[raybbr]

The reading reflects an increased rate of growth in new orders, and a slowing rise in prices paid by manufacturers for raw materials. At the same time, high energy costs and a strong dollar continue to weigh on the sector, ISM said.

Notice the glaring lack of reference to job growth in those sectors?

[Toddsterpatriot]

Notice the glaring lack of reference to job growth in those sectors?

Notice the title of the thread says manufacturing activity not manufacturing employment? Do you need me to explain the difference?

[Modernman]

Notice the glaring lack of reference to job growth in those sectors?

We make more widgets, but that requires less and less people. That means the widgets are cheaper, so more people can afford them and our standard of living goes up.

You don't hear anyone complaining about the fact that our incredibly productive agricultural industry only employs something like 3% of the population.

[neutrino]

Notice the glaring lack of reference to job growth in those sectors?

Thanks for the ping, raybbr!

I seem to recall that making hamburgers is now considered manufacturing. So perhaps all we're really seeing is more burger flipping....

Meanwhile, the Chinese wax stronger.