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For The First Time During This Business Cycle, The US Hasn't Added A Single Manufacturing Job This Year
While the headline ADP print earlier today was modestly better than expected, at +200K, one of its components posted a surprising tumble: with 14,600 manufacturing jobs lost in August, this was the worst month for the US manufacturing sector since January 2010.
Where this data becomes more disturbing, and where it can be seen in full context, is when clustering the monthlies into full year buckets. It is here that the full impact of what is now clearly at least a manufacturing, if not yet service, recession can be witnessed.
As the chart below shows, according to ADP, for the first time this decade, the US hasn't created a single manufacturing job for the entire year. In fact, it has lost some 6,600 jobs.
But don't worry: we hear "economic recoveries" driven by hiring of minimum wage retailers, low-wage teachers, and of course, waiters and bartenders, are all the rage in this business cycle.
Source: ADP
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Whats more depressing is that the wages for semi-skilled manufacturing jobs is like 11-13$ per hour here in Iowa....Had a recruiter ask me if i wanted to weld 2nd shift for 12.50 an hour...what the fuck.
I thought mixing drinks and stacking shit-meat on GMO buns for the sheeple was considered "manufacturing"?
That's inflicting, and covered by a different goernment agency.....
Why this is the worst economic recovery in US history...
http://seekingalpha.com/article/3538366-u-s-economic-recoveries-in-perspective-and-why-this-is-the-worst
I own a small business and had two manufacturing employees plus outsource alot to local plasitcs manufacturers. A couple years ago the red-tape got to be so much I decided F' it. I downsized, got rid of my employees, and do it all myself.
Yes indeed, I am small fry. That said, I am the 1% that provide (well, provided) jobs and innovation. Multiply my situation by a million small businesses and there ya go - this is what you get.
I myself am all set. I am in my 50's and ready to get out. I did my part - provided jobs and innovation. And what thanks do I get? I am of the evil 1% everyone hates while I pay $60,000 year in taxes to support the parasites that hate me. Good. Excellent. F U!
The economy is dying for lack of men like me. I am laughing as I abandon it.
Good Luck!
Making meth isn't industrial manufacturing?
Yup same thing here in SWVA $10-12 an hr to work all night no thanks
"No Shit."
The Source.
Well . . . .
What about manufacturing propaganda and war???
WE'RE NUMBER 1 !!!!!!!!!
Dat true.
...and fatherless babies too.
http://www.johnstonsarchive.net/policy/abortion/
Exactly, even the added jobs are at barely legal wages, half or less what was paid even ten years ago much less twenty or thirty.
Hey, nuthin' to worry about FEDGOV will invent some more stupid useless jobs and hire ya.
I remember as far back as the 1980s they were talking about the US transitioning into a "service economy". I guess they were right. Now we all just service ourselves all day.
Funny, I remember all that talk too. Sadly at the time I had no idea how fucked up that was at the time.
Burger flipper and accountant are both service jobs, but one pays more......
Burger flipper can limit his hours to maximize his government entitlements, so I'd go with that choice as having the highet earnings. At least when measured against how many hours they actually work. Every accountant I know is bipolar and miserable.
And BOTH ill be replaced by machines, sooner or later.
They're talking about that in China now.
I know. And they didn't even get the decades of steadily increasing manufacturing wages, a middle class lifestyle and cushy benefits to show for it. Oh, well. I guess that just means they won't miss it when they go from making $2/hr on an assembly line to $2/hr making flied lice.
China - another failed experiment.
More than enough part-time, zero-benefit, min-wage, servitude positions to make up for it. NOW POLISH MY TESLA YOU SERF!
Let me know when its negative. If one single job was created. BULLISH
It's hard to add a munufacturing job when we don't make anything.
Beat me to it Doc. There are a few industries making stuff...you can't move a whole steel mill, cost prohibitive, but mainly, we just assemble. What hasn't been shipped overseas, is sub-contracted, some domestically amazingly enough...
Domestic oil. dumped
Domestic coal. dumped
Domestic Aircraft. dumped
Domestic clothing. dumped.
Domestic automobiles dumped (good thing)
Tears prevent me from going on.
(allergies)
It saddens me that I will have to one day explain to my son what all the empty factories and fields in this area once held. To show him what we once were, compared to what the future holds, makes me sick. All I can do is to teach him useful skills and hope that he can use them to barter for a decent life.
I firmly believe that in the coming years the only way to make a living will to be a Jack of all trades and try to supply what your neighbors need. I myself have invested in tools and equipment for just that.
As we speak, they are finishing the scrap out of Bethlehem Steel in Baltimore. At one time, the largest steel mill in the world. 30,000 a day worked there, not too long ago. Gone also, are the shipyards, auto plant, paint,chemical and plating businesses.
Baltimore east side is all sparkly and shiny. With condos and yuppies and trendy eateries. I just have know clue as to what these people do to earn a living, or what value they bring to the economy.
Maybe I'm just the old buggy whip guy, and I'm the problem..???...
Nah, fuck that. 30,000 now go to work daily for NSA at Ft. Meade. And the complex is surrounded by military industrial complex vendors. Of every stripe. And I'm probably not wrong to say maybe 5% of the product goes to private industry. It's ALL Uncle Sugar money, and Uncle Sugar "product".
Now, where does their paycheck originate???? From the 3 or 4 people left in the country that produce a viable product, traded to not-government, and taxed. The balance of the "money" is just foisted out of thin air. Enjoy it while it's lasts, bitchez. When this government turd dries out, we are fooked.
I guess we can cook each other's food and change each other's diapers.
I, for one, have been decimated by the illegal invader motherfuckers. Who get paid cash, don't have to abide by the same rules and regs I do, don't pay tax, send half their pay HOME ( and home is NOT here, let that sink in!), breed like rabbits, overwhelm our schools, utilize our medical system for nothing, live four families to a house, and are immune to our laws currently. Kinda tough to compete, unless I go to ground, and break a lot of laws, rules and regs.
Vote Trump.
If nothing else, it will be fun.
As we speak, they are finishing the scrap out of Bethlehem Steel in Baltimore. At one time, the largest steel mill in the world. 30,000 a day worked there, not too long ago. Gone also, are the shipyards, auto plant, paint,chemical and plating businesses.
Baltimore east side is all sparkly and shiny. With condos and yuppies and trendy eateries. I just have know clue as to what these people do to earn a living, or what value they bring to the economy.
Maybe I'm just the old buggy whip guy, and I'm the problem..???...
Nah, fuck that. 30,000 now go to work daily for NSA at Ft. Meade. And the complex is surrounded by military industrial complex vendors. Of every stripe. And I'm probably not wrong to say maybe 5% of the product goes to private industry. It's ALL Uncle Sugar money, and Uncle Sugar "product".
Now, where does their paycheck originate???? From the 3 or 4 people left in the country that produce a viable product, traded to not-government, and taxed. The balance of the "money" is just foisted out of thin air. Enjoy it while it's lasts, bitchez. When this government turd dries out, we are fooked.
I guess we can cook each other's food and change each other's diapers.
I, for one, have been decimated by the illegal invader motherfuckers. Who get paid cash, don't have to abide by the same rules and regs I do, don't pay tax, send half their pay HOME ( and home is NOT here, let that sink in!), breed like rabbits, overwhelm our schools, utilize our medical system for nothing, live four families to a house, and are immune to our laws currently. Kinda tough to compete, unless I go to ground, and break a lot of laws, rules and regs.
Vote Trump.
If nothing else, it will be fun.
Well worth saying twice.ald
So true. Free markets are total bullshit when you have labor competing to "make things" at $9.00/day in China. Maybe middle America can crack the monthly nut on this level of wage, doubt it. They can't so the jobs went south or east where they can in their country. I import castings and other "hard" goods from the PRC and physically make stuff here in the USA. It is a losing game. There is only one solution in my mind.
A flat tax and a country specific tarrif to equalize the domestic wage rate. Then a US worker can "compete" with $9.00 / day labor. But, but, but all the cheapy imported stuff will cost a lot more..... That is the idea. But at least this country, our country will start to drag live and for real jobs back that pay a level to support this countries middle class and the monthly nut demanded by the banksters and those fancy CEOs trying to sell imported refrigerators at 1200/pop to a middle class making say 3,000/pre tax on the treadmill chasing fiat printed out of thin air.
That seems fair to me.
welcome to
o'sville
where we will spend your last
buck
before we can't
is this your fathers socialism
They've been able to hide the 40 year Depression behind the fact that everything is getting constantly shittier. But these spikes in shittiness lately are hard to explain away when the majority of the population is nearing the bottom.
Better put some extra seasoning on that number and than spin it a centrifuge and release it the shitheads in the press as another 'positive' 'news' item that the United Sheep of Amerika have turned a new page to the post industrial economy where funemployment and the gig economy now rein supreme.
This makes Scooby happy to be a paid commenter on various electronic media outlets. I manufacture digital widgets.
Hey, my dog "manufactures" organic fertilizer. Add one job!
Economist Robert Solow said we could eventually not need natural resources to run an economy. So why not add manufacturing to the list?
What about all that manufactured propaganda the Whore House keeps manufacturing? Surely the Whore House has added jobs, and brought in new Interns for Bill Clinton's re-emergence as the First Gentleman when Hillary becomes the next President of the USA?
Too much government. Too many regulations. Too much debt.
The parasite is killing the host, and no amount of money-printing is going to change that.
How about Manufacturing Burgers at the local fast food joint? Thats got to count.
Assembly with some value added.
The asset of the burger joints is their location.
So fucked up they can't even make up lies about it anymore! Even the wetbacks are heading back to Mexico:
http://www.nationaljournal.com/next-america/newsdesk/why-immigrants-boom...
Exactly! It is really sad that Americanos some to Singapore and buy things like eyeglasses and other light products as they say that the same things in USA are most expensive and of deferior quality.
I know of one Indian-Americano couple that do their "major" shopping in Asia each year. They get their appliances in Japan and pay to have them shipped to USA. Why? According to them, the things available in USA are SHIT.
And I agree. We lived in USA for 20 years and it was like living in an underdeveloped nation. But at least back them prices were lower. Now they are high and the stuff is still SHIT.
Ive often heard the comment "If you dont like the government then move to another country"
So I guess, "if you want a manufacturing job then move to another country?"
alternatively, "if you werent born into american corporate royalty and you want to work for a decent living then move to another country."
Yep
my cousin makes 900 dollars a day manufacturing envelops, so you see if you're willing to work hard, opportunities are out there you know?
Gosh I never realized that working at home could be so lucrative!
Tell me more.
Here's more information on this: http://iamsully.com/?p=15053.
or here:
https://www.youtube.com/watch?v=xn5z0eWy_Z4
Look at the bright side: Now you too can be like the Oligarchs -- a Job Creator.
Who says an AI can't have a sense of humor?
I heard the economy sucks because Obammy has anal-butt-sex with hippopotamuses in some half-ass butt-crack-palace near Newark.
Manufacturing is a barbarous relic. Except manufacturing consent, that's the job of Banksters.
Romney's old hedge fund just shut the last non military factory down and transferred the last non military job to China. Or was that Mexico. Doesn't matter. The US was looted.