Industrial Production in U.S. Jumps on Rebound From Sandy

[bemildred]

Output at factories, mines and utilities increased 1.1 percent last month after a revised 0.7 percent drop in October that was more than initially estimated, the Federal Reserve reported today in Washington. Economists forecast a 0.3 percent advance, according to the Bloomberg survey median. Manufacturing, about 75 percent of production, surged 1.1 percent in November, the most this year.

http://www.bloomberg.com/news/2012-12-14/industrial-production-in-u-s-jumps-on-rebound-from-sandy.html

[jtuck004]

1. Great news for factory owners, a few others, but perhaps not so much for jobs.

From the Dec BLS summary

"Manufacturing employment changed little over the month. Within the industry, job losses
in food manufacturing (-12,000) and chemicals (-9,000) more than offset gains in motor
vehicles and parts (+10,000) and wood products (+3,000). On net, manufacturing employment
has changed little since this past spring."

Mining showed a -2000 net jobs over the past 3 months.



Thank you for the post.