- The U.S. manufacturing industry shed 26,000 jobs in November, following a loss of 19,000 jobs in October
- Private employers added 146,000 jobs in November, falling short of analysts’ expectations of 150,000, with goods-producing industries showing only a 6,000-job gain.
- Manufacturing was the weakest sector, and another report highlighted that the industry has been contracting for eight consecutive months.
- The manufacturing sector faces ongoing challenges, including sluggish global growth, high financing costs, and uncertain U.S. policy, which may persist into 2025.
- Despite manufacturing struggles, the U.S. economy is projected to grow at a 3.2 percent annual rate in the fourth quarter, with annual pay growth increasing by 4.8 percent.
(Natural News)—The manufacturing industry of the United States experienced a significant decline in employment in November, shedding 26,000 jobs.
This is according to the latest National Endowment Report from human resources management firm Automatic Data Processing (ADP), noting that the manufacturing industry continues to struggle under the administration of outgoing President Joe Biden, following a loss of 19,000 jobs in October.
The report, released on Dec. 4, revealed that private employers across the country added a total of 146,000 jobs in November, falling short of analysts’ expectations of 150,000 new positions. The weakness in goods-producing industries was evident, with a net gain of only 6,000 jobs in this category.
Nela Richardson, ADP chief economist, noted that while overall growth for the month was “healthy,” industry performance was mixed. “Manufacturing was the weakest we’ve seen since spring. Financial services and leisure and hospitality were also soft,” she stated.
The construction sector added 30,000 jobs in November, while the mining and natural resources industry saw a modest increase of 2,000 jobs. However, the manufacturing sector’s job losses extended the contraction that has been ongoing for months.
The Institute for Supply Management’s (ISM) latest manufacturing activity report further underscored the sector’s challenges. In November, the manufacturing sector contracted for the eighth consecutive month and the twenty-fourth time in the last 25 months.
Timothy Fiore, chair of the ISM’s manufacturing business committee, reported that 66 percent of manufacturing GDP contracted in November, up from 63 percent in October.
While there were some positive indicators, such as new orders expanding for the first time in eight months and input costs rising at a slower pace, the overall picture remained one of continued weakness, including a reduction in factory employment.
Job openings, new hires in manufacturing dropping since October
The ADP report aligns with data from the Bureau of Labor Statistics (BLS), which showed a decline in both job openings and hires in the manufacturing sector in October. The most recent nonfarm payrolls report from BLS also indicated that manufacturing lost 6,000 jobs in September, with job losses increasing to 46,000 in October.
Economists polled by Reuters predict that the U.S. economy added 200,000 positions last month, following a weak gain of 12,000 jobs in October, the lowest figure since December 2020.
Richard Moody, chief economist at Regions Financial Corporation, highlighted the ongoing challenges facing the manufacturing sector.
“Over the past several months, we’ve noted that the manufacturing sector seemed more or less stuck in a holding pattern, with sluggish global economic growth, still-high financing costs, and an uncertain outlook for U.S. tax, regulatory, and trade policy acting as stiff headwinds,” he wrote in a recent note.
Moody added that despite the election being over, the policy outlook remains uncertain, which will likely keep the manufacturing sector on “very tentative footing into 2025.”
The ongoing slump in manufacturing is a key issue facing the incoming administration of President-elect Donald Trump, who has proposed plans to revive the sector, including cutting regulations and lowering energy costs for consumers and businesses. (Related: Trump vows to implement new tax incentives that would boost U.S. auto manufacturing industry.)
Despite the challenges in manufacturing, the U.S. economy appears to have retained its momentum from the third quarter. The latest GDP estimate for the fourth quarter projects the economy growing at 3.2 percent in annual terms, up from the 2.8 percent pace of growth in the July–September period, according to the Federal Reserve Bank of Atlanta.
The November ADP National Employment Report also provided insights into annual pay growth, which increased by 4.8 percent year-over-year. The report, produced by ADP Research in collaboration with the Stanford Digital Economy Lab, uses anonymized payroll data from more than 25 million U.S. employees to offer a detailed and high-frequency view of the private-sector labor market. The report’s pay measure uniquely captures the earnings of a cohort of almost 10 million employees over a 12-month period.
In summary, the U.S. labor market showed mixed performance in November, with the manufacturing sector continuing to struggle while the services sector demonstrated resilience. The data highlights the ongoing challenges facing the manufacturing industry, which remains under pressure from global economic uncertainty and policy headwinds.
Watch this clip featuring Sen. Mike Crapo (R-ID) discussing how the Republicans can help strengthen the economy and grow jobs.
Don’t just survive — THRIVE! Prepper All-Naturals has freeze-dried steaks for long-term storage. Don’t wait for food shortages to get worse. Stock up today. Use promo code “jdr” at checkout for 35% off!
This video is from the NewsClips channel on Brighteon.com.
More related stories:
- Trump’s energy plan: A path to American prosperity and security.
- TRADE WAR: China bans export of raw materials to U.S. for high-tech and military applications.
- REPORT: Tariffs during Trump’s first term helped U.S. decouple from China.
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Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.
