Wall Street Pump and Valve Industry Watch
Factory production, construction spending & U.S. petroleum product exports rise.
Total nonfarm payroll employment rose by 187,000 in July, and the unemployment rate fell to 3.5%.
The Jordan Knauff & Company (JKC) Valve Stock Index was down 5.7% over the last 12 months, and the broader S&P 500 index was up 1.9%.
The Jordan Knauff & Company (JKC) Valve Stock Index was up 0.2% over the last 12 months, and the broader S&P 500 index was up 0.3%.
The employment index fell for the third straight month to 46.9%, its lowest reading since 2020.
Markets were volatile due to fears of continued interest rate hikes.
The S&P 500 posted its best January since 2019.
The markets finished the year with their worst results since 2008.
Any unplanned supply disruption has the potential to increase oil prices quickly and significantly.
Exploration activity has been up and down this year.
The employment index fell back into contraction territory.
Amid concerns about slower growth for the global economy, the Export Orders Index slipped into contraction territory.
Government spending declined for a third straight quarter.
Major stock indexes have fallen in the last year.
Customer inventories had its largest decline in six months.
The Jordan, Knauff & Company (JKC) Valve Stock Index was up 7.3% over the last 12 months, and the broader S&P 500 index was up 12.7%.
Some key inputs used in manufacturing semiconductors come out of Russia and Ukraine.
Economic growth was robust throughout 2021 as vaccinations increased and stay-in-place behaviors began to abate.
Ten industries reported growth in production during the month.
Average hourly wages were up 4.8% in November over the previous year.