Posted on 02/01/2005 7:13:04 AM PST by SoFloFreeper
NEW YORK (AP) -- The manufacturing sector grew for the 20th consecutive month in January, though at a moderated pace, a private research group reported Tuesday, affirming the rebound in activity at the nations' factories.
The Institute for Supply Management said that its index measuring manufacturing activity declined to 56.4 in January, from a revised reading of 57.3 in December. The January figure was slightly below the reading of 57 anticipated by analysts.
A reading of 50 or above in the index means the manufacturing sector is expanding, while a figure below 50 represents a contraction.
Have they ever? Source please.
It isn't the teenager putting burger to bun that got counted as manufacturing but the actual manufacturing of the patty.
Willie doesn't need facts, both his friends said the economy was going downhill.
Not the process of putting the burger on the bun and McDonalds, BK, Wendys, etc...
I could be way off though.
WE'RE ALL GOING TO BE REPLACED BY MACHIIIIIINES!
You don't remember this little gem of a story from last year?
Brace yourself for this one...
White House economists wonder whether hamburger flippers at fast-food restaurants should be considered manufacturers.
In the report last week, Bush's chief economic adviser N. Gregory Mankiw called the definition "somewhat blurry" and asked whether it should be changed. "When a fast-food restaurant sells a hamburger, for example, is it providing a 'service' or is it combining inputs to 'manufacture' a product?"
For an administration that has seen 2.6 million manufacturing jobs vanish since January 2001, raising the possibility of changing how manufacturing jobs are classified has provoked a sharp response, especially in an election year.
When Mankiw's remarks came out this week, Democrats had a field day. In Ohio, presidential hopeful Sen. John Kerry (D-Mass.) said: "If this president is going to tell middle-class factory workers that even though their job has disappeared, they can still have a good manufacturing job at $5.15 an hour at McDonald's, let him come to Ohio."
Gee, I read your entire story and didn't see where it said that hamburger flipping was now considered manufacturing. Maybe you should highlight that part so I can see it better.
20 MONTHS BUMP!
How funny. You answered your own question. And not merely in the negative, mind you, but defeating its own premise as well.
Just how high should manufacturing go?
Just because Willie Green can't find American made goods doesn't mean they aren't there.
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