Manufacturing One Hit Wonder is Over, Jobs Up a Modest 145,000

by Mike ‘Mish’ Shedlock
Mish Talk

After a manufacturing surge in November due to the end of the GM strike, the manufacturing sector shrank by 12,000.

Initial Reaction

Jobs came in worse than expected. ADP forecast a 202,000 jobs.The Bloomberg consensus was 157,000 jobs.

The GM strike ended last month causing a huge surge in manufacturing and auto parts jobs in November. For December, manufacturing unexpectedly fell by 12,000 jobs.Manufacturing was a one-hit, no-wonder, in this corner.

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