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Daily news and top headlines for manufacturing professionals

Dearth Of Jobs A Barrier To Post-Bankruptcy Detroit's Growth

March 2, 2015 3:13 am | by Corey Williams, The Associated Press | News | Comments

When Alison Norris couldn't find work in Detroit, she searched past the city limits, ending up with a part-time restaurant job that's 20 miles away but takes at least two hours to get to via separate city and suburban bus systems. For many city residents...

Survey Shows China Manufacturing Improving

March 1, 2015 11:14 pm | by The Associated Press | News | Comments

A new survey shows China's manufacturing activity improved in February for the first time in several months. HSBC Corp. said Monday its purchasing managers' index rose to 50.7 from January's 49.7 on a 100-point scale on which numbers above 50 show activity increasing. It was the...

Baton Rouge-Area Industries Expect To Maintain Employment

February 27, 2015 10:29 am | by The Associated Press | News | Comments

A survey by the Greater Baton Rouge Industrial Alliance finds most of the Baton Rouge area's major industrial employers expect spending and employment at the plants to remain the same or expand during the next six months...  

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Gas Cost Lowers Consumer Prices By Most In Six Years

February 26, 2015 10:00 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

A plunge in gas prices last month lowered consumer prices by the most in six years. But excluding the volatile food and energy costs, prices rose. The Labor Department said Thursday that the consumer price index fell 0.7 percent in January, the sharpest drop since December 2008. Tumbling prices at the pump drove...

Orders For U.S. Durable Goods Up 2.8 Percent In January

February 26, 2015 9:37 am | by Martin Crustinger, AP Economics Writer | News | Comments

Orders to U.S. factories for long-lasting manufactured goods rebounded in January as a key category that signals business investment plans showed an increase. Orders for durable goods increased 2.8 percent in January after declines of 3.7 percent in December and 2.2 percent in November, the Commerce Department reported Thursday. Demand in a category that serves as a proxy...

Report: 19 Oil And Gas Stocks In 'Extreme Danger'

February 24, 2015 2:58 pm | by Andy Szal, Real Time Digital Reporter, Manufacturing.net | News | Comments

A report from a Baltimore-based financial network warns of 19 energy stocks in jeopardy of "going belly-up" in the wake of plummeting oil prices. David Fessler, energy and infrastructure strategist for the Oxford Club, compiled the "Oil Company Death List" to highlight oil and gas companies that...

Fed Waits On Rate Raise, Wage Growth Disappoints

February 24, 2015 2:04 pm | by Bridget Bergin, Associate Editor | Videos | Comments

Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, announced in testimony before the Senate Banking Committee that the Federal Reserve will not rush to raise interest rates. Despite recent economic growth, one piece of the labor market puzzle...

Obama: DHS Shutdown Would Hurt State Economies

February 23, 2015 3:02 pm | by Jill Colvin, The Associated Press | News | Comments

President Barack Obama says a shutdown of the Department of Homeland Security would have a direct impact on state economies and the nation's security. Obama is speaking Monday to the nation's governors, who are gathered at the White House for a meeting with the president and...

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Stronger Dollar To Increase Trade Deficit, Hamper Manufacturing Growth

February 23, 2015 9:30 am | by Andy Szal, Real Time Digital Reporter, Manufacturing.net | News | Comments

A manufacturing group predicts the U.S. industrial sector will grow at a faster rate than the national economy as a whole during the next two years. Further manufacturing growth, however, is likely to be hampered by further increases in the nation's trade...

Surging Dollar Takes Bite From U.S. Corporate Profits

February 21, 2015 1:14 am | by Matthew Craft, AP Business Writer | News | Comments

The biggest obstacle for Coca-Cola and Pepsi these days isn't tied to taste tests, the declining popularity of sugary drinks or even their century-long rivalry. It's the surging U.S. dollar. The two soda giants rely on overseas customers for roughly half of their revenue. When they turned in...

NV Tax Abatement Bill Receives Bipartisan Support

February 19, 2015 7:14 pm | by Riley Snyder, Michelle Rindels, The Associated Press | News | Comments

Nevada lawmakers on Thursday were hearing details of a number of widely supported tax abatement bills that legislators say will create better paying jobs in the state. Senate and Assembly members held a joint committee hearing on SB93 and AB161, which would expand tax abatements to the aerospace...

Factory Activity Improves At A Slower Rate In Philadelphia Region

February 19, 2015 11:12 am | by Josh Boak, AP Economics Writer | News | Comments

Manufacturers in the Philadelphia area expanded at a slower rate in February compared with the previous month. New orders have slipped, although shipments and hiring have improved. The Federal Reserve Bank of Philadelphia said Thursday that its index of regional factory activity fell to 5.2 this...

U.S. Economy Gauge Posts Slight Gain In January

February 19, 2015 10:43 am | by Martin Crutsinger, AP Economics Writer | News | Comments

An index designed to predict the future health of the U.S. economy rose in January by the smallest amount in five months, indicating the economy's momentum may have slowed a bit. The New York-based Conference Board says its index of leading indicators increased 0.2 percent in January, the weakest gain since...

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Producer Prices Decline For Third Consecutive Month

February 18, 2015 11:50 am | by Andy Szal, Real Time Digital Reporter, Manufacturing.net | News | Comments

The U.S. Labor Department's Producer Price Index decreased by 0.8 percent in January, the third consecutive monthly decline and the largest drop since the statistic debuted more than five years ago. The index, which measures changes in prices received by producers for domestically-made goods, was largely...  

U.S. Wholesale Prices Drop 0.8% In January

February 18, 2015 11:16 am | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. wholesale prices fell by a record amount in January, led by the biggest drop in gasoline prices in six years. The Labor Department said Wednesday that its producer price index declined 0.8 percent last month, the biggest drop in a data series that goes back to November 2009 when the...

For Many In U.S., Cash Saved At Gas Pump Is Staying In Pockets

February 18, 2015 11:13 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

In recent months, the stage seemed set for American consumers to do what they've traditionally done best: Spend money — and drive the economy. The lowest gas prices in five years had given people more spending money. Employers added over 1 million jobs from November through January, the best three-month...

U.S. Factory Output Rose A Modest 0.2% In January

February 18, 2015 10:04 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. factory production edged up last month as manufacturers cranked out more computers, clothing, steel and other metals, offsetting declines in autos and aerospace. The Federal Reserve said Wednesday that factory production increased 0.2 percent in January, after a flat reading in December. The data suggests...

NY Manufacturing Grows At Slower Pace In February

February 17, 2015 9:34 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Manufacturing activity in New York state expanded at a modest pace in February, held back by weaker orders and hiring. The Federal Reserve Bank of New York said Tuesday that its Empire State manufacturing index slipped to 7.8 this month from 10 in January. Any reading above zero indicates...

Applications For U.S. Jobless Aid Rose To 304K Last Week

February 12, 2015 12:20 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The number of Americans seeking unemployment benefits jumped last week, though it is still at relatively low levels pointing to healthy hiring. Applications rose 25,000 to a seasonally adjusted 304,000, the Labor Department said Thursday. The increase comes two weeks after applications plunged by...

Survey: Job Openings Rose Slightly In December

February 11, 2015 1:02 pm | by Andy Szal, Real Time Digital Reporter, Manufacturing.net | News | Comments

The latest monthly numbers from the U.S. Bureau of Labor Statistics showed the number of job openings increasing slightly in December compared to the previous month. Manufacturing job openings, however, were down compared to November...

Oil On Wild Ride: How Will It End?

February 10, 2015 2:20 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

The price of oil is on a wild ride, and there is little agreement on where it's headed. After falling nearly 60 percent from a peak last June, the price of oil has now bounced back 19 percent since late January, closing Monday near $53. Oil has fallen or risen by 3 percent or more on 14 of 26 trading days so far this...

U.S. Job Openings Rise To 14-Year High

February 10, 2015 2:00 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The number of available jobs posted by U.S. employers rose in December to the highest level in 14 years, a sign recent strong job gains will likely continue. Employers also filled more jobs and more employees quit, two additional signs of an improving labor market. Job openings rose 3.7 percent to a seasonally adjusted 5 million, the...

Global Watchdog Warns Advanced Economies Slowing Reforms

February 9, 2015 5:19 pm | by Desmond Butler, The Associated Press | News | Comments

Global growth is threatened by developed countries' flagging efforts to reform their economies, a major international organization warned on Monday. The Organization for Economic Co-operation and Development, a think tank dealing with the world's developed countries, says in a report that the lagging attention to reform...

U.S. Gas Prices Jump 13 Cents A Gallon

February 9, 2015 2:14 pm | by The Associated Press | News | Comments

The average price of a regular gallon of gas jumped 13 cents in the past two weeks to $2.20, ending a sustained drop. Industry analyst Trilby Lundberg said Sunday that a rebound in the price of crude oil caused the run-up at the pump. However, the price is $1.10 below the mark a year ago, on...

Strong U.S. Job Growth Is Powered By An Array Of Industries

February 9, 2015 12:28 pm | by The Associated Press | News | Comments

A broad range of industries propelled U.S. job growth in January, an encouraging sign that the improving economy is permeating nearly all sectors of the economy. Education and health-related employers added 46,000 jobs, professional services 39,000. Over the past 12 months, those two sectors have combined for more than 1.2 million...

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