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US Factories Cut 26,000 Jobs in November as Manufacturing Woes Persist

by The Epoch Times
December 5, 2024
in Aggregated, News
US Factories Cut 26,000 Jobs in November as Manufacturing Woes Persist

The U.S. manufacturing industry shed 26,000 jobs in November, according to the latest ADP National Employment Report, which underscored continued challenges for America’s factories despite some emerging signs of stabilization in other recent manufacturing activity reports.

Private employers in the United States added a total of 146,000 jobs last month, according to the ADP report, released on Dec. 4. The overall figure was lower than analysts’ prediction for 150,000 new positions, with weakness evident in goods-producing industries, which saw a net gain of just 6,000 new positions last month.

“While overall growth for the month was healthy, industry performance was mixed,” Nela Richardson, ADP chief economist, said in a statement. “Manufacturing was the weakest we’ve seen since spring. Financial services and leisure and hospitality were also soft.”

The construction sector added 30,000 jobs in November, and the mining and natural resources industry saw headcount rise by 2,000. However, manufacturing lost 26,000 jobs, extending October’s loss of 19,000 factory positions and highlighting the ongoing contraction in the ailing sector.

The latest manufacturing activity report from the Institute of Supply Management (ISM) showed that in November the sector contracted for the eighth consecutive month and the twenty-fourth time in the last 25 months. […]

— Read More: www.theepochtimes.com






At Last, a Company With Integrity in the Gold IRA Industry

For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.

I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.

After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:

  • Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
  • Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
  • No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.

Reach out to Augusta Precious Metals to learn more about protecting your wealth and retirement with physical precious metals.

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