Last updateWed, 21 Mar 2018 8pm


U.S. Adds 228,000 Jobs in November

Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1%, the U.S. Department of Labor reported today. Employment continued to trend up in professional and business services, manufacturing and health care.

In November, manufacturing added 31,000 jobs. Within the industry, employment rose in machinery (+8,000), fabricated metal products (+7,000), computer and electronic products (+4,000), and plastics and rubber products (+4,000). Since a recent low in November 2016, manufacturing employment has increased by 189,000. 

Manufacturing PMI at 58.2% in November

Manufacturing expanded in November as the PMI registered 58.2%, a decrease of 0.5% from the October reading of 58.7%. A reading above 50% indicates that the manufacturing economy is generally expanding.

"This indicates growth in manufacturing for the 15th consecutive month led by expansion in new orders and production, offset by supplier delivery improvement and declines in raw material inventory," says Timothy R. Fiore, chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee. 

U.S. Factory Orders Down Slightly in October

New orders for manufactured goods in October, down following two consecutive monthly increases, decreased $0.3 billion or 0.1% to $479.6 billion, the U.S. Department of Commerce reported. This followed a 1.7% September increase. Shipments, up ten of the last eleven months, increased $2.7 billion or 0.6% to $484.2 billion. This followed a 1.1% September increase. Unfilled orders, down three of the last four months, decreased $0.2 billion or virtually unchanged to $1,135.1 billion. This followed a 0.3% September increase. The unfilled orders-to-shipments ratio was 6.68, unchanged from September. Inventories, up eleven of the last twelve months, increased $1.2 billion or 0.2% to $661.6 billion. This followed a 0.6% September increase. The inventories-to-shipments ratio was 1.37, unchanged from September. 

MAPI Forecasts a Moderate Manufacturing Outlook

The Manufacturers Alliance for Productivity and Innovation (MAPI) Foundation has released its fourth quarter forecast for 2017. MAPI currently projects that U.S. GDP growth will average 2.1% between 2017 and 2021, slightly slower than the 2.2% average for the 2017-2020 period projected in a September report. The acceleration in global economic growth that began in late 2016 looks increasingly sustainable. A marked improvement in economic activity is becoming apparent in regions that matter to U.S. manufacturing prospects, including East Asia, the Eurozone, and Canada. This report offers a range of scenarios for U.S. manufacturing growth through 2021 of between 1.2 % and 1.8 %. 

Fed Beige Book: Manufacturers Continue to Expect Growth

Economic activity continued to increase at a modest to moderate pace in October and mid-November, according to anecdotal reports from contacts across the 12 Federal Reserve Districts. On balance, manufacturing activity continued at a modest pace of growth, but signs of a slowdown emerged. Firms reporting increases in new orders and shipments fell compared with the prior period. Generally, manufacturing contacts continued to expect growth over the next six months.

The makers of paper products, chemicals, primary metal products, fabricated metal products, and industrial machinery continued to note gains in new orders and shipments; firms in the lumber and electronic equipment sectors reported declines in activity. 



• Print magazine
Digital magazine
• VALVE eNews
Read the latest issue

*to qualified valve professionals in the U.S./Canada


Looking for a career in the Valve Industry?

ValveCareers Horiz

To learn more, watch the videos below or visit ValveCareers.com a special initiative of the Valve Manufacturers Association

  • Latest Post

  • Popular

  • Links

  • Events

New Products