Afternoon Note
Manufacturing Roaring
By Charles Payne, CEO & Principal Analyst
9/1/2017 1:30 PM
The highlight of this morning’s jobs report was manufacturing jobs, and the ISM report released shortly thereafter underscored that this strength is probably going to continue. The 58.8 read is well above Wall Street’s consensus of 56.8, and the highest level since April 2011.
Highlights of the report:
- Employment 59.9 +4.7 (13 of 18 industries reported increased employment)
- Backlog Orders 57.5 +2.5
Key Observations:
- Chemical: “Steady”
- Machinery: “Strong”
- Furniture: “Strong”
- Transportation Equipment: “Strong”
Wishing everyone a happy and safe Labor Day weekend.
| Comments |
| Since working as a first-line supervisor, writing procedure manuals and training over 160 non-exempt employees, for Texas Instruments in Atteboro, MA, I can hardly get excited about a manufacturing rebound! My 1st job out of college, in what has been a "dead" sector, seemingly cannot ever be revived. If you hear about any jobs, please contact me immediately. Kevin Kevin O. Grier on 9/7/2017 12:25:59 PM |
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