Board Converting News, November 23, 2020

NAM: Manufacturing Layoffs Fell To Lowest Levels Since February 2017 According to the National Association of Manufacturers (NAM), there were 456,000 manufacturing job openings in September, pulling back somewhat from the 469,000 postings in August, which was the best reading since July 2019. Overall, there were 1.95 unemployed workers for ev- ery one job opening in September, down from 4.6 in April but up from 0.8 in February. Encouragingly, non-farm business layoffs decreased from 1,533,000 in August to 1,333,000 in September, an all-time low. Meanwhile, layoffs in the manufacturing sec- tor declined from 102,000 to 90,000, the lowest since February 2017 and well below the 635,000 layoffs in April. One sign of improved health is the “churn” seen in the labor market, and the number of quits has rebounded in recent months. This is also reassuring. Non-farm payroll quits rose from 2,839,000 in August to 3,018,000 in Sep- tember, the most since February, and manufacturing quits edged up from 207,000 to 212,000, a one-year high. Producer prices for final demand goods increased 0.5 percent in October, the strongest monthly gain since July, boosted by sizable increases in energy and food costs. Yet, inflation for raw material goods was flat in October. Overall, core producer prices have risen 0.9 percent year- over-year, the highest since March.

Box Shipments ( U.S. Corrugated Product Shipments) Industry Shipments In Billions of Square Feet Month October 2020

Year

Actual

Percent Change Avg Week Percent Change

2020 2019

37.396 35.888

4.2

8.499 7.802

8.9

Industry Total

Year-to Date

October 2020

Year

Actual

Percent Change Avg Week Percent Change

2020 2019

337.942 330.090

2.4

7.933 7.785

1.9

Industry Total

Containerboard Consumption (Thousands of Tons)

Year

Month

Percent Change Year-to-Date Percent Change

2020 2019

3.0635 2.9470

4.0

27.6535 27.1498

1.9

Container Board Inventory - Corrugator Plants (Thousands of Tons)

Corrugator Plants Only

Date

Percent Change Weeks of Supply

Percent Change

Oct.

1.8156 1.9511

-6.9

2.6 2.9

-10.3

Sept.

Shipping Days

Year

Month

Year-to-Date

2020 2019

22 23

213 212

SOURCE: Fibre Box Association

Puhl custom designs systems to meet your needs. • Moving to a new facility? Puhl has experience moving entire plant systems all while minimizing down time in BOTH plants during the transition. • Below roof AND above roof systems custom designed to meet your needs. • New and Remanufactured Equipment (balers, blowers, separators, filters and more). Our Remanufactured equipment includes a warranty and offers significant savings. • NFPA and OSHA compliant systems designed by our NFPA trained engineering team. • Dust Briquetters, Certified Explosion Isolation Valves, Flame Front Diverters and more to control dust and meet NFPA requirements. • PLC Touch Screen Controls with Real Time Pressure Balancing and Real Time Remote Monitoring available on your smart phone or computer.

Balers • Shredders • Trim Collection Systems • Dust Collection Systems • Cyclones Trim Separators • Spiral Duct • Used Equipment • Filters • Briquetters 240 Airport Road | Gallatin, TN 37066 | 615.230.9500 | FAX 615.230.9590 | sales@gfpuhl.com | www.gfpuhl.com Follow us on LinkedIn

8

www.boardconvertingnews.com

November 23, 2020

Made with FlippingBook Ebook Creator