Ridin' with Biden
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The President Donald Trump Teleprompter Greatest Hits | All In | MSNBC
https://www.cnbc.com/2021/04/01/ism-manufacturing-march-2021.html
U.S. manufacturing sector index races to 37-year high in March
The Institute for Supply Management (ISM) said on Thursday its index of national factory activity jumped to a reading of 64.7 last month from 60.8 in February. That was the highest level since December 1983.
A reading above 50 indicates expansion in manufacturing, which accounts for 11.9% of the U.S. economy. Economists polled by Reuters had forecast the index rising to 61.3 in March. The year-long Covid-19 pandemic has boosted demand for goods.
Economic growth is expected take off this year, juiced up by the White House’s massive $1.9 trillion pandemic relief package and the reopening of nonessential businesses as more Americans are vaccinated against the coronavirus.
The relief package passed last month is sending additional $1,400 checks to qualified households and extending the government safety net for the unemployed through Sept. 6. Households have also accumulated about $19 trillion in excess savings, which are expected to fuel pent-up demand.
President Joe Biden on Wednesday unveiled a plan to spend roughly $2 trillion on infrastructure like roads and bridges over 10 years.
First-quarter gross domestic product estimates are as high as a 10.0% annualized rate. The economy grew at a 4.3% pace in the fourth quarter. Growth this year could top 7%, which would be the fastest since 1984. The economy contracted 3.5% in 2020, the worst performance in 74 years.
But the massive fiscal stimulus could leave the economy pushing against domestic capacity constraints and fan inflation. Suppliers are already struggling to deliver materials to manufacturers, pushing up production costs. That has been most evident in the automobile industry, where a global semiconductor chip shortage has forced cuts in production.
The ISM survey’s measure of prices paid by manufacturers last month hovered near its highest since July 2008.
Its forward-looking new orders sub-index jumped to 68.0 in March. That was the highest reading since January 2004 and was up from 64.8 in February. Factories also received more export orders, while order backlogs swelled.
There is room for further expansion, with inventories at manufacturers and their clients still lean. With demand robust, factories hired more workers in March. The survey’s manufacturing employment gauge shot up to 59.6, the highest reading since February 2018, from 54.4 in February.
That supports expectations for a sharp acceleration in employment growth in March. According to a Reuters survey of economists, nonfarm payrolls likely increased by 647,000 jobs last month after rising by 379,000 in February. The government is due to publish March’s employment report on Friday.
U.S. manufacturing sector index races to 37-year high in March
- The Institute for Supply Management (ISM) said on Thursday its index of national factory activity jumped to a reading of 64.7 last month from 60.8 in February.
- That was the highest level since December 1983.
- A reading above 50 indicates expansion in manufacturing, which accounts for 11.9% of the U.S. economy.
The Institute for Supply Management (ISM) said on Thursday its index of national factory activity jumped to a reading of 64.7 last month from 60.8 in February. That was the highest level since December 1983.
A reading above 50 indicates expansion in manufacturing, which accounts for 11.9% of the U.S. economy. Economists polled by Reuters had forecast the index rising to 61.3 in March. The year-long Covid-19 pandemic has boosted demand for goods.
Economic growth is expected take off this year, juiced up by the White House’s massive $1.9 trillion pandemic relief package and the reopening of nonessential businesses as more Americans are vaccinated against the coronavirus.
The relief package passed last month is sending additional $1,400 checks to qualified households and extending the government safety net for the unemployed through Sept. 6. Households have also accumulated about $19 trillion in excess savings, which are expected to fuel pent-up demand.
President Joe Biden on Wednesday unveiled a plan to spend roughly $2 trillion on infrastructure like roads and bridges over 10 years.
First-quarter gross domestic product estimates are as high as a 10.0% annualized rate. The economy grew at a 4.3% pace in the fourth quarter. Growth this year could top 7%, which would be the fastest since 1984. The economy contracted 3.5% in 2020, the worst performance in 74 years.
But the massive fiscal stimulus could leave the economy pushing against domestic capacity constraints and fan inflation. Suppliers are already struggling to deliver materials to manufacturers, pushing up production costs. That has been most evident in the automobile industry, where a global semiconductor chip shortage has forced cuts in production.
The ISM survey’s measure of prices paid by manufacturers last month hovered near its highest since July 2008.
Its forward-looking new orders sub-index jumped to 68.0 in March. That was the highest reading since January 2004 and was up from 64.8 in February. Factories also received more export orders, while order backlogs swelled.
There is room for further expansion, with inventories at manufacturers and their clients still lean. With demand robust, factories hired more workers in March. The survey’s manufacturing employment gauge shot up to 59.6, the highest reading since February 2018, from 54.4 in February.
That supports expectations for a sharp acceleration in employment growth in March. According to a Reuters survey of economists, nonfarm payrolls likely increased by 647,000 jobs last month after rising by 379,000 in February. The government is due to publish March’s employment report on Friday.
WASHINGTON (Reuters) - U.S. President Joe Biden would be willing to push through his $2 trillion infrastructure plan without the support of Republican lawmakers if he cannot reach a bipartisan deal, Energy Secretary Jennifer Granholm said on Sunday.
Granholm said Biden would prefer that his plan have Republican backing but, if that does not work, he would likely support using a procedural strategy called reconciliation to allow Democrats to pass it in the Senate.
"As he has said, he was sent to the presidency to do a job for America. And if the vast majority of Americans, Democrats and Republicans, across the country support spending on our country and not allowing us to lose the race globally, then he's going to do that," Granholm said on CNN's "State of the Union."
https://news.yahoo.com/biden-white-...s-jayapal-omar-menendez-durbin-200735430.html
Congressional Democrats blast 'unconscionable' Biden decision capping refugee admittance
Congressional Democrats blast 'unconscionable' Biden decision capping refugee admittance
No balls or backbone Biden strikes again. It is obvious to why Biden has submitted to Putin. Biden is Putin's liitle bitch.
Biden has no qualities of a leader. We need real leadership in the country not bendover Biden that bends over for anyone that complains.
