QQ: Why does the Manufacturing Hiring Plans trends down when, in your other tweet, the US Manufacturing Construction Investement has never been higher? Does it simply mean the contruction was going on outside of the three areas shown in the Hiring Plans?
Is it possible Manufacturing Employment levels are flatter in part because up to 30% of the employee base is close to retirement (and on the blue-collar side tend to retire before 65)? So the 'gains' are more about filling positions opening up through elevated retirement flows vs. new jobs created. Along with increasing adoption of automation/IoT 4.0 tech in facilities finally upgrading after 15-20 years of minimal investment, that might explain some of the hiring lull(s).
You really should define acronyms like FOMC that are used all over your article.
QQ: Why does the Manufacturing Hiring Plans trends down when, in your other tweet, the US Manufacturing Construction Investement has never been higher? Does it simply mean the contruction was going on outside of the three areas shown in the Hiring Plans?
Thank you for this. Happy new year!
Joseph,
Is it possible Manufacturing Employment levels are flatter in part because up to 30% of the employee base is close to retirement (and on the blue-collar side tend to retire before 65)? So the 'gains' are more about filling positions opening up through elevated retirement flows vs. new jobs created. Along with increasing adoption of automation/IoT 4.0 tech in facilities finally upgrading after 15-20 years of minimal investment, that might explain some of the hiring lull(s).
Great overview. What are the rules if I would like to email one of these charts to a few (10 or so) clients (full credit given obviously)?
I'll be the devil's advocate. Some of this feels akin to reading the shadows cast by other shadows.
Thanks for another brilliant post!
Thanks for all your articles this year, looking forward to 2024, Happy New Year!
Thanks Joseph for another comprehensive look at the state of our economy and your terrific charts. Happy New Year!