Many past decisions to offshore manufacturing were based on price alone. Today, manufacturers are looking at more than just price when considering sourcing decisions and production locations. But that doesn't mean our supply chain is ready to handle all the potential new business.
The Commerce Department says the deficit increased to $42.3 billion, 7.7 percent above the January imbalance of $39.3 billion.
The number of people seeking U.S. unemployment benefits rose 16,000 last week to a seasonally adjusted 326,000. Despite the increase, the number remains close to pre-recession levels and points to stable hiring.
The survey taken in January and February finds that 37 percent of owners are optimistic about their companies' prospects for the next six months, up sharply from 22 percent in a survey last fall.
CFOs predict increasing revenues, capital investments and hiring while expressing concern about health care costs, maintaining margins and the competition for skilled labor.
Economic activity in the manufacturing sector expanded in March for the 10th consecutive month, and the overall economy grew for the 58th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
The head of the International Monetary Fund warned Wednesday that leading nations need to embrace bold policy steps to accelerate a still-modest and fragile global economic recovery.
The bill would renew benefits for the long-term unemployed, generally those who have been off the job for more than 26 weeks. An estimated 2.7 million workers have been affected since the program expired at the end of last year.
The Commerce Department says factory orders rose 1.6 percent in February, the most in five months, following declines of 1 percent in January and 2 percent in December.
Payroll processer ADP says private employers added 191,000 jobs in March. ADP also revised February's job creation up to 153,000 from an originally reported 139,000.
The index of 53.7 in March is slightly better than 53.2 in February, and both are above the 50 percent level that separates growth from decline. Over the last 20 years, the ISM index has equaled or been higher than 53.7 only 39 percent of the time.
Manufacturers also received more orders, suggesting that production could strengthen further in the months ahead.
The Southeast Michigan Purchasing Managers Index (PMI) for March rebounded to 55, up from 47.3 in February. Though difficult to predict if it will be a sustained increase, early indications suggest the economy is simply emerging from the effects of a particularly harsh winter climate.
There is no objective answer. It depends on the political slant of lawmakers or the views of economists being asked.
Advisers to the Intergovernmental Panel on Climate Change say that the world economy may suffer losses of between 0.2 percent and 2 percent of income if temperatures rise by 2 degrees from recent levels.
Unemployment rates fell in most states in February and two-thirds of the states reported job gains, evidence that most of the country is benefiting from slow but steady improvement in the job market.
Once this year's harsh weather has faded, the U.S. economy could be poised for a breakout year — its strongest annual growth in nearly a decade.
The number of people seeking U.S. unemployment benefits fell 10,000 last week to a seasonally adjusted 311,000, the lowest since late November and a hopeful sign hiring could pick up.
The fourth-quarter growth rate was a bit stronger than the 2.4 percent estimate made last month, the Commerce Department reported Thursday.
The Trans-Pacific Partnership with 11 other countries in or bordering the Pacific Ocean would create $124 billion in U.S. exports each year, according to the Peterson Institute for International Economics, a think-tank.
Biden says when the minimum wage or the tipped minimum wage is increased, "all that money comes back into the economy."
In the survey, young adults born from 1980 to 1984 held an average of 6.2 jobs from ages 18 to 27 — 6.0 jobs for men and 6.3 for women.
"Despite the seemingly good news, however, the underlying demand for business equipment actually declined. Defense and aerospace orders are very large, and erratic, and have multiyear lead times that indicate nothing about the short-term outlook for business equipment."
As tensions between Russia and the United States continue to increase, global businesses will face disruption and, for some, opportunity.
Economists expect manufacturing output to strengthen in coming months reflecting better weather after a series of winter storms which disrupted production at some factories.