Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Pikamax
``Manufacturers were adding to payrolls with the workweek at a lower level than before,'' says Joe Carson, director of global economic research at Alliance Capital Management. ``It makes no sense,'' especially in light of the strength in factory shipments in March, which were up 3.8 percent.

Maybe the manufacturers are gearing up for anticipated growth in demand and don't want to be left flatfooted when the orders start rolling in.

3 posted on 05/08/2004 11:33:53 AM PDT by USNBandit (Florida military absentee voter number 537. Just registered there to avoid state taxes.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: USNBandit; sinkspur
Maybe the manufacturers are gearing up for anticipated growth in demand and don't want to be left flatfooted when the orders start rolling in.

No. Employment is a lagging indicator of sales and occurs only after employers have utilized overtime options to satisfy existing demand.

Given that there has been no structural change in the factors that fuel a domestic economic environment that is hostile to manufacturing, I suspect this is just a temporary blip due to the decreased industrial capacity created by previous outsourcing. With no domestic regulatory reform on the horizon, I expect this blip will be followed by another downturn in future months.

23 posted on 05/08/2004 1:25:53 PM PDT by Willie Green (Go Pat Go!!!)
[ Post Reply | Private Reply | To 3 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson