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U.S. manufacturing jobs at risk as demand slows

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U.S. manufacturing jobs at risk as demand slows

Post by Guest on Tue Nov 01, 2011 8:16 am

Nagging high unemployment in the United States, which held steady at 9.1 percent in September, has depleted spendable income. Concerns about the country's economic future have further depressed consumer sentiment.

And just as repercussions from Whirlpool's actions can spread across an Arkansas town, analysts have said investors should brace for weakness to spread to other manufacturers in the United States.

So far this earnings season, a number of manufacturers that rely on consumer demand, like Whirlpool, air conditioner maker Ingersoll Rand Plc and 3M Co, which makes components for LCD televisions, have cut their financial forecasts.

Makers of highly engineered industrial equipment, such as United Technologies Corp, Boeing Co and Caterpillar Inc, have fared better because of demand from markets like China, India and Russia. But now, even those economies are slowing down.


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Re: U.S. manufacturing jobs at risk as demand slows

Post by Jobless_in_Ma on Tue Nov 01, 2011 9:53 am

This should come as no surprise. People do not have extra money for big ticket items like that. As this depression continues more and more manufacturers will be forced to cut more jobs.
This is another reason why extending unemployment benefits is a MUST. Failure to do so would ultimately lead to our demise.

Thanks to all members for participating in the discussions.

Posts : 2348
Join date : 2011-02-16
Age : 44
Location : Ma

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Re: U.S. manufacturing jobs at risk as demand slows

Post by Guest on Tue Nov 01, 2011 11:17 am

I fail to see why they refuse to listen to the economists and all reporting agencies when it comes to the unemployed and the 99ers and the effect it has on spending and consumer confidence. It's been three years and they still don't get it. They won't even listen to the polls telling them people want the American Jobs Act, Smaller Banks, more oversight, most importantly JOBS.

They refuse to see the occupy movement for what it is, and I hope they are not shocked when those whose seats are up in the next election are booted. I really believe, regardless of polling, this isn't going to be about making the President a one term President, it's going to be about incumbents. And they will all be shocked! as usual, because they didn't see it coming.


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