Manufacturing jobs up for fourth month

[elifino]

TEMPE, Ariz., Mar 01, 2004 (United Press International via COMTEX) -- U.S.
manufacturing employment is up for the fourth consecutive month after a 37-month
contraction, the Institute for Supply Management reported Monday.

www.principal.com/marketnews/news_template.htm?story=20040301/20040301Manufacturingjobsupforfourthmonth.xml

The employment index rose to 56.3 in February, the highest since December 1987,
from 52.9 in January. New orders and production were also up.

The price managers index shows the manufacturing index grew in February for the
ninth straight month. February's PMI was 61.4 percent, down from January's score
of 63.6 percent. A reading above 50 percent indicates the manufacturing economy
is generally expanding, the institute said.

All 20 manufacturing industries reported growth.

The overall economy also grew for the 28th straight month, according to the
report.


Copyright 2004 by United Press International.

[Nlighten1]

1. They must have added...more McDonalds into the formula.

[ayeshahaqqiqa]

2. How come we only hear about plants closing?

In my neck of the woods, the only big employer coming to town is a Home Depot, and those jobs won't be manufacturing jobs.

[Frodo]

6. Don't they put together lawn mowers for a fee at your "Depot"

That counts as manufacturing now.

I bet they do gas grills too.

[alcuno]

14. I love that picture.

The kid putting together the bicycles at ToysRUs is in manufacturing.

[matcom]

3. IMPOSSIBLE!

they just closed a Taco Bell here in town :D

nice try though

[chelsea0011]

13. When Fast Food Fails, the end is near.

:argh:

[Racenut20]

4. Does this include spatula operators ???

[depakid]

5. What kind of suckers do these people take us for?

Stupid Americans, I guess.

Correct me if I'm wrong, but last I heard, we just set the record for January mass layoffs- and the third highest total for any month.

[rooboy]

7. This would have to be those guys they hired...

to manufacture the coup in Haiti.

[patricia92243]

8. United press INTERNATIONAL - did they mean the whole world?

[mhr]

9. This Is An Index Of Activity Not Hiring

Fewer Plants Working Slightly Harder With The Same Or Fewer People Makes the Index Higher.

This Is Spin.

[Triana]

10. 'cause flipping burgers is now considered Mfg (n/t)

[snippy]

11. 37 months down - 4 months up. How very republican.

This is typical for republican presidents. Republican presidents are always, always, always bad for job creation. Since the 1920's, the annual rate of job creation under republican presidents has always been lower than under democratic presidents.

Since the depression, not a single republican president has had a better rate of job creation than any democratic president. The highest rate of job growth under a republican was 2.2% per year during Nixon's time in office. The lowest rate of job growth under a democrat was 2.3% per year during Kennedy's time in office. Bush has had the first negative number since the depression.

Since WWII ended, a total of 57.51 million jobs were created during the terms of democratic presidents which is an average of 2.054 million jobs per year. During the terms of republican presidents a total of 31.11 million jobs were created which is an average of 1.003 million jobs per year.

You can not have cheap labor in a strong job market. Nothing is more republican than that.


The numbers in this chart are from July, 2003.

[rman]

12. yeah. cause "manufacturing" has been redefined

http://www.cbsnews.com/stories/2004/02/20/politics/main601336.shtml

CBS
Building Blue-Collar … Burgers?
NEW YORK, Feb. 20, 2004

(CBS) Manufacturing jobs making things like airplane engines, cars and farm equipment are disappearing from the American economy.

Or are they? According to a White House report, new manufacturing jobs might be as close as your nearest drive-thru.

The annual Economic Report of the President has already stirred controversy by suggesting the loss of U.S. jobs overseas might be beneficial, and predicting that a whopping 2.6 million jobs will be created in the country this year.

As first reported by The New York Times, the fast food issue is taken up on page 73 of the lengthy report in a special box headlined "What is manufacturing?"

<more>

[Ilsa]

15. The US companies creating new jobs in China

and India are included here, aren't they?