"US manufacturing grows at fastest pace in 3½ years" AP September 03, 2014
WASHINGTON — US manufacturing grew in August at the strongest pace in more than three years as factories cranked out more goods and new orders rose.
Tuesday’s ISM report coincides with other signs that manufacturing is helping drive the US economy’s improvement. Factories are benefiting from strong demand for aircraft, furniture, and steel and other metals. The boost from manufacturing has helped offset slower homebuilding, a slowdown in consumer purchases, and weaker spending on utilities and other services.
‘‘The US economy is on a notably firmer growth track this summer, even if consumers are riding in the caboose,’’ Sal Guatieri, an economist at BMO Capital Markets, wrote in a research note....
All the money is in the front 5% of the train.
All the money is in the front 5% of the train.
--more--"
Related:
"The figures add to a mixed picture for consumers in recent weeks. A healthy increase in credit usually indicates that consumers are shedding some caution about spending, which would boost economic growth. Rising debt loads are generally a sign of greater confidence in the economy. But other data have not been as positive."
"The figures add to a mixed picture for consumers in recent weeks. A healthy increase in credit usually indicates that consumers are shedding some caution about spending, which would boost economic growth. Rising debt loads are generally a sign of greater confidence in the economy. But other data have not been as positive."
At least the Federal Reserve takes care of their ladies.
"Business leaders downbeat on workers’ prospects" by Jack Newsham and Chris Reidy | Globe Correspondent and Globe Staff September 09, 2014
Despite an improving economy and record corporate profits, business leaders are skeptical about their ability to compete abroad and downright pessimistic about the prospect of increasing pay or improving living conditions for American workers, according to a new report from Harvard Business School.
I'm really tired of money junkies and their whining.
The airlines are also making record profits even as they are having trouble finding enough pilots to work for the lower salaries they offer.
At least flight times have improved, according to the government.
I'm really tired of money junkies and their whining.
The airlines are also making record profits even as they are having trouble finding enough pilots to work for the lower salaries they offer.
At least flight times have improved, according to the government.
Co-authored by high-profile Harvard professor Michael Porter, the report also identified a “troubling divergence” in the economy, in which most businesses are thriving, as are highly skilled workers, yet middle-class and working-class employees are struggling.
Porter and his team urged business leaders to become more involved in efforts to improve living standards for more workers, such as additional training and education, out of self-interest: a stronger workforce will make their companies more competitive in the global economy.
We have been hearing this same shit for decades as cheap labor immigrants are flooding the country and jobs are being cut all over the place.
“What we’re trying to do is highlight the fact that true competitive success in any economy and true prosperity means that both businesses and the average worker benefit and gain,” Porter said in an interview.
We have been hearing this same shit for decades as cheap labor immigrants are flooding the country and jobs are being cut all over the place.
“What we’re trying to do is highlight the fact that true competitive success in any economy and true prosperity means that both businesses and the average worker benefit and gain,” Porter said in an interview.
“I think business doesn’t want to be seen as the enemy. They don’t want to be seen as the greedy guy that profits at the expense of everyone else,” Porter added. “This is a nuanced issue and we have to talk about it in a nuanced way.”
Well, too late!
Well, too late!
The report, titled “An Economy Doing Half Its Job,” was issued by Porter and co-author Jan Rivkin, also a professor at Harvard Business School, as part of the school’s US Competitiveness Project. Their findings were based on a survey in which nearly 2,000 HBS alumni were asked about conditions at their own businesses and their outlook for US companies to compete in a global economy.
Porter’s and Rivkin’s observations are hardly ground-breaking; many economists and policy makers have been raising concerns about stagnant incomes among workers and calling on federal and state governments to improve public education and job training as a way to raise living standards.
Meaning it isn't really news, it's public relations garbage from the ruling cla$$.
Meaning it isn't really news, it's public relations garbage from the ruling cla$$.
But the Harvard professors have a unique and powerful constituency for their message: graduates of one of the world’s most prestigious business schools, many of whom hold powerful positions in industry. Indeed, some 40 percent of respondents to the HBS survey were bosses at their companies — chief executives, managing directors, founders.
Great, they interviewed the very people responsible for the problem.
Great, they interviewed the very people responsible for the problem.
Their answers to the business school survey were not comforting: Only 27 percent of all HBS respondents thought American workers would be earning higher wages three years from now; forty-one percent thought workers would be making less.
Continuing the trend they are wringing their money-stuffed fists over.
Continuing the trend they are wringing their money-stuffed fists over.
The Harvard alumni were somewhat more bullish on how companies would fare in the near future: 31 percent were optimistic that US companies would be more competitive, while only 26 percent thought businesses would have more trouble competing with those based in other countries.
“Our alumni are optimistic about the prospects of firms and not nearly so optimistic about the prospect of higher wages and benefits. That’s not sustainable,” said Rivkin. “Unless workers are doing well, businesses won’t prosper.”
But working conditions for many Americans have not been improving for some time. Since the 1970s, government data show productivity among workers has risen while wages have only kept pace with inflation.
Last week, the Federal Reserve’s Survey on Consumer Finances revealed that on average income of US families has risen four percent in the past three years. But most of that increase has been concentrated among the highest earners. Meantime, the income of a typical family has dropped 5 percent, to $46,700, from $49,000 in that period.
That's not a recovery!
That's not a recovery!
While workers with college educations and technical skills have seen their incomes rise because their talents have been in high demand, low-skill jobs in fields such as nursing home care have proliferated since the end of the recession. Because workers in those low-skill jobs tend to earn small paychecks, companies that want to do business in the United States are deterred by the prospect of a weaker consumer base.
Are you tired of this lame-a$$ excuses like me?
Are you tired of this lame-a$$ excuses like me?
But Porter said the solution should not simply be to raise workers’ wages, because it is still cheaper to make products in other countries. The productivity of American workers has increased over the past several decades, but other countries have made even more progress, Porter said.
“Our problem is not that historically we’re awful” in terms of productivity, Porter said. “It’s that we’re not improving while other nations are improving.”
What bull$hit.
What bull$hit.
Investing in job training and education would help US workers reassert their productivity advantage, which he believes could lead to higher wages.
The same old tired solutions that have not worked.
The same old tired solutions that have not worked.
Porter and Rivkin also identified an “unusual” condition in which the outcomes for businesses and workers have not moved in lockstep with the economy. Typically, in previous economic periods, companies and workers either thrived together or suffered together.
This stuff becomes offensive after a while when you realize the economy is designed to send loot up.
This stuff becomes offensive after a while when you realize the economy is designed to send loot up.
The Harvard findings show a divergence not only among workers with different skill levels, but also between companies — larger businesses, for example, are typically doing better than small ones.
How many times have I said corporate governance?
How many times have I said corporate governance?
The survey found that executives at large businesses were generally happier with the economy than those at small businesses.
Record profits will do that.
Respondents from companies with fewer than 10 employees said the United States performed poorly on 17 of 18 measures, ranging from primary and secondary education to its ability to hire and fire employees.
Record profits will do that.
Respondents from companies with fewer than 10 employees said the United States performed poorly on 17 of 18 measures, ranging from primary and secondary education to its ability to hire and fire employees.
As a whole, respondents said, government gridlock was the biggest stumbling block to international competitiveness.
PFFFFFFT!
They ain't gridlocked when it comes to checks for Israel, Wall Street, and the war machine!
Most respondents said the US tax code and political system were bad and getting worse compared to those in other advanced economies.
PFFFFFFT!
They ain't gridlocked when it comes to checks for Israel, Wall Street, and the war machine!
Most respondents said the US tax code and political system were bad and getting worse compared to those in other advanced economies.
The United States’ future competitiveness could be improved by upgrading education and the developing workplace skills, the report said, as well as refurbishing the transportation infrastructure.
We have heard all this for years! It's nothing more than a throwaway line while the $tatu$ quo continues.
We have heard all this for years! It's nothing more than a throwaway line while the $tatu$ quo continues.
Deborah Wince-Smith, the president of a pro-competitiveness coalition of academic and industry figures founded by Porter, said the report’s recommendations had widespread support in corporate America, and lawmakers have long been urged to take them up.
And what is good for corporate AmeriKa is good for everyone.
And what is good for corporate AmeriKa is good for everyone.
She said that several companies have had success partnering with community colleges and public universities to train students and pound a path to employment, but added that businesses lacked a common template for such partnerships.
So much for higher learning. AmeriKan ejewkhazion is nothing but an obedience training mill.
So much for higher learning. AmeriKan ejewkhazion is nothing but an obedience training mill.
“We’re not replicating these things on a state or national basis,” she said. “They’re very splintered.”
"US job openings stay near 13-year high; hiring up" by Christopher S. Rugaber | Associated Press September 10, 2014
WASHINGTON — The job market is slowly healing [and] the tally of available jobs ticked down [as] total hiring jumped to the highest level since December 2007, when the Great Recession began. That indicates companies are more likely to fill their open jobs. Still, [it] is below the pre recession average.
Do you pre$$titutes for money and power ever get tired of furiously shoveling $hit?
****************
The figures suggest the job market is still making progress, despite last week’s mildly disappointing employment report. That report showed that employers added a net total of 142,000 jobs in August, the fewest since December. The unemployment rate fell to 6.1 percent from 6.2 percent, but only because some of those out of work gave up looking. The government doesn’t count people as unemployed unless they are actively searching.
Meaning their numbers are total dog $hit.
Research by economists at JPMorgan Chase has shown that a rise in openings is typically followed 1 to 2 months later by greater net job gains.
And who could ever doubt JPMorgan Chase?
‘‘With the number of jobs available still near a 13-year high, the slowdown in net hiring exhibited in the August payrolls report is likely to be short-lived,’’ John Silvia, an economist at Wells Fargo, said in a research note.
Job openings fell in manufacturing and construction, while they rose in retail and hotels and restaurants.
Tuesday’s figures come from the Job Openings and Labor Turnover survey, or JOLTS, which provides a more detailed look at the job market than the employment report. It reports figures for overall hiring, as well as the number of quits and layoffs. The monthly jobs figures are a net total of job gains or losses.
Now I'm enraged.
Federal Reserve chairwoman Janet Yellen is closely following the JOLTS data as she considers when the Fed should begin raising interest rates.
Job openings have soared 22 percent in the past 12 months, evidence that employers are confident enough in the economy to boost staffing. Net job gains have also increased strongly: Employers added more than 200,000 jobs a month for six straight months through July, the best stretch in eight years.
But overall hiring, as measured by the JOLTS report, hasn’t increased as fast as openings. Hiring is up just 8 percent in the past 12 months.
Are you tired of the mixed me$$ages and contradictory garbage like me?
The gap suggests that some employers are having trouble finding workers with the skills they need. Or they may not be offering sufficient pay to attract the necessary applicants....
I'm sick of this sophistry and $elf-ju$tifying garbage, sorry.
--more--"
This may comes a jolt but I quit!
NEXT DAY UPDATE:
I did manage to go back and see that this was going to be the best Chri$tmas ever after last year's harsh winter kept many shoppers home while the wealth gains are flowing mainly to affluent Americans.
I'm so sick of the bull$hit bu$ine$$ $ection of the Bo$ton Globe. Sorry.
WASHINGTON — The job market is slowly healing [and] the tally of available jobs ticked down [as] total hiring jumped to the highest level since December 2007, when the Great Recession began. That indicates companies are more likely to fill their open jobs. Still, [it] is below the pre recession average.
Do you pre$$titutes for money and power ever get tired of furiously shoveling $hit?
****************
The figures suggest the job market is still making progress, despite last week’s mildly disappointing employment report. That report showed that employers added a net total of 142,000 jobs in August, the fewest since December. The unemployment rate fell to 6.1 percent from 6.2 percent, but only because some of those out of work gave up looking. The government doesn’t count people as unemployed unless they are actively searching.
Meaning their numbers are total dog $hit.
Research by economists at JPMorgan Chase has shown that a rise in openings is typically followed 1 to 2 months later by greater net job gains.
And who could ever doubt JPMorgan Chase?
‘‘With the number of jobs available still near a 13-year high, the slowdown in net hiring exhibited in the August payrolls report is likely to be short-lived,’’ John Silvia, an economist at Wells Fargo, said in a research note.
Job openings fell in manufacturing and construction, while they rose in retail and hotels and restaurants.
Tuesday’s figures come from the Job Openings and Labor Turnover survey, or JOLTS, which provides a more detailed look at the job market than the employment report. It reports figures for overall hiring, as well as the number of quits and layoffs. The monthly jobs figures are a net total of job gains or losses.
Now I'm enraged.
Federal Reserve chairwoman Janet Yellen is closely following the JOLTS data as she considers when the Fed should begin raising interest rates.
Job openings have soared 22 percent in the past 12 months, evidence that employers are confident enough in the economy to boost staffing. Net job gains have also increased strongly: Employers added more than 200,000 jobs a month for six straight months through July, the best stretch in eight years.
But overall hiring, as measured by the JOLTS report, hasn’t increased as fast as openings. Hiring is up just 8 percent in the past 12 months.
Are you tired of the mixed me$$ages and contradictory garbage like me?
The gap suggests that some employers are having trouble finding workers with the skills they need. Or they may not be offering sufficient pay to attract the necessary applicants....
I'm sick of this sophistry and $elf-ju$tifying garbage, sorry.
--more--"
This may comes a jolt but I quit!
NEXT DAY UPDATE:
I did manage to go back and see that this was going to be the best Chri$tmas ever after last year's harsh winter kept many shoppers home while the wealth gains are flowing mainly to affluent Americans.
I'm so sick of the bull$hit bu$ine$$ $ection of the Bo$ton Globe. Sorry.
