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Muh Tariffs: Manufacturing Job Openings at 20 year highs


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2018 Dec 10, 5:30pm   1,098 views  2 comments

by MisdemeanorRebel   ➕follow (12)   💰tip   ignore  

Job openings surged at U.S. factories in October.
The job opening rate for durable goods manufacturing hit 4 percent, the highest ever recorded in data going back to 2000, according to a report issued Monday by the Department of Labor. That’s an increase from 3.7 percent a month earlier.

The figures suggest that tariffs are not hurting U.S. manufacturers.

Durable goods manufacturing was one area that was thought to be particularly exposed both to U.S. tariffs on steel and aluminum and retaliatory tariffs from China and others. But the Labor Department said there were 332,000 job openings in the sector in October. In addition, there were 227,000 durable goods hires.

These are signs of continued expansion for U.S. factories and heavy demand for products made in the U.S.

The metals tariffs were predicted to cost jobs because there are more than ten times as many workers in metals-using industries than in steel and aluminum manufacturing.

Economists claimed that the tariffs would cost as many as 146,000 jobs in metals-using industries. Many journalists have claimed, without evidence, that tariffs are already raising prices (they are not) or hurting U.S. manufacturers.

The layoff rate for durable goods manufacturing was just 1.0 percent, slightly above the previous month but below the unadjusted 1.3 percent rate for the broader economy. In other words, layoffs are less common in manufacturing than they are in other jobs.

https://www.breitbart.com/economy/2018/12/10/factory-job-openings-hit-new-record-high/

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1   marcus   2018 Dec 10, 10:54pm  

Trump cucks often sound so desperate to report something positive on Trump.

These indicators you refer to lag. The manufacturing openings are just a continuation of a trend that was in place when Trump started, and they are due to policies that preceded him.

Likewise, we have yet to see hardly the beginning of the consequences of Trumps tariffs, other than speculation. The tax cuts and defense spending have kicked in though. WhoopTeeDoo.

The speculation is that the tariffs are likely to be very harmful to the global economy. But hey, maybe that's just what the doctor ordered. We wouldn't want to overheat.

IT's always the darkest before the dawn. Is there a flip side to that saying ?
2   MisdemeanorRebel   2018 Dec 11, 8:58am  

marcus says
Trump cucks often sound so desperate to report something positive on Trump.


You mean like the lowest unemployment since 1969, record low unemployment for "minorities", strong GDP growth, and a massive expansion of manufacturing jobs?

marcus says
These indicators you refer to lag.


Obama was blaming Bush for the sluggish economy as late as spring 2012. Now Obama fans want Obama to take credit for all of Trump's presidency.

marcus says
The speculation is that the tariffs are likely to be very harmful to the global economy.


And that speculation has been found to be totally without merit.

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