Archive for manufacturing

Leading economic indicators rise in February #BlameObama

magic 8 ball outlook good smaller

The following email alerts all showed up in my inbox courtesy of Fox Business. So go ahead, Republicans, take a look and then feel free to attack your only source of “news” [sic] for reporting on our economic– What’s it called again? Oh yeah– recovery:

Financial data firm Markit reported domestic manufacturing growth increased to 54.9 this month from 54.3 in February. A reading above 50 indicates expansion. Manufacturers increased hiring for the month pushing the employment sub-index to 54.6 from 53.5.

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The National Association of Realtors report existing home sales increased 0.8% to an annual rate of 4.98 million units last month, the highest level since November 2009. National median price for existing homes jumped 11.6%, the biggest gain since 2005.

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The Conference Board reported economic activity rose 0.5% to 94.8 last month after advancing by an upwardly-revised 0.5% in January. Economists were expecting the index to rise 0.4% in February.

For more news, please go to FoxBusiness.com and watch the FOX Business Network.

Blame Obama.

 don'tcha hate when that happens

After “Right to Work”, Michigan Snyder’s Popularity Plummets

haha

And he’s trailling badly behind ever possible future Democratic opponent.

Just last month when we took a first look at the 2014 landscape we talked about how much Rick Snyder had improved his popularity during his second year in office and how he led a generic Democrat for reelection by 6 points, even as Barack Obama won the state comfortably.

Last week he threw all that out the window.

We now find Snyder as one of the most unpopular Governors in the country. Only 38% of voters approve of him to 56% who disapprove. There are only 2 other sitting Governors we’ve polled on who have a worse net approval rating than Snyder’s -18. He’s dropped a net 28 points from our last poll on him, the weekend before the election, when he was at a +10 spread (47/37).

There’s not much doubt that it’s the right to work law and his embrace of other actions by the Republican legislature that are driving this precipitous drop in Snyder’s popularity. Only 41% of voters in the state support the right to work legislation, while 51% are opposed to it. If voters got to decide the issue directly only 40% of them say they would vote to keep the law enacted, while 49% would vote to overturn it. This comes on the heels of voters overturning Snyder’s signature emergency managers law last month. The simple reality is that Michigan voters like unions- 52% have a favorable opinion of them to only 33% with a negative one.

Private hiring jumps, unemployment claims fall, consumer confidence highest since February 2008

I got a few upbeat email alerts today from Fox Biz. Blame Obama:

The Conference Board’s index of U.S. consumer confidence rose to 72.2 in October from a downwardly revised 68.4 in September. The results missed estimates of a reading of 72.5, but marked the index’s highest level since February 2008.

And this:

The Institute for Supply Management Manufacturing PMI gauge rose to 51.7 in October from 51.5 in September, the highest reading since May. The index was expected to fall to 51.2. Readings above 50 indicate expansion while those below indicate contraction.

And this:

Several upbeat reports on the American and Chinese economies, coupled with strong earnings from oil behemoth ExxonMobil, are sending stocks zooming higher. The Dow is up 138 points, or 1.1%, while the broader S&P 500 is up 0.84%. Nine of ten S&P 500 sectors are in the green, led by industrial, technology and telecommunications stocks.

Full market update: http://www.foxbusiness.com/markets/2012/11/01/data-give-wall-street-boost/

And here’s more from CNN:

NEW YORK (CNNMoney)Private sector hiring jumped in October, according to a report released Thursday by payroll processor ADP.

Private employers added 158,000 jobs in the month, ADP (ADP, Fortune 500) said, beating economists’ forecasts of 143,000.

The October report is the first to feature ADP’s new methodology aimed at further aligning its figures with the final monthly data released by the Bureau of Labor Statistics. The ADP report comes out a day before the government’s official monthly job report, though it has not always been a great predictor of what the BLS report will say.

Quickie- U.S. Factories Rack Up Best Growth In 10 Months

Weren’t the yabberers all going on about a slow down just yesterday? Huh.

(Reuters) – The pace of growth in the manufacturing sector picked up in April to its highest level in 10 months, suggesting the economy still had some resilience after indications it had lost momentum at the start of the second quarter.

The Institute for Supply Management said on Tuesday its index of national factory activity rose to 54.8 from 53.4 in March. The figure bested expectations for a decline to 53.0 and came in above the top end of forecasts, according to a Reuters poll.

A reading below 50 indicates contraction in the manufacturing sector, while a number above 50 means expansion.

VIDEO, Charts: From Bush to the Romney/Ryan Plan: Dropping the “compassion” from “compassionate conservatism”

Visit msnbc.com for breaking news, world news, and news about the economy

Willard Romney and Paul Ryan would take the mess resulting from the Bush tax cuts and make it trillions of dollars worse, all on the backs of the poor. Imagine that for a moment.

What exactly did Bush’s corporate-friendly policies do to this country? Here are some visual aids, courtesy of the Rachel Maddow Show:

Here’s one more, via Think Progress:

Live Streaming Video- President Obama Speaks at Rolls-Royce in Petersburg, Virginia 1230p EST

Live Streaming Video- President Obama Speaks at Daimler Mount Holly Truck Manufacturing Plant in North Carolina 1245p EST