Factory orders post first drop in five months

[DonViejo]

Source: Reuters



Mon Jun 5, 2017 | 10:07am EDT

New orders for U.S.-made goods fell in April for the first time in five months and orders for capital equipment were not as weak as previously reported, suggesting the manufacturing sector remained on a moderate growth path.

Factory goods orders dropped 0.2 percent, the Commerce Department said on Monday after an upwardly revised 1.0 percent increase in March. Economists polled by Reuters had forecast factory orders falling 0.2 percent in April after a previously reported 0.5 percent increase in March.

Factory orders were up 4.4 percent from a year ago.

Manufacturing, which accounts for about 12 percent of the U.S. economy, is being supported by a recovery in the energy sector that has led to demand for oil and gas drilling equipment.

Read more: http://www.reuters.com/article/us-usa-economy-factory-idUSKBN18W1TV

[MADem]

1. But....but....but.....

Where are all those great JOBS?????

I guess MAGA is "Manufacturing All Gone Away" or "Major Asshole Goofs Again."

[DK504]

2. WINNING!!!!!

So much winning! Are you all tired of so much winning?

[IronLionZion]

3. This is all Obama's fault

Trump will bring back manufacturing jobs right after he brings back coal jobs.

Meanwhile buy some great Trump merchandise made in China and get a drink at his hotel where the cheapest cocktail is $28. MAGA!

Ivanka's Chinese workers have been getting too uppity and entitled and forgetting their place in the food chain so they're threatening to move the jobs to Ethiopia where the workers are more grateful.

[Achilleaze]

4. Trump Slump

Thank you republicans (and their vodka-swilling russian BFFs).

[LyndaG]

5. "I, alone, can fix it"

[progree]

6. But but Trump says "the economy is starting to come back"

Wolfers' tweet: https://t.co/KWSd8GWp2s

Link to tweet

Trump opens with "THE ECONOMY IS STARTING TO COME BACK..."
Here's the data. Decide for yourself. - Justin Wolfers




---------------------------------------------------
Progree sez: The economy may not have completely stalled out (judging from yesterday's jobs report), but slowed down though. Only 594,000 more jobs than in January, for an average gain of 148,500/month.

Contrast that to the average job gain in the preceding 12 months: (Jan 2017 minus Jan 2016)/12 = 194,200/month

Non-farm payroll jobs: https://data.bls.gov/timeseries/CES0000000001

And as far as May itself -- Payroll jobs: +138,000 (but considering March and April were revised down by a combined 66,000, there are only a moderately pathetic 72,000 jobs more than there was in the May 5 jobs report)

----------------------------------------------------

[Rincewind]

7. It's the trump economic miracle! nt.