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10 matches for " gm strike":
The GM strike will make itself felt in the September industrial production data, due today.
We look for a 150K increase in September payrolls, rather better than the August 130K headline number, which was flattered by a 28K increase in federal government jobs, likely due to hiring for the 2020 Census.
Today's wave of data will bring new information on the industrial sector, consumers, the labor market, and housing, as well as revisions to the third quarter GDP numbers.
In one line: Depressed by the GM strike, but the underlying picture is grim too, and still deteriorating.
In one line: Wrecked by the GM strike, but the underlying picture is soft too.
The contrast between November's very modest 67K ADP private payroll number and the surprising 254K official reading was startling, even when the 46K boost to the latter from returning GM strikers is stripped out.
The unexpectedly robust 128K increase in October payrolls--about 175K when the GM strikers are added back in--and the 98K aggregate upward revision to August and September change our picture of the labor market in the late summer and early fall.
October payrolls were stronger than we expected, rising 128K, despite a 46K hit from the GM strike.
The November industrial production numbers will be dominated by the rebound in auto production following the end of the GM strike.
In one line: Likely overstating the official number, which will be hit by the GM strike.
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