Custer Contexo Group
Strategic Market Intelligence for Electronics Manufacturing, Automotive, and Solar PV Industries
Labor Market Recovery Slowing, 53% Of COVID Job Losses Have Been Recovered
53% of COVID private sector jobs losses have been recovered (Chart 2) Total private-sector payrolls are still down 7.4% since January (Chart 3) Service-providing jobs have been hit disproportionally hard, falling 7.8% since January (Chart 3) Goods producing jobs only make up 16.7% of private-sector employment (Chart 4) The Computer & Electronic Products sector employment …
Reading PMIs: A Cautionary Note
The flash Purchasing Manager Indices (PMI) have just been released by Markit, which shows the manufacturing sectors in the U.S. and Europe continue a strong rebound. IHS Markit Flash U.S. Manufacturing PMI™ Manufacturers indicated the fastest improvement in operating conditions since January 2019 in September, as highlighted by the IHS Markit Flash U.S. Manufacturing …