American Economics Thread

[gelgoog]

Summary of the whole 737 MAX debacle.

 

[FairAndUnbiased]

I'm told that this is the best economy ever and anyone who disagrees is a Chinese Hamas paid by Putin.

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[henrik]

Intel delays $20 bln Ohio project, citing slow chip market - WSJ​

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[martinwagner]

Last year was brutal for the tech sector with 1,186 companies laying off about 262,242 employees in 2023.

Analysts are saying that this will not be a repeat of last year, even more job cuts are expected in the coming months.

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"Learn plumbing" is gonna be the new meme

 

[ansy1968]

Intel delays $20 bln Ohio project, citing slow chip market - WSJ​

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And Of course there is TSMC Arizona FAB 4, an easy prey, for sure it will be sold for a penny as the promise subsidies will be delayed or never be release.

 

[SlothmanAllen]

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Nonfarm payrolls expanded by 353,000 for the month, better than the Dow Jones estimate for 185,000. The unemployment rate held at 3.7%, against the estimate for 3.8%.

Job growth was widespread in January, led by professional and business services with 74,000. Other significant contributors included health care (70,000) and retail trade (45,000).

Wage growth also showed strength, as average hourly earnings increased 0.6%, double the monthly estimate. On a year-over-year basis, wages jumped 4.5%, well above the 4.1% forecast. The wage gains came amid a decline in average hours worked, down to 34.1, or 0.2 hour lower for the month.

Job growth was widespread on the month, led by professional and business services with 74,000. Other significant contributors included health care (70,000), retail trade (45,000), government (36,000), social assistance (30,000) and manufacturing (23,000).

The report also indicated that December’s job gains were much better than originally reported. The month posted a gain of 333,000, which was an upward revision of 117,000 from the initial estimate. November also was revised up, to 182,000, or 9,000 higher than the last estimate.

 

[Michaelsinodef]

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Do people still believe in these numbers lol?

Like, haven't US been revising down by some 10-30% after like 3 months or so? Not to mention, even the much vaunted high tech industry has been laying off quite a lot of people in recent time (1-3 months).

 

[chgough34]

Like, haven't US been revising down by some 10-30% after like 3 months or so?

Payrolls were revised up by 150K for the prior two months.

Not to mention, even the much vaunted high tech industry has been laying off quite a lot of people in recent time (1-3 months).

The vaunted high tech sector is 1-3% of US payrolls (depending on what you define as high tech).

 

[Michaelsinodef]

Payrolls were revised up by 150K for the prior two months.

The vaunted high tech sector is 1-3% of US payrolls (depending on what you define as high tech).

> prior 2 months.

For most of 2023, it always got revised down, by quite a lot as well.

 

[chgough34]

> prior 2 months.

For most of 2023, it always got revised down, by quite a lot as well.

Yeah Covid ruined all the seasonal adjustments. Moving averages all got wrekt beyond belief