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HEAT SIPHON News - November 2017

U. S. Unemployment hits 17 Year Low - 2 Months in a Row!!

Under-employment Finally Below Pre Recession Levels

 

October Jobs Report hits 17 Year Low Again!

 

By Harriet Torry - Wall Street Journal- November 3, 2017

The U.S. jobless rate fell to a 17-year low in October and employers hired at a strong pace, showing the labor market bounced back from recent hurricanes. Nonfarm payrolls rose a seasonally adjusted 261,000 in October, the Labor Department said Friday. That was a pickup from the prior month, but undershot economists’ expectations for 315,000 new jobs. Meantime, the unemployment rate ticked down to 4.1%, its lowest level since December 2000. The jobless rate, which changed little over the course of 2016, has dropped from 4.8% to 4.1% since the start of this year, a sign the labor market is heating up.

When combined with August and September’s job growth, estimates of which were revised up, the October report shows the economy added jobs over the last three months at a pace of 162,000 a month.

And a broad measure of unemployment that includes Americans stuck in part-time jobs or too discouraged to look for work fell to 7.9%, matching its lowest level since 2006.

Friday’s payrolls data suggest the labor market remains on a solid trajectory, despite September’s blip. It follows other positive signals on the economy’s trajectory. Gross domestic product, the broadest measure of goods and services produced in the U.S., expanded at a 3% annual rate in the third quarter, the Commerce Department said late last month. That capped the economy’s best six-month stretch of growth in three years, despite the two hurricanes, as soaring stock prices and rising business and consumer confidence boosted economic growth.

BETTER DAYS ARE ON THE WAY

HEAT SIPHON
Banner Year Coming

Latrobe, PA - November 3, 2017

With the economy finally beginning to hit on all cylinders we are seeing both our export and domestic sales picking up. I see a VERY BIG 2018 coming"

says Bill Bernardi , President and CEO of United States ThermoAmp Inc., the makers of the Heat Siphon® Swimming Pool Heat Pumps.

As we reported last month - inventions are coming which address wireless control of their Heat Siphon and pool pumps as well as dramatic improvements in their heat exchanger cost and efficiency.

"This will be one of the biggest changes we have made in over 34 years of manufacturing" says Mr. Bernardi.

"We are very close to completion of several R&D projects that will catapult Heat Siphon into the lead in the swimming pool heat pump industry.

Recent testing is proving out our design improvements as well as reducing our costs by significant percentages in both our raw material and our labor costs.

I feel we have maintained our reputation over the last 35 years as the innovator in this industry, and these new developements will continue that tradition.

Expect 2018 to be a BANNER YEAR for Heat Siphon® and a boon to all of our loyal customers and dealers all over the world. "

"We Perform to
KEEP YOU WARM!"®

Questions or Comments - : sales@heatsiphon.com

HEAT SIPHON OWNER SERVICE: service@heatsiphon.com

Heat Siphon is a Product of United States ThermoAmp Inc. • 1223 Heat Siphon Lane • Latrobe, Pennsylvania 15650 • 724-537-3500

Copyright © 2016 United States ThermoAmp Inc. All rights reserved.