And look! They do!
Manufacturing in U.S. Expands at Faster Pace; Construction Spending Climbs
Bloomberg ^ | 06/01/04 |
"U.S. Economy: May ISM Factory Index Rises to 62.8 (Update2) June 1 (Bloomberg) -- A gauge of U.S. manufacturing unexpectedly rose last month to the highest in almost two decades as increased demand prompted more factories to hire than at any time in 31 years, an industry report showed."
"Factory payrolls probably grew by 20,000 in May after a 21,000 increase in April, according the median estimate in a separate Bloomberg News survey of economists ahead of Friday's employment report from the Labor Department. U.S. payrolls are expected to rise 225,000 in May after a rise of 288,000 people in April, according to the survey."
" Manufacturing production rose 0.7 percent last month and has been increasing since September. The 4.8 percent gain in total industrial production over the past 12 months is the biggest since a 5.7 percent year-over-year gain ended June 2000. The economy is projected to expand 4.6 percent this year, the most since 1984, according to the median estimate of a separate Bloomberg News survey this month."
http://www.freerepublic.com/focus/f-news/1146422/posts
thats why factories are still closing...during an economic upturn...