The U.S. manufacturing industry shed 26,000 jobs in November, according to the latest ADP National Employment Report, which underscored continued challenges for America’s factories despite some emerging signs of stabilization in other recent manufacturing activity reports.
Private employers in the United States added a total of 146,000 jobs last month, according to the ADP report, released on Dec. 4. The overall figure was lower than analysts’ prediction for 150,000 new positions, with weakness evident in goods-producing industries, which saw a net gain of just 6,000 new positions last month.
“While overall growth for the month was healthy, industry performance was mixed,” Nela Richardson, ADP chief economist, said in a statement. “Manufacturing was the weakest we’ve seen since spring. Financial services and leisure and hospitality were also soft.”
The construction sector added 30,000 jobs in November, and the mining and natural resources industry saw headcount rise by 2,000. However, manufacturing lost 26,000 jobs, extending October’s loss of 19,000 factory positions and highlighting the ongoing contraction in the ailing sector.
The latest manufacturing activity report from the Institute of Supply Management (ISM) showed that in November the sector contracted for the eighth consecutive month and the twenty-fourth time in the last 25 months. […]
— Read More: www.theepochtimes.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
