Marketwatch’s Jeff Bartash, and … Continue reading

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Cheaper Dollar Will Help Job Growth

Popular Economics Weekly The U.S. Dollar is falling due to a number of factors. And this will boost the export of manufactured goods, as our goods will now be cheaper overseas. It will hurt imports, which become more expensive (even … Continue reading

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Minimum Wage Raises Should Boost Employment, Spending

Financial FAQs Minimum wages are about to rise in several cities, and eventually states. San Francisco and Los Angeles minimums rose last weekend to $14 and $12 per hour, respectively, and ultimately to $15 per hour by 2021. But Seattle, … Continue reading

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A Half-Full Jobs Report

Financial FAQs Nonfarm payrolls rose a lower-than-expected 151,000 in August with revisions to July and June at a net minus 1,000, reported the Bureau of Labor Statistics. I would call this a half-full employment report in an economy that is … Continue reading

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Why Slower Fourth Quarter Growth?

Popular Economics Weekly Gross domestic product — the value of everything a nation produces — expanded at a 0.7 percent annual rate from October to December. That’s a big markdown from 2 percent growth in the fall and 3.9 percent … Continue reading

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