That’s what I hear from family members in related industries, too- supply chain issues are really throwing a wrench in the works of recovery.
By chance, have they mentioned specific items/materials -- that you wouldn't mind disclosing?
Yes, specifically mentioned was rare earth minerals used in hvac processes, and also basically any intermediate or end product used in hvac coming from China.
By chance, have they mentioned specific items/materials -- that you wouldn't mind disclosing?
Yes, specifically mentioned was rare earth minerals used in hvac processes, and also basically any intermediate or end product used in hvac coming from China.
On a numismatic note, it's unfortunate that we are so nostalgic about the penny. The US is sitting on a nice small hoard of 95% copper (in the form of pre-1982 cents). Added bonus is the metal content is almost 3x the face value.
Canada started melting down theirs almost a decade ago.
Leave it to Brietbart to call 330,000 new jobs a "disaster." That's more jobs created in any month during Trump's 48 attempts.
Don't let details confuse you, Icarus. Just keep being a troll and only look at things through the Trumpsucks filters. Did you borrow those goggles from Some Schmo?
That was less than half of the 680,000 forecast by analysts, according to Econoday. June’s estimate was revised down to 680,000 from the initial estimate of 692,000.
July’s job growth was the smallest gain in ADP’s estimates since February.
Did you even take economics in college?
Forecasts aren't synonymous with "what it's supposed to be." They're just forecasts, and they're wrong more often than not, and they're adjusted up or down usually a month later.
Glancing through the ADP report, and it looks like over a 3rd of the growth was in fun-time (hospitality/leisure). That seems somewhat counter-intuitive (to me) based on the delta-variant fears.
Also, only 1,000 jobs in construction(?!?). Based on housing alone, I’m having a really hard time wrapping my head around that low of a number. The only thing I can think of is that supply-chain problems are causing a much larger bottleneck than many realize.
There has been a shortage in materials for quite some time now. This isn't really news though.
Between April and August of 2020, the price of lumber literally tripled. It doubled again in May but dropped 40% in June, but we're still at very high prices due to high demand.
Not really. USA is responsible for roughly .4% of all iron imports. There are more than a dozen other countries that import more iron ore than we do. China's imports account for a whopping 75%.