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Are Electronic Payrolls Bottoming?

December 10, 2019 by Jonathan Custer

Computer and electronic product payrolls, which made up 18 percent of total durable manufacturing jobs in 1990 and have fallen to 13.6 percent in November,  appear to be putting in a relative bottom.   The electronics sector with respect to U.S. employment has been hit much harder than overall manufacturing as illustrated in the following chart. …

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U.S. November Jobs Data Strong: Payrolls Up 266k, Unemployment Rate 3.5%

December 6, 2019 by Jonathan Custer

U.S. payrolls increased 266,000 in October, the most since January, after an upward revision of 156,000 for the prior month, and topping estimates of 180,000 jobs. It was the first full month that General Motors Co. workers returned to work after a 40-day strike, adding 41,300 to automaker payrolls following a similar drop the prior …

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GM & LG Chem In $2.3 b EV Battery JV

December 5, 2019 by Jonathan Custer

  General Motors and South Korea’s LG Chem plan to invest a combined $2.3bn in a joint venture to build a new battery plant in the US, as the automaker prepares to ramp up production of electric vehicles. The companies announced on Thursday they will break ground in the middle of next year in the …

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