October 25, 2013: No time for love

Posted by LDonia on 10/25/2013

Good morning,

Happy Friday! Don’t check out just yet, the weekend’s not here for a few more hours. But if you’ve been keeping a close eye on politics, economics, and the grim nexus where they meet, you could probably use a few days in the dark to decompress. We understand. It’s been a heckuva month.

Now, there’s no need to recap the government shutdown and the accompanying debt ceiling brinksmanship: Suffice to say it may have cost a lot of jobs and didn’t do much for our psyche, either.

But no time for love, Dr. Jones. We might have gotten a delayed jobs report just a few days ago -- and an update on our trade balance only yesterday -- but the precursor data for the next jobs report is already hitting the streets. It’s not very promising. Unemployment claims remain pretty high, and manufacturing activity is looking kinda weak. What will this say about the next jobs report on November 8?

Elsewhere around the web:

The European Union and China are working out ongoing trade disputes after issues with steel, wine, and solar panels. But there’s more to be done, writes Robin Emmott for Reuters:

The European Union wants greater access to China in industries including banking and is eager for Beijing to drop requirements that Europeans must work with a Chinese joint venture partner and hand over sensitive know-how.

Turkey going with Chinese missiles?

Back in the States: Manufacturing is looking up in Indiana, where a recent survey of Hoosier manufacturers showed that companies consider the sector to be healthy or stable. This is good news for the nation’s most manufacturing-intensive state. Joseph S. Pete for the Northwest Indiana Times has the story.

“We’re behind the curve in investing in infrastructure, in skills, in protecting our inventions and supporting our exports.” That’s Sen. Chris Coons, (D-Del) who, despite that quote, is bullish on an American manufacturing renaissance. Ileana Diaz of CBS Philly has more on the senator’s visit to a steel mill in Claymont, Delaware.

And have you sent in a jobs report?

There’s more to the monthly jobs report than just numbers. There are people behind the data, and their stories deserve to be heard. Do you have one to tell? Have you – or your friends, family, or neighbors – started looking for work recently? Have you stopped? Send in your jobs report to info [at] aamfg [dot] org, tweet it to us at @keepitmadeinUSA, or contact us via Facebook. And read the ever-updating report right here.

TGIF, America!


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