U.S. factory orders show biggest gain in 9 years

[HughMoran]

Surprise 1.3 percent jump in March shows manufacturers fueling recovery

By Martin Crutsinger
updated 17 minutes ago

WASHINGTON - Orders to U.S. factories rose a surprising 1.3 percent in March with widespread gains in many industries offsetting a big drop in commercial aircraft.

Outside of the volatile transportation category, factory orders were up by the largest amount in more than nine years, further evidence that U.S. manufacturers are turning into the standout performers for this recovery.

The Commerce Department said that total factory orders rose 1.3 percent in March, much better than the 0.1 percent decline analysts had expected. Excluding transportation, orders were up a sizable 3.1 percent, the biggest gain since August 2005.
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Current crises aside, the biggest factor in this falls election will be the economy.

[SocialistLez]

1. I wonder how the Chinese, Thai, Mexican, etc. factories are doing...

Anyone seen our trade deficit?

[HughMoran]

12. Call them and ask.

[DCBob]

13. Probably humming with $1/hr wages..

I wonder if US workers are willing to work for that so we can close the trade deficit?

[Zynx]

14. Outside of petroleum it really isn't that high.

[Kdillard]

2. That is good news. Hopefully stronger jobs report will follow in the next few months.

[Clio the Leo]

3. And when it does...

.... will the MSM make as big of a deal about the WH being right in their prediction that "we'd see job growth by spring" as they did about them being wrong about jobless rate not going above 8%?

Of course we wont.

[unpossibles]

4. right

And I'm sure all of the pundits who are blaming Bush's economy on Obama (yet somehow blamed it on Clinton too...) will come forth and apologize for being wrong.

[Clio the Leo]

6. The NYC car bomber suspect's home was in foreclosure...

... or his former home was ... heck, lets blame * for the failed attempt.

Two can play at that game right?

[Kdillard]

5. It will not be mentioned at all. So Dems better make sure they mention it themselves.

I am also hoping the media gets a big shock in November or at least aren't able to do any more damage because they are really shilling for Dem losses.

[Clio the Leo]

7. Just as it's hardly being mentioned here...

... by those who were predicting either no improvement or a double dip.

But I dont mind the silence so much. :)

[Tarheel_Dem]

8. Isn't this good news? I thought so. Go figure....K&R....(nt)

[dmallind]

9. How can US factory orders jump at all?

I have it on reliable and repeated DU authority that we don't make anything any more.

[ClarkUSA]

11. Yeah, I thought the economy was doomed under Pres. Obama. Guess his naysayers are full of shit. n/t

[ClarkUSA]

10. This is excellent news that confirms Pres. Obama, Geithner and Sommers are doing a great job.

Thanks for offering good hard economic facts, as always.

:yourock:

[ipaint]

15. Only 30 more years to go.

"Manufacturing employment in the U.S. peaked in June 1979 with 19,553,000 jobs (data here), and by July of this year manufacturing employment had fallen to 11,817,000, the lowest level of manufacturing jobs since April 1941 (see chart above).

As a percent of the total labor force, manufacturing employment fell below 9% in July (see chart below), the lowest level in BLS history (back to 1939)."

charts at link-

http://mjperry.blogspot.com/2009/08/manufacturing-employment-drops-to.html

[Kingofalldems]

16. Kick this for the sneaky freepers