Primary Vision
  • HOME
  • ABOUT US
    • ABOUT US
    • PRIMARY VISION AI INNOVATIONS
  • RESEARCH
    • INSIGHTS & ARTICLES
    • FREE ARTICLES
  • EVENTS
  • PRESS
  • SUPPORT
  • FAQ
  • LATEST NEWS
  • LOGIN
  • SIGN UP!
    • FRAC SPREAD COUNT SIGN-UP!
    • ENTERPRISE SUBSCRIPTION PLAN SIGN UP!
  • HOME
  • ABOUT US
    • ABOUT US
    • PRIMARY VISION AI INNOVATIONS
  • RESEARCH
    • INSIGHTS & ARTICLES
    • FREE ARTICLES
  • EVENTS
  • PRESS
  • SUPPORT
  • FAQ
  • LATEST NEWS
  • LOGIN
  • SIGN UP!
    • FRAC SPREAD COUNT SIGN-UP!
    • ENTERPRISE SUBSCRIPTION PLAN SIGN UP!
No Result
View All Result
Primary Vision
Home Market Trends

MST: US Job Market Cooling Down

Osama Rizvi by Osama Rizvi
October 30, 2024
in Market Trends
0
MST: US Job Market Cooling Down

The latest U.S. economic indicators reflect a mixed landscape. Durable goods orders slipped by 0.8% in September, marking a second consecutive monthly decline, hinting at potential softening in capital investments. Job openings, as tracked by the JOLTS report, show a gradual descent, though they remain elevated by pre-pandemic standards. In fiscal terms, the deficit reached $1.8 trillion by September’s end—a stark increase, underscoring fiscal pressures despite consumer sentiment climbing to a six-month peak, bolstered by political optimism.

On energy, the U.S. is looking to bolster its Strategic Petroleum Reserve with up to 3 million barrels, a move reflecting cautious energy security planning amid uncertain global oil markets. Meanwhile, job openings fell more than expected in September, hitting levels unseen since January 2021. This could signal a cooling labor market ahead, adding further complexity to the economic outlook as consumer resilience faces off against macroeconomic headwinds.

China’s industrial sector experienced a 5.8% growth, with high-tech manufacturing outperforming at 9.1%, reflecting an intensifying shift toward advanced industries. Equipment manufacturing rose by 7.5%, supporting the broader industrial base, while total trade volume—spanning imports and exports—hit RMB 32.33 trillion (US$4.43 trillion), marking a 5.3% increase year-over-year. However, the economic picture is clouded by domestic challenges. Youth unemployment reached a striking 20%, while the wealth of China’s wealthiest 10% saw a significant decline, suggesting economic strain among top earners. Additionally, industrial profits saw their sharpest monthly decline this year, underscoring underlying profitability issues within China’s manufacturing landscape despite production growth. This mixed data signals both resilience in China’s industrial transformation efforts and challenges in wealth distribution and job creation, painting a complex picture of the nation’s economic stability and growth potential.

Eurozone indicators show a slight rebound but remain underwhelming. The factory PMI nudged up to 45.9 from 45.0, outpacing expectations but still deep in contraction territory. The composite PMI rose to 49.7 in October, just shy of the neutral 50 mark, hinting at persistent sluggishness. Germany’s service sector PMI slipped to 51.2 from 51.4, signaling stagnation in the bloc’s key industry. Meanwhile, Eurozone consumer confidence in November slightly improved to -18.3, beating forecasts yet still reflecting widespread caution. These incremental improvements are tempered by a broader trend of weak industrial output and low demand, underscoring the Eurozone’s ongoing economic struggles despite modest upticks in sentiment.


Previous Post

C6 INFRASTRUCTURE PARTNERS UPDATE SUMMARY: Q3, 2024

Next Post

ProPetro Holding: Q3 TAKE THREE

Related Posts

MMV: What is the connection between Frac Job Count and OPEC’s production? Enterprise Subscribers
Market Trends

MMV: What is the connection between Frac Job Count and OPEC’s production? Enterprise Subscribers

May 12, 2025
Liberty Energy’s Perspective in Q1: KEY Takeaways
Market Trends

Liberty Energy’s Perspective in Q1: KEY Takeaways

May 12, 2025
KLX Energy Services: Q1 TAKE THREE
Market Trends

KLX Energy Services: Q1 TAKE THREE

May 9, 2025
Nine Energy Service: Q1 TAKE THREE
Market Trends

Nine Energy Service: Q1 TAKE THREE

May 8, 2025
ProFrac Holding: Q1 TAKE THREE
Market Trends

ProFrac Holding: Q1 TAKE THREE

May 7, 2025
MST: Is China the Last Growth Pillar Left Standing?
Market Trends

MST: Is China the Last Growth Pillar Left Standing?

May 6, 2025
Next Post
ProPetro Holding: Q3 TAKE THREE

ProPetro Holding: Q3 TAKE THREE

Please login to join discussion

Recent News

MMV: What is the connection between Frac Job Count and OPEC’s production? Enterprise Subscribers

MMV: What is the connection between Frac Job Count and OPEC’s production? Enterprise Subscribers

May 12, 2025
Liberty Energy’s Perspective in Q1: KEY Takeaways

Liberty Energy’s Perspective in Q1: KEY Takeaways

May 12, 2025
KLX Energy Services: Q1 TAKE THREE

KLX Energy Services: Q1 TAKE THREE

May 9, 2025
Nine Energy Service: Q1 TAKE THREE

Nine Energy Service: Q1 TAKE THREE

May 8, 2025
ProFrac Holding: Q1 TAKE THREE

ProFrac Holding: Q1 TAKE THREE

May 7, 2025
Primary Vision

Established in 2011, we are renowned for our expert frac data and analytics, providing a rich array of unique indicators and industry commentary.

CONTACT

+1-713-554-4977
info@primaryvision.co

SOCIAL NETWORKS

POLICIES

Privacy Policy
Terms of Use

PARTNERS

Amazon Web Services

TRUSTED SITES

Logo

Logo

RECENT NEWS

MMV: What is the connection between Frac Job Count and OPEC’s production? Enterprise Subscribers

MMV: What is the connection between Frac Job Count and OPEC’s production? Enterprise Subscribers

May 12, 2025
Liberty Energy’s Perspective in Q1: KEY Takeaways

Liberty Energy’s Perspective in Q1: KEY Takeaways

May 12, 2025
KLX Energy Services: Q1 TAKE THREE

KLX Energy Services: Q1 TAKE THREE

May 9, 2025
Nine Energy Service: Q1 TAKE THREE

Nine Energy Service: Q1 TAKE THREE

May 8, 2025
ProFrac Holding: Q1 TAKE THREE

ProFrac Holding: Q1 TAKE THREE

May 7, 2025
  • HOME
  • ABOUT US
  • RESEARCH
  • EVENTS
  • PRESS
  • SUPPORT
  • FAQ
  • LATEST NEWS
  • LOGIN
  • SIGN UP!

© 2025 Primary Vision. All rights reserved.

  • HOME
  • ABOUT US
    • ABOUT US
    • PRIMARY VISION AI INNOVATIONS
  • RESEARCH
    • INSIGHTS & ARTICLES
    • FREE ARTICLES
  • EVENTS
  • PRESS
  • SUPPORT
  • FAQ
  • LATEST NEWS
  • LOGIN
  • SIGN UP!
    • FRAC SPREAD COUNT SIGN-UP!
    • ENTERPRISE SUBSCRIPTION PLAN SIGN UP!

© 2025 Primary Vision. All rights reserved.