U.S. manufacturing activity slumps to lowest level since 2012

Cruze

Active member
Serious question: Does the Trumpster's false statements about gdp and job increases, manufacturing growth, and eliminating budget deficits count as four lies or just one lie?

U.S. manufacturing contracts further, tempers economic growth hopes

U.S. factory activity contracted for a fourth straight month in November as new orders slumped back to around their lowest level since 2012, while construction spending fell in October, tempering optimism over the economy that had been fanned by a recent run of upbeat reports.

The data on Monday led the Federal Reserve Bank of Atlanta to slash its gross domestic product estimate for the fourth quarter.

“There is nothing to point to in this report that signals a bottom in domestic manufacturing and the decline in new orders if anything suggests downside risk,” said Andrew Hollenhorst, an economist at Citigroup in New York.

The downturn in manufacturing in the United States bucked trends in the euro zone and China, where factory activity appeared to stabilize in November.

“We expect trade policy uncertainty to continue weighing on manufacturing activity into the new year. Slower external and domestic demand will also constrain manufacturing moving forward,” said Oren Klachkin, lead economist at Oxford Economics in New York.





The ISM said “global trade remains the most significant cross-industry issue.” It said only five industries, including paper and computer and electronic products reported growth last month. Transportation equipment, machinery, and electrical equipment, appliances and components were among the 13 industries reporting a contraction.

Wood products manufacturers complained “profits are elusive,” noting that “markets have downshifted further,” and that “the continued confusion surrounding China trade has kept export markets on edge.” Petroleum and coal products manufacturers said the “slowdown in business has us revising our 2020-21 capital spend.”



Forbes: Trump Is Falling Almost 1 Million Jobs Short Vs. Obama
Trump entered office on January 20, 2017, and starting with February 2017 he has been President for 29 months. Total job growth during that time has been 5.613 million or 194,000 per month with those results being helped by the tax cut.

Working back from January 2017, Obama’s last month in office, there had been 6.423 million jobs added or 221,000 per month. The difference for the 29 months is 810,000 more jobs or 27,000 more per month than Trump.

 

KillerGopherFan

Active member
Did you read the title of the thread, though?
Are people only allowed to work in manufacturing if that’s their history? Manufacturing is about 11-12% of the total economy. The current unemployment number is considered ‘full employment’.

But maybe if Pelosi would let the House pass the USMCA, manufacturing would go up since Mexico and Canada are our #1 and #2 trading partners. Wages would probably go up to since finding employees is difficult.
 

justthefacts

Active member
Are people only allowed to work in manufacturing if that’s their history? Manufacturing is about 11-12% of the total economy. The current unemployment number is considered ‘full employment’.

But maybe if Pelosi would let the House pass the USMCA, manufacturing would go up since Mexico and Canada are our #1 and #2 trading partners. Wages would probably go up to since finding employees is difficult.
The problem is that Conservatives and Trump have spent 8 years talking about how bad the manufacturing economy was under Obama and how Trump was going to bring it back. We haven't heard the end of them taking the "those jobs aren't coming back" line out of context. Suddenly none of that matters.

Can you point to an independent study of the USMCA that says it will have some sort of serious economic effect relative to NAFTA.





 

howeda7

Well-known member
Are people only allowed to work in manufacturing if that’s their history? Manufacturing is about 11-12% of the total economy. The current unemployment number is considered ‘full employment’.

But maybe if Pelosi would let the House pass the USMCA, manufacturing would go up since Mexico and Canada are our #1 and #2 trading partners. Wages would probably go up to since finding employees is difficult.
Trump was going to rebuild the shuttered factories all around the "smoking wreckage" that darn Obama left throughout the Rust Belt. That's why he won. I guess he lied. Oh well. MAGA! Praise him.
 

KillerGopherFan

Active member
There’s a difference between policies that are unconcerned about losing jobs to foreign countries and policies that manage to slow that exodus, like trade imbalances.

The voters will decide if Trump has kept his promises. Not you two.
 

cncmin

Well-known member
There’s a difference between policies that are unconcerned about losing jobs to foreign countries and policies that manage to slow that exodus, like trade imbalances.

The voters will decide if Trump has kept his promises. Not you two.
Every post you make anymore is just vapid and vacant nonsense. When are you going to snap to your senses, or do you have none left anymore?
 

justthefacts

Active member
There’s a difference between policies that are unconcerned about losing jobs to foreign countries and policies that manage to slow that exodus, like trade imbalances.

The voters will decide if Trump has kept his promises. Not you two.
So we're done with the notion that the USMCA will provide some major economic boost? That's good.
 

KillerGopherFan

Active member
You know you've lost your way when you think Trump is a conservative.
I’ve never said Trump is a conservative. In fact, I’ve posted many times that I don’t believe he is a conservative, or maybe even a Republican, but advances a good deal of a conservative agenda b/c that’s where his political support comes from.
 

justthefacts

Active member
I’m sure there are lots of inventions that Dems can come up with that you’ll “lap up”, as howie says.

You asked why the Dems haven't passed it and I told you. If you think cheaper drugs for Americans isn't a worthwhile cause, that's a different issue. The simple fact is that Lighthizer has been going back and forth between House Dems and the other countries for a while now, which is a far cry from simply ignoring USMCA like McConnell has done with a large number of bills. And all this despite the fact that the USMCA isn't all that great.




If Trump and his fans were really "America first" as opposed to "Trump first", they'd welcome the additional leverage that House Democrats provide as a way to extract more concessions from Mexico.
 

howeda7

Well-known member
I’ve never said Trump is a conservative. In fact, I’ve posted many times that I don’t believe he is a conservative, or maybe even a Republican, but advances a good deal of a conservative agenda b/c that’s where his political support comes from.
Why do you defend him to the death then? Pence is a "real" conservative.
 

bga1

Well-known member
It’s really hard to increase jobs WHEN EVERYBODY THAT WANTS A JOB IS ALREADY EMPLOYED.

Just saying.
Cruze is an idiot (this is not news). A golfer who used to shoot 120 now shoots 110. He improved by 10 strokes just by showing up, because he was so hideous at the game before. Another player who used to average 82 now averages shooting 75. Who is the better golfer? Who has made the more notable and difficult improvement? There is no doubt that Trump has by far exceeded Obama the hacker's achievements. The economy would have recovered better had Obama done nothing at all.
 

KillerGopherFan

Active member
I find it interesting that you believe the current health of your business has nothing to do with decisions you made 3-11 years ago.
Is it not also possible that the Obama economy improved b/c of what the Republicans Majority prevented Obama and the Dems from doing? And had Obama had a majority, that his policies may have stunted our economy’s growth?
 

GopherJake

Active member
Is it not also possible that the Obama economy improved b/c of what the Republicans Majority prevented Obama and the Dems from doing? And had Obama had a majority, that his policies may have stunted our economy’s growth?
Weak hypothetical. Obama's recovery led directly to where we are right now. Trump owns the last 2 years - yes 2. He was presented a pretty solid base to operate from. It's not going to kill you to admit that.
 

KillerGopherFan

Active member
Weak hypothetical. Obama's recovery led directly to where we are right now. Trump owns the last 2 years - yes 2. He was presented a pretty solid base to operate from. It's not going to kill you to admit that.
What I’ll admit is that almost any Republican president could boost the economy after Obama’s over-regulating policies and onerous progressive taxation were tapered.
 

bga1

Well-known member
Weak hypothetical. Obama's recovery led directly to where we are right now. Trump owns the last 2 years - yes 2. He was presented a pretty solid base to operate from. It's not going to kill you to admit that.
Obama stunk. Admit it and you will be on the long road back to sanity.
 

GoodasGold

Active member
Cruze is an idiot (this is not news). A golfer who used to shoot 120 now shoots 110. He improved by 10 strokes just by showing up, because he was so hideous at the game before. Another player who used to average 82 now averages shooting 75. Who is the better golfer? Who has made the more notable and difficult improvement? There is no doubt that Trump has by far exceeded Obama the hacker's achievements. The economy would have recovered better had Obama done nothing at all.
One of them cheats.
 

GopherJake

Active member
What I’ll admit is that almost any Republican president could boost the economy after Obama’s over-regulating policies and onerous progressive taxation were tapered.
Obama stunk. Admit it and you will be on the long road back to sanity.
You guys enjoying your two man circle jerk? In the words of Section2, your contributions here are pretty boring. How about some actual analysis rather than regurgitated propaganda? It's just so stupid.
 

howeda7

Well-known member
Is it not also possible that the Obama economy improved b/c of what the Republicans Majority prevented Obama and the Dems from doing? And had Obama had a majority, that his policies may have stunted our economy’s growth?
I guess Nancy gets the credit for this year's stock market growth then? Thanks Nancy!
 
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