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.
By Todd Sullivan of Value Plays……
Voss Capital is long Nintendo, Avid and Extreme Networks despite “Software bubble”
Voss Capital's Voss Value Fund was up 19.91% for the third quarter, while the firm's Voss Value Offshore Fund was up 19.88%. Both funds are now in the green for this year after erasing the damage that was done in March. Year to date, the Voss Value Fund is up 2.41%, while the Voss Value Read More