Advertisement
Economic News
Subscribe to Economic News
View Sample

FREE Email Newsletter

Daily news and top headlines for manufacturing professionals

Low-Wage Workers Can't Find Middle-Pay Jobs

March 12, 2014 12:59 pm | by Josh Boak, AP Economics Writer | News | Comments

The lower-wage jobs once seen as stepping stones are increasingly being held for longer periods by older, better-educated, more experienced workers.                    

Obama Expected To Push For More Overtime Pay

March 12, 2014 8:28 am | by Julie Pace, AP White House Correspondent | News | Comments

A White House official says President Barack Obama will direct the Labor Department to strengthen overtime pay protections for millions of workers.                  

U.S. Wholesaler Sales Fall In January

March 11, 2014 2:20 pm | by Josh Boak, AP Economics Writer | News | Comments

U.S. wholesale businesses in January suffered their steepest sales drop in nearly five years, yet they continued to increase their stockpiles.                   

Advertisement

Employers Posted More Job Openings In January

March 11, 2014 11:18 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. employers advertised slightly more jobs in January than in December, a sign that hiring should remain steady in coming months.                     

Manufacturing Technology Orders Down In January

March 11, 2014 10:40 am | by The Association For Manufacturing Technology | News | Comments

January U.S. manufacturing technology orders totaled $365.06 million — down 25.2 percent from December but up 1.3 percent when compared with the total of $360.31 million reported for January 2013.          

OECD: Global Growth To Remain Sluggish

March 11, 2014 8:33 am | by Greg Keller, Associated Press | News | Comments

Global growth is likely to remain sluggish as a slowdown in the developing world undercuts gains in Europe and the United States, a leading international economic body warned.              

Obama Economists Paint Rosier Picture If Budget Passed

March 10, 2014 12:56 pm | by Jim Kuhnhenn, Associated Press | News | Comments

Obama's top economists say the nation is on track to make economic progress over the next two years, but say it would do even better if Congress would enact the additional spending he proposed in his most recent budget.           

China's February Exports Plunge

March 10, 2014 8:32 am | by Joe McDonald, AP Business Writer | News | Comments

China's exports plunged by an unexpectedly large 18 percent in February, possibly denting hopes trade will help drive the slowing economy while communist leaders push ambitious promised reforms.          

Advertisement

AAM Blames More Than Weather For Poor Manufacturing Numbers

March 7, 2014 12:40 pm | by Tia Nowack, Associate Editor, IMPO | Blogs | Comments

Stalled hiring in the manufacturing sector, coupled with a substantial rise in the in America’s trade deficit with China, has the Alliance for American Manufacturing (AAM) President Scott Paul blaming more than just weather.      

Perry: Red States Leading U.S. Recovery

March 7, 2014 12:14 pm | by Steve Peoples, Associated Press | News | Comments

The Texas leader says governors of Democratic-led states, in contrast, are promoting policies that produce higher taxes, out-of-control pensions and fewer jobs.                

MAPI Forecast: Consumer Spending And Investment To Lead Growth

March 7, 2014 9:42 am | by The Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

Manufacturing production is expected to fare better than the overall economy, with anticipated growth of 3.2 percent in 2014 and 4.0 percent in 2015. The 2014 forecast is a slight increase from 3.1 percent predicted in the December forecast while the 2015 projection is down from 4.1 percent.

Southeast Manufacturing Jumps In Feb. To Highest In 21 Months

March 7, 2014 9:15 am | by Kennesaw State University | News | Comments

The increase moved the February Southeast PMI to a more solid level of growth and its highest reading since May 2012. New orders and production increases of 10 and 7 points, respectively, were instrumental for such a strong increase.     

Trade Deficit Widened To $39.1B In January

March 7, 2014 8:47 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. trade deficit widened slightly in January as a rise in imports of oil and other foreign goods offset a solid increase in exports.                    

Advertisement

U.S. Employers Added 175K Jobs In February

March 7, 2014 8:43 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Hiring improved in February from the previous two months despite a blast of wintry weather, likely renewing hopes that growth will accelerate this year.                 

ITIF Praises National Network For Manufacturing Innovation In Obama Budget

March 6, 2014 2:39 pm | by The Information Technology and Innovation Foundation (ITIF) | News | Comments

The $1 billion appropriation would create a series of 45 advanced manufacturing centers designed to spur research, development and deployment of next generation technologies that will enhance manufacturing competitiveness and job creation in the United States.

Factory Orders Drop In January

March 6, 2014 10:30 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Orders to U.S. factories fell in January for a second straight month but a key category that signals business investment plans rebounded.                      

Silicon Valley Boom Drives Income Gap

March 6, 2014 8:53 am | by Martha Mendoza, AP National Writer | News | Comments

The river of money flowing through this 1,800-square-mile peninsula has also driven housing costs to double in the past five years while wages for low- and middle-skilled workers are stagnant.                  

U.S. Productivity Slows In 4Q

March 6, 2014 8:42 am | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. productivity grew at an even slower annual rate than previously thought in the final three months of last year, but economists are hoping productivity growth will revive in 2014, reflecting a stronger economy.       

Applications For Jobless Benefits Hit 3-Month Low

March 6, 2014 8:39 am | by Josh Boak, AP Economics Writer | News | Comments

The number of people seeking U.S. unemployment benefits dropped 26,000 last week to a seasonally adjusted 323,000, the lowest level in three months as layoffs remain at pre-recession levels.            

China's Plan For Pollution Takes Toll On Jobs

March 6, 2014 8:23 am | by Louise Watt, Associated Press | News | Comments

Thirty-five factories were closed or torn down in Pingshan county as part of the government's drive to clear up China's notoriously smoggy skies, but shutting plants has taken a human and economic toll in lost jobs and income.       

Obama Spolights Minimum Wage In Connecticut

March 5, 2014 2:39 pm | by Josh Lederman, Associated Press | News | Comments

Seeking to dramatize his push for higher wages, Obama dined out in Connecticut in a restaurant where employees get considerably more than the $7.25-an-hour federal minimum.              

Fed: Winter Storms Hold Back Economy

March 5, 2014 2:25 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

Even so, conditions improved in most U.S. regions, helped by slight gains in areas such as employment and commercial real estate.                      

Top Manufacturing Organizations Split On Budget

March 5, 2014 12:56 pm | by Tia Nowack, Associate Editor, IMPO | Blogs | Comments

The National Association of Manufacturers and the Alliance for American Manufacturing have both released opinions on President Obama's $3.9 trillion budget proposal. Interestingly, they don't agree.               

GOP Pans Obama's $3.9T Budget

March 5, 2014 8:52 am | by Alan Fram, Associated Press | News | Comments

Republicans are dismissing President Barack Obama's new $3.9 trillion budget as nothing more than a Democratic manifesto for this fall's congressional campaigns.                 

Survey: Companies Added 139K Jobs In Feb.

March 5, 2014 8:48 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

A private survey shows that U.S. companies added slightly more jobs in February than in the previous month, but harsh winter weather weighed on hiring for the third straight month.              

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading