Posted on 09/01/2016 5:25:40 AM PDT by expat_panama
Private-sector jobs rose solidly once again in August, according to a new report. But yet another regional factory gauge indicated slower growth -- or outright contraction. Meanwhile, housing demand remains strong.
Companies have been staffing up in recent months, even as economic growth remains sluggish, creating a puzzle for investors and Federal Reserve policymakers. It's unclear how long that disconnect can continue. But Wednesday's data presage bigger news later this week, including Friday's employment report. ADP Employment Report
Companies added 177,000 workers in August vs. views for 175,000. July's gains was revised up to 194,000. Goods-producing industries, including manufacturing and construction, cut 6,000 jobs.
Still, it's another strong indication that hiring is strong ahead of Friday's nonfarm payroll report from the Labor Department. Economists expect that report to show a rise of 175,000 jobs and a jobless rate of 4.8%.
Chicago Manufacturing Report
The ISM-Chicago manufacturing index fell 4.3 points in August to 51.5, signaling decelerating but continued growth for factories...
Pending Home Sales Index
The Pending Home Sales Index rose 1.3% to 111.3 in July after a downwardly revised 109.9 in June...
(Excerpt) Read more at investors.com ...
7:30 AM Challenger Job Cuts
8:30 AM Initial Claims
8:30 AM Continuing Claims
8:30 AM Productivity-Rev.
8:30 AM Unit Labor Costs - Rev.
10:00 AM Construction Spending
10:00 AM ISM Index
10:30 AM Natural Gas Inventories
2:00 PM Auto Sales
2:00 PM Truck Sales
Can we even trust numbers coming out of Chicago?
There’s a lot of ‘temporary hiring’ going on with my private non-government employer even bringing back people ‘fired’ in the past.
It has a ‘revolving-door’ aspect with many ‘hires’ turning into ‘fires’ within weeks.
It makes no sense other than that the large Fortune 500 company I work for in one of my jobs is perhaps committed to ‘cooking’ the employment stats to help Hillary Clinton election-wise?????
How long will these phony baloney numbers last? Until the last report before the election, of course. Then the “corrections” will start to flow!
You know and I know this article is complete BS.
Are these the corrected numbers or a correction of the corrected numbers.
It will continue to be rainbows and unicorns until Trump’s inauguration, then it will switch to 24/7 doom and gloom. On the other hand, if the traitorous witch gets elected.......
translation: If you want to do any business with this government over the next four years you WILL start hiring now. No matter what your P&L says.
This administrations economy stats are way beyond cooked.
One of the most reliable predictors of a recession or new boom is ignored by the major universities because it is so reliable, simple and doesn’t require PHd in economics.
When Caterpillar starts laying off people, expect a recession.
When Caterpillar starts rehiring, expect a new economic boom.
I have been following this since 1960, when one of my accounting professors, who called economics, an esoteric reading of tea leaves, told our class about this predictor.
15 years later, I wanted to do my MBA thesis on this predictor and my economics professor said no way. He, also, didn’t want me to do a thesis on the negative impact and then positive cyclic impact of the Opecker Princes on our economy when they raised or lowered oil prices.
When Caterpillar starts rehiring, expect a new economic boom.
Made a lot of sense but it when I looked at the numbers I just didn't see it:
buy cheap, sell high
hire cheap, layoff high
Caterpillar follows the ag economy, which can be at wide variance with the general economy. It would be similar to John Deere. Down cycle now, up cycle just a couple years ago.
Not $’s re income/sales.
Laying off or hiring people.
Cat follows the heavy duty construction booms/busts as it is the worlds leading construction and mining equipment maker.
Caterpillar is the worlds leading construction and mining equipment maker. Komatsu, Terex, John Deere and Joy Global are among the corporations main competitors.
https://www.rbauction.com/blog/world-s-top-5-construction-equipment-manufacturers-2015-edition
Komatsu and John Deere are more dependent on the ag business than Cat.
Cat is moving away from their ag divisions. Since they sold off their tractors, employee numbers before and after are essentially meaningless.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.