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Daily news and top headlines for manufacturing professionals

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...

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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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More Americans Are Finally Seeing Something New: A Pay Raise

February 9, 2015 12:01 pm | by Josh Boak, AP Economics Writer | News | Comments

As the U.S. economy has steadily recovered from the Great Recession, the critical missing piece has been a painful lack of pay raises for many Americans. Their pain may be easing. Friday's jobs report signaled that raises have finally begun to flow through an economy in which, once you factor in inflation, most people earn less than...

Even As U.S. Job Market Picks Up, Unemployed Face Frustration

February 7, 2015 9:24 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The job market remains a frustrating place for America's 9 million unemployed — perhaps more so as hiring has accelerated along with job postings. The pace of job growth over the past three months was the fastest in 17 years. The gains spanned nearly every industry, and some employers have...

U.S. Trade Deficit Jumps 17.1% to $46.6B

February 6, 2015 10:23 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. trade deficit in December jumped to the highest level in more than two years as exports fell and Americans bought a record amount of imports — a potentially worrisome development that could weigh on overall economic growth. The deficit jumped 17.1 percent to $46.6 billion in December, resulting in the biggest imbalance...

The Wild World Of Predicting Oil Prices

February 6, 2015 10:15 am | by Meagan Parrish, Editor, Chem.Info | Videos | Comments

Oil prices yo-yoed this week, giving analysts whip lash as they hurried to decide what it all means, and forecast what the future holds. On Wednesday the price of a barrel had fallen to about $48, but by Thursday was back up to $52. And as quickly as some were to determine that prices were rallying, other chimed in...

Siemens To Cut 7,800 Jobs Globally

February 6, 2015 6:27 am | by The Associated Press | News | Comments

Industrial machinery maker Siemens AG says it will cut 7,800 administrative jobs worldwide as part of an effort to streamline the sprawling company and its many businesses. Munich-based Siemens said in a statement Friday that 3,300 of the job losses will be in Germany. Siemens CEO Joe Kaeser...

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Another Month Of Solid Job Growth Is Expected For January

February 6, 2015 3:24 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Steady economic growth and consumer spending likely led U.S. employers to hire at a healthy pace in January and extend last year's solid job gains. Economists have forecast that the economy gained 230,000 jobs in January, according to a survey by FactSet. The unemployment rate is expected to stay...

Sprint To Set Up Shop As RadioShack Files For Bankruptcy

February 6, 2015 12:26 am | by Anne D'innocenzio, Michelle Chapman, AP Business Writers | News | Comments

Sprint's latest plan for luring new subscribers is to occupy the remains of RadioShack. The long-struggling consumer electronics chain filed for bankruptcy protection Thursday. Part of its plan is for Sprint, the No. 3 U.S. wireless carrier, to open mini-shops in as many as 1,750 of RadioShack's...

Ford To Add 900 Jobs At MO Pickup Plant

February 5, 2015 1:27 pm | by The Associated Press | News | Comments

Officials say Ford Motor Co. will create an additional 900 jobs in Missouri to build the next-generation F-150 pickup. Gov. Jay Nixon says Ford's decision to add jobs at the Kansas City Assembly Plant shows the growth of the state's automotive manufacturing industry. He was scheduled to visit...

TX Company Postpones Northeast NE Plant Project

February 5, 2015 1:27 pm | by The Associated Press | News | Comments

A company that makes piping and casing for oil and gas drilling has postponed plans to build a manufacturing plant in northeast Nebraska, the company president said Wednesday, citing changing conditions in the oil market. Tejas Tubular Products President Maximo Tejeda told the Norfolk Daily News...

Hot Jobs And Hiring Trends: Q&A With Traci Fiatte

February 5, 2015 12:54 pm | by Bridget Bergin, Associate Editor | Articles | Comments

After a strong economic year in 2014, many are predicting steady economic growth and hiring in 2015. Randstad U.S., one of the world’s largest staffing organizations, released its study on the hottest jobs in demand for 2015. I had the chance to discuss the hot jobs in manufacturing, how aspiring workers can best fill these positions, how employers can...

U.S. Productivity Falls At 1.8% Rate In Fourth Quarter

February 5, 2015 10:09 am | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. worker productivity went into reverse in the final three months of the year, while labor costs increased. Productivity, the amount of output per hour of work, fell at 1.8 percent rate in the fourth quarter after rising at a 3.7 percent rate in the third quarter, the Labor Department reported Thursday...

U.S. Jobless Applications Rise, But Levels Point To Job Growth

February 5, 2015 9:36 am | by Josh Boak, AP Economics Writer | News | Comments

More people sought unemployment benefits last week, but the number of applicants remained near historic lows in a positive sign for job growth. The Labor Department said Thursday that weekly applications rose 11,000 to a seasonally adjusted 278,000. The four-week average, a less volatile measure, fell 6,500 to 292,750. That average has...

Survey: U.S. Businesses Post Steady Job Gain In January

February 4, 2015 3:16 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. companies hired at a solid pace last month, a private survey found, the latest sign of steady improvement in the job market. Payroll processor ADP said Wednesday that companies added 213,000 jobs last month, a decent increase though also the smallest in four months. The figure suggests Friday's government report will also...

Report: Trade Deficit With Japan Resulted In Job Losses In Every State

February 4, 2015 3:01 pm | by Andy Szal, Real Time Digital Reporter, Manufacturing.net | News | Comments

A new report says every state saw job losses due to a growing U.S. trade deficit with Japan, and warns Congress should not approve a proposed trade agreement without protections against Japanese currency manipulation. "Currency manipulation acts as a subsidy to all Japanese exports, and a tax on U.S. exports to Japan, and all countries...

Obama Plan Would Merge 6 U.S. Trade, Development Agencies

February 4, 2015 2:21 pm | by Ronnie Greene, The Associated Press | News | Comments

A little-noticed proposal in President Barack Obama's $4 trillion budget would eliminate the Overseas Private Investment Corporation, which has been the subject of an Associated Press investigation into its overseas loans, and merge it for efficiency with five other federal business and trade...

White House Budget Would Fund Additional Manufacturing Hubs

February 3, 2015 5:15 pm | by Andy Szal, Real Time Digital Reporter, Manufacturing.net | News | Comments

The Obama administration's budget proposal unveiled this week calls for seven new national manufacturing innovation hubs, along with funding to build toward a national network of 45 such sites. Much of the president's budget is considered dead on arrival in the Republican-controlled Congress, and GOP lawmakers who've complained about...

When Will Low U.S. Gas Prices Fuel Consumer Spending?

February 3, 2015 2:41 pm | by Bloomberg News | Videos | Comments

The U.S. is benefitting from lower gas prices at the pump, but that has not yet translated to a spending boom as consumer spending fell 0.3 percent in December. Bloomberg’s Matt Townsend and Alix Steel report on In The Loop...   

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