street is this is basically a speed bump in terms of the economic picture and hopefully it will get towards proper recovery. but i think that it is more like someone is driving through a landscape ripped up by potholes, and you are navigating around it. because what you are really seeing is that the pandemic turned so many things upside down in the american economy that essentially getting back to anything like normality is an incredibly uneven process. and some parts of the job report while encouraging, the jump in demand for i.t. workers, construction doing well, some parts of the jobs report were disappointing like the educational aspect because it seems that schools are not hiring as many teachers. but although the payroll numbers are disappointing, household survey actually points to a much more optimistic picture and if you look at the actual
have come across high time to. 0k, we appreciate you being other programme, graham bell, chief executive of world of books group. before i say goodbye let s look at the financial markets briefly. just to see how things have gone today. this is a mixed picture in asia but on the whole a positive one. we didn t have any action on wall street on monday, markets were closed for a public holiday, as well as here in the uk. a long weekend for many. in terms of what is on the minds of investors, a lot of focus on the us at the end of this week, the event will be us payroll numbers out on friday. that is how the main markets in the us ended the month of may. the snp just a high, another strong month for markets mecca snp, a record deal strong month. the price of gold is fighting at a
February PMI manufacturing at 57.5, showing another improvement
March 01, 2021
Employment, inflation still concerns
Manufacturing sector continues to record good performance as the Purchasing Managers’ Index (PMI) clocked 57.5 in February, almost similar to 57.7 recorded in January. However, the employment problem is still not out of the woods as payroll numbers saw a decline for the eleventh successive month. Also, cost inflation has seen a surge.
Manufacturing sector has a share of around 15 per cent in gross domestic product (GDP). It is one of key sources of employment.
Commenting on the latest PMI number, Pollyanna De Lima, Economics Associate Director at IHS Markit, said that Indian goods producers reported a healthy inflow of new orders in February, a situation that underpinned a further upturn in output and quantity of purchases. Still, “the data indicated that production growth could have been stronger should firms have appropriate resources to handle their workload
really paying attention to the economic messaging of the likes of elizabeth warren versus someone like joe biden. they will be on the same stage for the first time in a few days. looking at those economic numbers and how it s worked for president trump. you had a job numbers that missed. payroll numbers was a big win. those numbers were strong. how should the economy be framed if you re a democratic candidate running for office? how does the message change, if at all this week? i think you re going to see some continuation what we ve seen on the road from kamala harris. republicans are not focusing on the economy and the stock market. there s a lot of nuance in the argument. so of course we re not in the recession. that s good for the entire country. the looming forecast of a possible recession on the horizon, something that democrats will be doubling down
remains significant in tokyo the nikkei index lost more than two percent in hong kong the main index there the hong song fell one point five percent. and let s talk more about these economic indicators with our financial correspondent new york jose luis de haro jose this u.s. jobs report what does it really tell us about the u.s. economy. basically stephen the us is entering into the latest stages of the economic cycle one of the longest in history and it s doing it so with the tell you tight labor market has provided falling unemployment rate and increasing our lead salaries but now we need to wait and see to conclude if ever recent week a payroll numbers are just an unexploded or a trend those who believe the labor market is still a strong point out for example factory seasonality or defect that the unemployment rate that includes those who have been looking for a job more than six months old those with a temporary one but the one thousand are full time job is the lowest since two