Recent economic data reveals a complex landscape for the U.S. economy. Manufacturing activity continues to contract, with the September PMI holding steady at 47.2, slightly below expectations. However, the job market shows resilience, as August's job openings unexpectedly jumped to 8.04 million, surpassing forecasts.
Construction spending dipped marginally by 0.1% in August, defying predictions of growth. Manufacturing prices cooled significantly, dropping to 48.3 from 54.0, while employment in the sector fell sharply to 43.9. On a positive note, new orders in manufacturing saw a slight uptick to 46.1.
These figures suggest a delicate balance between economic headwinds and pockets of strength.
Numbers. While fun, they don't mean much. None of this "economy" is resilient. I am so ready to let it all fall.
The numbers especially don't mean much as we near an election and remember that they were recently caught making the employment numbers look better than they were.
I feel like they always play with the numbers. I am sure the election year kicks that up a notch.
Yeah, the most recent one was the largest downward revision ever, though.
Not surprising. Fist world is in a downward spiral.
You need to deal with the bs these people are publishing to get an idea of the tendence.
I agree. I also try to anticipate how the takeaway would change if the employment numbers are inflated again (or if one of the other metrics is artificially rosey).
Is there anything/sector that is doing well?
Seevices holds up relatively well
Anything else?
Are US cars wanted like german ones?
I think german car sector is in deep trouble. The US will grow way faster
Will it?
Us cars have been kind of nad lately.
So many recalls and such.
Soft landing at work? Rates coming down orders will ratchet up. Hopefully avoiding a deep recession
We need to see more data points. The US is a power house and can start the engines if it really wants to
Are the monthly job market numbers as trustworthy as the ones from the more recent months have been (in other words, not trustworthy at all)?
Or or these somehow better?
This here is more trustful