From the Bureau of Labor Statistics (BLS) – and commentary by media across the left-right media spectrum – the word heard is a surprisingly strong showing for new jobs, and labor force participation rates. On a day that most markets rose, and there were more gainers then losers for manufactured housing industry tracked stocks, our focus will be the new labor numbers for January. Surprising. Impressive.
If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further below, after the newsmaker bullets and major indexes closing tickers.
The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets. Headlines – at home and abroad – often move the markets. So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©
Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy readers time, while underscoring topics that may be moving investors, which in turn move the markets.
Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.
This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” © It is fascinating to see just how similar, and different, these two lists of headlines can be.
Want to know more about the left-right media divide from third party research? ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.
Select bullets from CNN Money…
- GM is shedding jobs
- General Motors is laying off about 4,000 salaried staff starting Monday
- Hiring boomed in January
- Stock finish Friday mixed after strong jobs report
- The S&P 500 is up 19% since Trump was inaugurated
- In the age of streaming, the Super Bowl proves that TV is still king
- How a game 50 years ago came to define the Super Bowl as we know it
- Manufacturing sector rebounded sharply in January
- Uber prices go up in NYC as new driver minimum wage law takes effect
- PERSPECTIVES US-China problems run deeper than any trade deal
- Fix for FaceTime bug won’t be ready until next week
- Walmart is changing its sick leave policy, and will pay bonuses for good attendance
- Vice to lay off 10% of workforce
- Just got laid off? Do these 5 things before you leave
- Shopping Content by CNN Underscored
- Learn basic coding with this beginner-friendly course bundle
- TIMELINE Facebook at 15: How a college experiment changed the world
- Foxconn says it will build flat screens in Wisconsin after Trump call
- Pepsi is using the Super Bowl to spotlight seltzer
- BP will link bonuses to global climate goals
- Solar and wind are booming, while coal keeps shrinking
- America’s oil boom is terrible for the earth
- Investors are waking up to dangers of climate change
- New York’s secret weapon against big storms? Oysters
- Watch the 2019 Super Bowl commercials before they air
- The QB to watch this Sunday: Tony Romo
- The biggest Super Bowl rivalry right now is Coke vs. Pepsi
- Cannabis company says CBS won’t air its Super Bowl ad
- The reason why Super Bowl ads are worth it
Select Bullets from Fox Business…
- Foxconn recommits to $10B Wisconsin plant after call from Trump
- US added a stellar 312,000 jobs in December, as more jobseekers pushed up unemployment rate to 3.9 percent
- Amazon, Walmart shares hit after India bans thousands of products
- The move comes as new e-commerce rules for the country went into effect Friday.
- Medicare for all, is Medicare for none: HHS Secretary Alex Azar
- Hottest in-demand jobs with good pay
- GM will start laying off 4,000 employees on Monday: Report
- Jeff Bezos, Warren Buffett among Bernie Sanders’ estate tax targets
- 401(k) ‘millionaires’ see accounts drop to six-figures
- More retail bankruptcies likely coming in 2019, top mall CEO warns
- This state now has the most millionaires per capita than any other
- For the first time since 2010, Maryland loses its No. 1 spot.
- Super Bowl: Will Chick-fil-A at Mercedes-Benz Stadium be open on Sunday?
- Super Bowl rings: Fun facts on cost, history and more
- Super Bowl: Atlanta Falcons owner reveals why Mercedes Benz Stadium concession prices are cheap
- John Paul DeJoria: Why billionaire has become a dirty word
- Kudlow: Taxing rich Americans is a lose, lose for innovation, investment
- Citgo considers bankruptcy amid Venezuela turmoil: Report
- As Democrats propose tax hikes, Sweden is pushing cuts
- Howard Schultz ‘freaked out’ by Democratic backlash to independent presidential run, as he weighs bid
- S&P 500 posts best January since ’87, Dow best since ’89
- Social Security expansion push gaining steam among Democrats
- Bernie Sanders to propose significant wealth tax expansion
- Honeywell profit beats; forecasts strong full-year earnings
- The crippling weight of America’s rising socialism[overlay type]
- The crippling weight of America’s rising socialism
- As we head into Super Bowl LIII, DOJ fumbles on online gambling ban
- Trish Regan: The alt-left wants to reinvent our economy into a socialist system
- When taking Social Security at 62 could be wise
Today’s markets and stocks, at the closing bell…
Manufactured Housing Composite Value (MHCV)
Today’s Big Movers
For all the scores and highlights on tracked manufactured home connected stocks today, see the Bloomberg graphic, posted below.
Today’s MH Market Spotlight Report –
Labor Force Participation at Trump-Era High of 63.2% in January
The Labor Department’s Bureau of Labor Statistics (BLS) said the economy added 304,000 jobs last month, higher than analysts were expecting, said the BLS, CNSNews, CNBC, Fox Business, and others.
- Number of employed Americans, 156,694,000, slightly below last month’s record (156,945,000), and the unemployment rate increased a tenth of a point to 4.0 percent. That was influenced by the partial federal shutdown.
- But labor force participation rate increased a tenth of a point to 63.2 percent — the highest it’s been on President Trump’s watch.
- Civilian noninstitutionalized population, consisting of all people age 16 or older who were not in the military or an institution, reached 258,239,000. That’s lower than last month. Of those, 163,229,000 participated in the labor force by either holding a job or actively seeking one.
- The 163,229,000 who participated in the labor force equaled 63.2 percent of the 258,239,000 civilian noninstitutionalized population.
- Labor force participation rate was 62.9 percent when Trump took office, and has showed little change since, as retiring baby boomers offset additions to the nation’s workforce.
- In a report released last week, the Congressional Budget Office (CBO) said it expects the labor force participation rate to stay about where it is now for the foreseeable future. The highest ever recorded in the modern era was 67.3 percent in 2000, when it began its steady downward drift.
Wages continued rising in January, with average hourly earnings for all employees on private nonfarm payrolls rose over the year, average hourly earnings increased by 85 cents, or 3.2 percent. That’s the best in years.
Bloomberg Closing Ticker for MHProNews…
NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.
NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.
NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.
LCI Industries, Patrick, UFPI and LP all supply manufactured housing.
AMG, CG and TAVFX have investments in manufactured housing related businesses.
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.