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-----Original Message----- From: MeLinda MeLisa <[email protected]> Sender: [email protected] Date: Fri, 6 May 2011 22:30:43 To: <[email protected]> Reply-To: [email protected] Subject: [StockForex] More Good News On Manufacturing in Jobs Report, But USD Long Way To Go More Good News On Manufacturing in Jobs Report, But USD Long Way To Go MarketCall.net - May 06, 2011 Some more good news on manufacturing in Friday's jobs report: The manufacturing sector has now strung together six straight increases in seasonally adjusted monthly employment, the first time that has happened since 1998. And up to 11 times in 13 months. In all, manufacturing employment up 1.9% from a year earlier, the biggest year-over-year percent change since 1998. It is up to 250 000 lower than December 2009, also the biggest gain since 1998. Manufacturing workers getting 3.3 hours of overtime per week, up from 2.1 at low recession two years ago. Production workers getting 41.4 hours of work per week on average, this type of working days per normal hour in the expansion. Average weekly earnings for manufacturing workers to 2.6% from last year to $ 956.27. Bad news: Overall manufacturing employment, at 11.7 million, down 7.8 million, or 40%, from 1979 peak, and remain down 32%, or 5.6 million, from where he stood at the beginning of the new millennium. BOTTOM LINE: The manufacturing sector enjoying real progress, which is a key feature of the economic recovery. But it remains a sector that has been seriously depleted - work-wise - by a decade of increased productivity and globalization has caused companies to move work offshore. Businesses add the most jobs in 5 years as labor market continues to improve, even as unemployment rate rises to 9% in April 2011. The members of the Federal Reserve will likely keep interest rates remain very low, approaching zero percent Source : http://marketcall.net
