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 … More Labor Market Recovery Slowing, 53% Of COVID Job Losses Have Been Recovered
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 … More Reading PMIs: A Cautionary Note
Computer & Electronic Product Output Continues To Outperform
Summary Industrial Production (IP) rose for its fourth consecutive month after March and April’s sharp contraction (Chart 1) IP remains 7.6 percent below its December 2019 level (Chart 1) Durable Manufacturing output was up 0.7 percent in August, led by Computers and Aerospace products (Chart 2) Computer & Electronic Products (CEP) continue to significantly outperform … More Computer & Electronic Product Output Continues To Outperform
Q3 U.S. GDP Growth Set For 30% But No V-Shaped Recovery
· The U.S. economy is set for a sharp rebound in Q3 · The Atlanta Federal Reserve’s GDPNow estimate for Q3 GDP growth is currently running at a stunning 30.7 percent annualized rate (6.9 percent q/q), which is almost 2x the prior highest quarterly GDP print on record, registered in Q1 1950 (Chart 1) · … More Q3 U.S. GDP Growth Set For 30% But No V-Shaped Recovery
More U.S. Companies Are Moving Out of China
by Katharina Buchholz, Aug 14, 2020After almost 1.5 years of the U.S.-China trade war, some cracks are starting to show in the commitment of U.S. companies to their China operations. In mid-2019 as well as in mid-2020, around 15 percent of companies surveyed said that they were moving at least part of their operations out of … More More U.S. Companies Are Moving Out of China
Inside a Small Chinese Electronics Factory – Video
What is a small Chinese electronics factory like? We’re visiting a factory that does PCB assembly(PCBA), and final assembly (putting the finished product together and putting it in boxes). This is going deep into the Strange Parts archives – this is the first ever factory tour video I made, long before I started Strange Parts. … More Inside a Small Chinese Electronics Factory – Video
COTD: Five Shades Of Recovery
COTD – Chart of the Day Source: FiveThirtyEight
COTD: COVID Growth Impact – Statista
COTD: Chart of the Day The World Bank published its latest Global Economic Prospects report on Monday, providing us with another glimpse of the expected economic fallout of the COVID-19 pandemic. According to its revised forecasts, the global economy will shrink by 5.2 percent this year, which would mark the deepest recession since World War II. “This is … More COTD: COVID Growth Impact – Statista
U.S. Semi Production Hobbled By Labor Shortages
On May 15, the administration announced that Taiwan Semiconductor Manufacturing Co., plans to build a new $12 billion factory in Arizona. In addition, Intel is considering moving some production back to the U.S., and U.S. officials is also trying to convince Samsung to the States. Call us skeptical as announcements are just that and we will … More U.S. Semi Production Hobbled By Labor Shortages