[M-technik-3]

I try to be informed and pay attention. Seems the Fed is getting numbers of unemployed up to slow the amount of spending down but still not there.

Place I work at is a large CNC in Western Mass, we have seen contracts slowing and dropping off. Today we had layoffs 25 people are now looking for work.

Some were dead weight, some were unexpected. I have been here just shy of 2 years.

Anyone else out there in Manufacturing noticing a drastic slow down in orders and demand?

[dreamingat30fps]

Can't comment about manufacturing specifically, but half the news articles that come up on my phone or other feeds are about companies laying people off.

[Car-Addicted]

Generally the financial news is pretty much yellow journalism free so I would look there. The truth is always harder to find in election years. UPS's 12,000 offs doesn't make me very confident.

The full list of major US companies slashing staff this year, from Paramount to Google and Microsoft
Feb 14, 2024
Thirty-eight percent of business leaders surveyed by ResumeBuilder think layoffs are likely at their companies this year, and around half say their companies will implement a hiring freeze.
Here are 22 companies with job cuts planned or already underway in 2024.
https://www.businessinsider.com/layo...cuts-2024?op=1

[M-technik-3]

I use many offshore and us based news agencies so I try to remain unbiased. The fed is so trying hard for a soft landing but with data out there inflation does not look like it is going hit their 2.5%.

[BIGW0RM]

I am in the semiconductor industry and are market is dead slow. Usually during times of war/conflict; our market spikes up big time. Demand sky rockets. This is the first time in my career that war/conflicts did not create demand in my market. Not that I want that. But that's normally how it goes. Strange times...

[gary_william]

Structural steel fabrication and erection business is still yuge on the West coast. I'm chockablock full for at least the next year, already.

[eluded]

Tech is an absolute mess but everyone tells me how great the economy is and sends me articles telling me so.

[ASAP]

under no circumstance listen to the mainstream media on the economy because at this point, it's like reading the national enquirer...

CPI / PPI data has been revised month over month as have jobs reports.

CPI has also been reformulated and the job report that continues to show any sort of strengths is very limited to a few sectors and folks working numerous part time jobs. These are jobs at the bottom of the salary bracket... it's near impossible to find a solid white collar job right now.

The market continues to grow based on more profitable companies that have laid off folks but are not tied in to any results... yesterday's CNBC report showed a decline in consumer / retail spending which is step one. It's going to get ugly very very soon... as we are still experiencing inflation and the fed has to be very careful so we don't hit a stagflationary period.

[M-technik-3]

Exactly you change how you report makes everything rosie, publish the revised reports quietly and majority of sheeple think everything is just great.

The biggest job growth from what I have seen is part time work so people can afford to get by.

[F32Fleet]

Originally Posted by M-technik-3

I try to be informed and pay attention. Seems the Fed is getting numbers of unemployed up to slow the amount of spending down but still not there.

Place I work at is a large CNC in Western Mass, we have seen contracts slowing and dropping off. Today we had layoffs 25 people are now looking for work.

Some were dead weight, some were unexpected. I have been here just shy of 2 years.

Anyone else out there in Manufacturing noticing a drastic slow down in orders and demand?

U6 which some call the "real unemployment rate" is creeping up but it has a long way to go. Obviously not all sectors are impacted the same.


https://fred.stlouisfed.org/series/u6rate

[ASAP]

Originally Posted by F32Fleet

U6 which some call the "real unemployment rate" is creeping up but it has a long way to go. Obviously not all sectors are impacted the same.


https://fred.stlouisfed.org/series/u6rate

Does this differentiate the amount of total part time vs full time employees in the market? If part time massively rose and full time fell off... as a trade off, would it still be counted the same? In addition, are there are salary comparison on jobs lost vs gained etc?

[Car-Addicted]

Here's one I love: Intellectual property now part of GDP
29 Crucial Intellectual Property Statistics
38.2% of the US GDP comes from intellectual property intensive industries.
There’s a strong connection between intellectual property, business development, and economic growth, and numbers prove it. Intellectual property intensive industries account for 38.2% of the country’s GDP, amounting to over $6 trillion.
https://legaljobs.io/blog/intellectu...rty-statistics

Yes folks the GDP is not just tangible assets anymore
Think that GDP is a accurate representation of economic activity now?

[chassis]

Originally Posted by M-technik-3

I try to be informed and pay attention. Seems the Fed is getting numbers of unemployed up to slow the amount of spending down but still not there.

Place I work at is a large CNC in Western Mass, we have seen contracts slowing and dropping off. Today we had layoffs 25 people are now looking for work.

Some were dead weight, some were unexpected. I have been here just shy of 2 years.

Anyone else out there in Manufacturing noticing a drastic slow down in orders and demand?

No.

[F32Fleet]

Originally Posted by ASAP

Does this differentiate the amount of total part time vs full time employees in the market? If part time massively rose and full time fell off... as a trade off, would it still be counted the same? In addition, are there are salary comparison on jobs lost vs gained etc?

There's a description in the link of what U6 contains but there are other statics that BLS compiles.

https://www.bls.gov/cps/cps_htgm.htm

[Weather Man]

The fact that Boomers are leaving the workforce in record numbers right now is the only thing keeping the job market reasonable.

[M-technik-3]

https://newyork.craigslist.org/wch/c...717891542.html

Owner states just bought a manual low mileage e91.

[ASAP]

Originally Posted by M-technik-3

https://newyork.craigslist.org/wch/c...717891542.html

Owner states just bought a manual low mileage e91.

lol i think its a swap from an auto

[M-technik-3]

LOL I posted in wrong thread oops.

[Car-Addicted]

Originally Posted by M-technik-3

LOL I posted in wrong thread oops.

Maybe I can fix this for you?
If the economy keep going this direction we will all be driving <$10,000.00 used cars.

[M-technik-3]

Originally Posted by Car-Addicted

Maybe I can fix this for you?
If the economy keep going this direction we will all be driving <$10,000.00 used cars.

I did try to delete it but it didn't for some reason

[hubbahubba]

We own a restaurant, and especially over the last three months have seen a substantial drop in monthly YOY sales. Prices of everything are up, and people just are not spending money like they did even a year ago. Every year we host a breakfast for a local RV dealership. The owner called to set it up a couple weeks ago, and in chat with my wife he mentioned that their sales are also down substantially, citing higher interest rates and generally higher cost of living for everyone. We are most certainly seeing it in our area, which is usually fairly resistant to such downturns. Or at least it has been for the 9 years we’ve been open.

[chassis]

Local Porsche dealer said new car sales have been slow recently (notwithstanding the sold 992 on the showroom floor). Seems discretionary purchases (eating out, buying RVs and Porsches) is softening a bit. Maybe not a bad thing in the larger picture. Understandably, not the news one wants to hear for businesses selling discretionary goods or services.