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Posted: 10/30/2019 10:08:15 AM EDT
https://www.bloombergquint.com/global-economics/manufacturing-is-now-smallest-share-of-u-s-economy-in-72-years
Manufacturing made up 11% of gross domestic product in the second quarter, the smallest share in data going back to 1947 and down from 11.1% in the prior period, a Commerce Department report showed Tuesday. Figures before 2005 were for full years only. States like Pennsylvania and Wisconsin that helped him win in 2016 are now losing factory jobs amid a persistent trade war with China and a weaker global economy. Trump approval rating down to 40%. GDP growth 1.9% (China 6%). No wall. Bump stock ban. Support of suppressor ban. Trouble on the horizon. |
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Bloomberg? sigh.
ETA: If people believe this and don't see the subtext and the context, along with manipulation of statistics... oh well, they were going to vote democrat anyway. |
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Lol. We’re booming. Big corporate is down but niche is kicking ass because... large ship vs speed boat.
Skewed data sets for the doom and gloomers. |
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gotta try and get some rust belt states somehow....problem is all the people in manufacturing are too busy to read bloomberg
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Quoted:
Bloomberg? sigh. ETA: If people believe this and don't see the subtext and the context, along with manipulation of statistics... oh well, they were going to vote democrat anyway. View Quote Edit: report from commerce department: https://www.bea.gov/news/2019/gross-domestic-product-industry-second-quarter-2019 |
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Quoted: https://www.nytimes.com/2019/09/03/business/economy/manufacturing-economy-slowdown.html View Quote Well sure, I believe it NOW! Shit, why didn't you say so! ?? ETA: For the OP in his native language. A message of hope for him. ????????????????????,????????50?????????????? Wo xiwàng máozédong zhuyì zhe nénggòu wèi nín yíngdé xià yi jiè dàxuan, yinci nín bù huì yinwèi zài 50 fen jun zhong wèi néng luxíng zhízé ér bèi chujué. |
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We grew at 1.9% in a expected recession, we are doing just fine.
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Quoted: Oh, the NYT! Well sure, I believe it NOW! Shit, why didn't you say so! ?? ETA: For the OP in his native language. A message of hope for him. ????????????????????,????????50?????????????? Wo xiwàng máozédong zhuyì zhe nénggòu wèi nín yíngdé xià yi jiè dàxuan, yinci nín bù huì yinwèi zài 50 fen jun zhong wèi néng luxíng zhízé ér bèi chujué. View Quote https://www.bea.gov/news/2019/gross-domestic-product-industry-second-quarter-2019 |
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Facts are facts, This is the greatest economy & presidential administration this country has ever seen. You are a communist if you believe otherwise.
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ITT OP once again outs himself as a chicken little.
We just need some goldline posts to complete this one. |
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When a Republican is in Office, Liberals do everything that they can to destroy the Economy.
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Quoted:
Pure propaganda. Not worth unraveling. View Quote |
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Never Trump, we get it.
We got you three years ago during the election too. It's possible that there are so many jobs going without people that manufacturing is hurting due to the record unemployment numbers. |
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democrats are busy undermining his trade policies and promise to make great changes that favor other nations after they impeach Trump, why is this so frigging hard to understand ?
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Never Trump, we get it. We got you three years ago during the election too. It's possible that there are so many jobs going without people that manufacturing is hurting due to the record unemployment numbers. View Quote How did you "get me"? |
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Mining, retail trade, real estate, rental, leasing, utilities, professional scientific, and technical services all up ... whoa manufacturing!
14 of 22 industry groups contribute to a 2% increase in real GDP in one quarter ... whoa manufacturing is down. |
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Sounds like manufacturing becoming more efficient.
Agriculture became a much smaller share of our economy a few years back, because we got really good at it. |
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View Quote |
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Quoted:
https://www.bloombergquint.com/global-economics/manufacturing-is-now-smallest-share-of-u-s-economy-in-72-years Manufacturing made up 11% of gross domestic product in the second quarter, the smallest share in data going back to 1947 and down from 11.1% in the prior period, a Commerce Department report showed Tuesday. Figures before 2005 were for full years only. States like Pennsylvania and Wisconsin that helped him win in 2016 are now losing factory jobs amid a persistent trade war with China and a weaker global economy. Trump approval rating down to 40%. GDP growth 1.9% (China 6%). No wall. Bump stock ban. Support of suppressor ban. Trouble on the horizon. View Quote So OP why did you include this? |
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How dare the Commerce Department release a report that shows a decline in manufacturing! View Quote View All Quotes View All Quotes Quoted:
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Pure propaganda. Not worth unraveling. As well, I’d like to see a break down of manufacturing. You had some pretty big hitters going into a slow down. Boeing, GM, most defense manufacturers are slowing down due to the fact we’re pulling out of wars finally. Their subsidiaries will be slowing down. Flip side your report did show that mining and utilities are on the up and up. |
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I voted for a guy who wouldn't implement gun control and who would build a wall. Instead we have seen backdoor gun control and migrant surges. View Quote View All Quotes View All Quotes |
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Quoted:
https://www.bloombergquint.com/global-economics/manufacturing-is-now-smallest-share-of-u-s-economy-in-72-years Manufacturing made up 11% of gross domestic product in the second quarter, the smallest share in data going back to 1947 and down from 11.1% in the prior period, a Commerce Department report showed Tuesday. Figures before 2005 were for full years only. States like Pennsylvania and Wisconsin that helped him win in 2016 are now losing factory jobs amid a persistent trade war with China and a weaker global economy. Trump approval rating down to 40%. GDP growth 1.9% (China 6%). No wall. Bump stock ban. Support of suppressor ban. Trouble on the horizon. View Quote |
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Quoted:
Okay, report from Commerce Department: https://www.bea.gov/news/2019/gross-domestic-product-industry-second-quarter-2019 View Quote View All Quotes View All Quotes Quoted:
Quoted: Oh, the NYT! Well sure, I believe it NOW! Shit, why didn't you say so! ?? ETA: For the OP in his native language. A message of hope for him. ????????????????????,????????50?????????????? Wo xiwàng máozédong zhuyì zhe nénggòu wèi nín yíngdé xià yi jiè dàxuan, yinci nín bù huì yinwèi zài 50 fen jun zhong wèi néng luxíng zhízé ér bèi chujué. https://www.bea.gov/news/2019/gross-domestic-product-industry-second-quarter-2019 |
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It's hard to believe anything one reads these days. Data is always cherry picked to support what ever the author's agenda is. For all you know, the report represents the manufacturing of rotary dial telephones!
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All I know is orders from the smaller machine shops are up. This tends to indicate a solid manufacturing base.
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Quoted:
Who writes the laws? Who controls funding? View Quote View All Quotes View All Quotes |
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Our nation has one single person fighting against our corrupt congress douche bags and the rest of the globalists, if your too ignorant to realize that our President is fighting to restore American jobs then maybe the internet just isn’t for you....
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Quoted:
Our nation has one single person fighting against our corrupt congress douche bags and the rest of the globalists, if your too ignorant to realize that our President is fighting to restore American jobs then maybe the internet just isn’t for you.... View Quote |
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Quoted:
Quoted:
Our nation has one single person fighting against our corrupt congress douche bags and the rest of the globalists, if your too ignorant to realize that our President is fighting to restore American jobs then maybe the internet just isn’t for you.... |
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OP, you and Bloomberg either fail to understand the report or are merely spouting propaganda. The report doesn't show that manufacturing has decreased in our country at all.
What you and Bloomberg are citing is table 5a of the report "Value added by Industry Group as a percentage of GDP". If you look at the previous table 5, you'll see that overall GDP has increased again this quarter. So why in table 5a did manufacturing shrink by 0.1% in the second quarter? Because table 5a shows all industry groups as a share of 100%. Manufacturing decreased by 0.1 % because other sectors increased their share of GDP. |
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Everyone I know in manufacturing (which is a lot of people/companies) is slammed.
One factor that I have observed is that many shops are now doing the same work with 13-18 people that they used to do with 24-30 people. Parts are cheaper to make, as well. The net result is higher volume at a lower cost, so I would not be at all surprised to learn than total productivity is higher, even though the percentage of GDP may be down. Also, boosts to other sectors would naturally decrease percentage of GDP for manufacturing, even if manufacturing stayed consistent. I say this as someone who was opposed to the tariffs and expected a more significant impact. I was wrong and I can admit it. |
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Quoted:
https://www.bloombergquint.com/global-economics/manufacturing-is-now-smallest-share-of-u-s-economy-in-72-years Manufacturing made up 11% of gross domestic product in the second quarter, the smallest share in data going back to 1947 and down from 11.1% in the prior period, a Commerce Department report showed Tuesday. Figures before 2005 were for full years only. States like Pennsylvania and Wisconsin that helped him win in 2016 are now losing factory jobs amid a persistent trade war with China and a weaker global economy. Trump approval rating down to 40%. GDP growth 1.9% (China 6%). No wall. Bump stock ban. Support of suppressor ban. Trouble on the horizon. View Quote |
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Quoted:
OP, you and Bloomberg either fail to understand the report or are merely spouting propaganda. The report does show that manufacturing has decreased in our country at all. What you and Bloomberg are citing is table 5a of the report "Value added by Industry Group as a percentage of GDP". If you look at the previous table 5, you'll see that overall GDP has increased again this quarter. So why in table 5a did manufacturing shrink by 0.1% in the second quarter? Because table 5a shows all industry groups as a share of 100%. Manufacturing decreased by 0.1 % because other sectors increased their share of GDP. View Quote |
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