TRUMPeting the 3% Factory Orders BOOM on the Telly Last Night
…they forgot to mention it was thanks to a sharp uptick in the “volatile” aircraft orders category.
Factory orders rise, boosted by aircraft
New orders for factory goods rose in February but a gauge of planned business spending slipped, suggesting factory activity continued to expand at a modest pace.
The Commerce Department on Tuesday said orders for manufactured goods climbed 3.0 percent. Economists polled by Reuters had forecast orders advancing 2.9 percent.
…Gains in new orders were modest when stripping out more volatile categories.
Orders excluding transportation equipment increased just 0.3 percent.
TWO additional new Boeing airplane orders caused a “95.1%” increase and sent that rate skyrocketing. (Say what?) Pull them out and it’s a big, fat “meh”.
Why screw up a chirpy headline, right?
Today’s survey of your burgers and fries folks isn’t going so well, though:
Service Sector Growth Weakest in Seven Months: ISM
The pace of growth in the vast U.S. services sector slowed in March to the lowest level in seven months as new orders and employment measures pulled back, an industry report showed on Wednesday.
The Institute for Supply Management said its services index fell to 54.4 last month from 56 in February, falling short of economists’ forecasts for 55.8. It was the weakest reading since August.
…The forward-looking new orders index slipped to 54.6 from 58.2, while employment dropped to its lowest level since November at 53.3 from 57.2.
And those people are mostly PART-TIMERS, right? (Well, they WILL be after the ObamaCare they voted for really starts to stick it to them.) But they won’t be giving up that “Apple pie with those fries?” job just yet, I’m thinking, because the JobsJobsJobs SOOPER-GEEN-EE-US in the White House has better days planned for all of us, doncha know.
Work Slowdown? ADP Says Job Creation Slowing
Private-sector job creation was considerably less than expected in March, indicating that the labor market’s improvements could begin stalling.
A joint report Wednesday from ADP and Moody’s Analytics showed 158,000 new positions, well below economist expectations of 200,000.
Expect another “pivot/Crazy Ivan” to J.O.B.S. any minute now! Fer SURE!
(I’d just let “Shotgun Joe” know before you do. It’s better to be safe than sorry.)
Biz, Nanny State, People, Politics | tree hugging sister | 
April 3, 2013 11:13 am
Subscribe
Let’s just hope the laser he uses to focus on jobs isn’t supplied by the Missile Defense Agency.