US Manufacturing Sees 1st Sustained Rise Since 1998

US Manufacturing Employment is undergoing a reemergence from the historic lows seen Dec 2009. Since then 472,000 additional individuals are working in manufacturing jobs and the term heard often is the implementation of “Lean Mfg” to make US firms globally competitive-Chart 1. This occurs as the cost advantages from sourcing goods overseas have turned this advantage to favor the US. The Establishment Survey reports higher manufacturing employment than that from ADP because ADP does not count those companies which report to the Bureau of Labor which do not use ADP services. One can infer that the smaller manufacturers are responsible for greater levels of hiring than larger companies as has been seen in other data trends.

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By Todd Sullivan of Value Plays……




About the Author

valueplays
Todd Sullivan is a Massachusetts-based value investor and a General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. He holds them until that value is realized or the fundamentals change in a way that no longer support his thesis. His blog features his various ideas and commentary and he updates readers on their progress in a timely fashion. His commentary has been seen in the online versions of the Wall St. Journal, New York Times, CNN Money, Business Week, Crain’s NY, Kiplingers and other publications. He has also appeared on Fox Business News & Fox News and is a RealMoney.com contributor. His commentary on Starbucks during 2008 was recently quoted by its Founder Howard Schultz in his recent book “Onward”. In 2011 he was asked to present an investment idea at Bill Ackman’s “Harbor Investment Conference”.