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Daily news and top headlines for manufacturing professionals

Philly Factory Growth Fastest In 3 Years

July 18, 2014 12:30 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Manufacturing in the Philadelphia region surged in July, expanding at its fastest pace in more than three years, as new orders, shipments, and hiring all rose.                

Labor Force Drop Had Pre-Recession Roots

July 18, 2014 11:34 am | by Jim Kuhnhenn, Associated Press | News | Comments

Declaring the Great Recession only partly to blame, White House economists say the increasing number of Americans dropping out of the labor force dampens economic growth and demands policy changes that create more job opportunities and add workers.

Gauge Of U.S. Economy Rises In June

July 18, 2014 10:51 am | by Martin Crutsinger, AP Economics Writer | News | Comments

A gauge designed to predict the economy's future health increased in June for a fifth consecutive month, supporting the view that economic growth should accelerate in the second half of this year.                 

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UK Employment Rate Reaches Record High

July 17, 2014 11:31 am | by Pan Pylas, Associated Press | News | Comments

The proportion of workers in Britain has hit its joint-highest level since records began more than 40 years ago, official figures showed in a further sign of the strength of the U.K. economic recovery.          

Unemployment Aid Applications Drop To 302K

July 17, 2014 10:29 am | by Josh Boak, AP Economics Writer | News | Comments

The number of people seeking U.S. unemployment benefits fell last week, a steady decline that suggests a strengthening job market.                    

Pickup In China's Growth Reassuring But No Game Changer

July 17, 2014 8:03 am | News | Comments

A pickup in China's growth has fortified confidence the world's second-biggest economy is stabilizing as the past decade's explosive growth decelerates to the 7 percent range.                  

Fed Survey Sees Improved Economy

July 17, 2014 7:45 am | by Martin Crutsinger, AP Economics Writer | News | Comments

A Federal Reserve survey indicates the economy kept expanding in all regions of the country in June and early July, helped by strength in consumer spending.                    

Factory Output Rises For 5th Straight Month

July 16, 2014 10:27 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The modest gain underscored manufacturing's role in helping return the economy to growth after a grim first quarter.                       

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Delaware Expanding Research Tax Credit

July 16, 2014 7:59 am | News | Comments

Small business owners in Delaware are eligible for an expanded tax credit with the signing of a new law by Gov. Jack Markell.                        

Yellen: Economy Needs Fed Support

July 15, 2014 1:25 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.         

Brewery Boom Is A Bright Spot For New Mexico Economy

July 15, 2014 1:20 pm | by Susan Montoya Bryan, Associated Press | News | Comments

That frosty tide of smooth, golden brown craft beer has finally come in, and it's helping to quench this drought-stricken state's thirst for jobs and economic development.                   

Audit Finds Failed Sugar Mill Cost Taxpayers $71M

July 14, 2014 12:10 pm | by Melinda Deslatte, Associated Press | News | Comments

Louisiana lost more than $71 million in taxpayer money on a failed sugar cane mill in Jefferson Davis Parish that was sold for scrap late last year, according to an audit released Monday.           

White House Says 2014 Deficit To Drop To $583B

July 14, 2014 7:48 am | by Andrew Taylor, Associated Press | News | Comments

The government's budget deficit will drop to $583 billion this year, the lowest level of President Barack Obama's tenure, the White House said.                           

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China Accused Of 'Gluttonous, Naked Aggression'

July 11, 2014 2:10 pm | by Matthew Pennington, Associated Press | News | Comments

"Any military in the world that uses its power to bully, intimidate and destabilize the economy of the world, is not in the United States' best interests, nor of our allies nor our friends," Rep. Rogers said.          

Manufacturing.net Rewind: Another Michigan City In Trouble; Boeing Checks Plane Parts

July 11, 2014 12:48 pm | News | Comments

Check out some of this week's top headlines from across Manufacturing.net, from the financial struggles of the birthplace of GM to a train accident that damaged six Boeing commercial airplane bodies.               

Economists Lower U.S. Growth Forecasts

July 11, 2014 11:37 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. business economists have sharply cut their growth forecasts for the April-June quarter and 2014, though they remain optimistic that the economy will rebound from a dismal first quarter.            

Chinese Export Growth Edges Up To 7.2 Percent

July 10, 2014 3:27 pm | by Kelvin Chan, AP Business Writer | News | Comments

China's export growth edged higher in June in a small sign of improvement for the world's second biggest economy as it undergoes an uneven recovery.                 

France Pleads For New EU Economic Strategy

July 10, 2014 1:03 pm | News | Comments

France's economy minister is blaming European authorities for the lack of growth in France and Europe, and says it's time for a new economic policy that shuns austerity measures.            

Unemployment Aid Applications Fall To 304K

July 10, 2014 8:53 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Fewer people sought U.S. unemployment benefits last week, driving down the level of applications to nearly the lowest in seven years.                     

Is Washington Broken?

July 9, 2014 2:38 pm | by Josh Lederman, Associated Press | News | Comments

To hear President Barack Obama describe it, there's a creeping case of cynicism setting in across the country, leading Americans to suspect that not only is Washington broken, it's beyond fixing.           

China: It's Up To U.S. To Drive Global Economy

July 9, 2014 10:27 am | by Louise Watt, Associated Press | News | Comments

Lou pointed out that the U.S. economy shrank at a 2.9 percent annual rate from January to March — largely because of a brutal winter — and said China hopes the U.S. "can take measures to ensure the momentum of growth."           

Birthplace Of GM Mulls Bankruptcy

July 9, 2014 7:46 am | by Jeff Karoub, Associated Press | News | Comments

Flint, which was the birthplace of General Motors and once had 200,000 residents, also has suffered a spectacular drop in population and factory jobs and a corresponding rise in property abandonment, much like its insolvent big brother an hour's drive south.

U.S. Companies Post Most Jobs In 7 Years

July 8, 2014 11:01 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. employers advertised more jobs in May than in any month in the past seven years, a sign that this year's strong hiring trend is likely to continue.                     

5 Factors That Helped The U.S. Economy

July 7, 2014 2:29 pm | by Paul Wiseman, AP Economics Writer | News | Comments

Five full years after a devastating recession officially ended, the economy is finally showing the vigor that Americans have long awaited.                        

Most Union Members Have Ties To Gov't

July 7, 2014 2:21 pm | by Tom Raum, Associated Press | News | Comments

"The basic structure of the labor union movement has changed, reflecting changes in the economy," said Ross Baker, a political science professor at Rutgers University. "Manufacturing is a diminishing segment of the economy. Also, a lot of the manufacturing that's being done today is being done nonunion."

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