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The Future of Manufacturing, the Economy, and Commodity Prices

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The Future of Manufacturing, the Economy, and Commodity Prices

Jason Schenker shares an article and resource links that all business leaders may find informative and useful.

This Weekly LinkedIn newsletter from Jason Schenker includes original research from The Futurist Institute and Prestige Economics to help prepare leaders for the future — this week and beyond!

1. The Future of Manufacturing, the Economy, and Commodity Prices

Manufacturing data are important for the economy and commodity prices.

Data from May 2021 showed global manufacturing was exceptionally strong and can be seen in the graph below. In fact, the aggregate series we’ve been watching since 2007 was at its second highest level ever in May 2021.

But what will June 2021 data show?

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This week, June 2021 Manufacturing Purchasing Manager Indices — or PMIs — will be released for the Eurozone, China, and the United States.

The most important manufacturing index out of the U.S. is the ISM Manufacturing Index. The index has a breakeven of 50 and has recently been exceptionally strong.

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To learn more about the U.S. ISM Manufacturing PMI, check out this LinkedIn Learning video:

2. The Future of Jobs

Jobs will be in sharp focus this week as monthly data from June 2021 are released on Friday — just before the U.S. holiday weekend. The unemployment rate will be released with nonfarm payrolls data as part of the BLS Employment Situation report.

This report is what analysts, investors, politicians, and commentators call the Monthly Jobs Report, and it is considered the most important economic release of the month.

It happens this week!

And it will have the power to move markets.

Key points include:

  • The future of confidence and leadership
  • The future of data

  • The future of construction

Read the full article, The Future of Manufacturing, the Economy, and Commodity Prices, on Linkedin.