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Daily news and top headlines for manufacturing professionals

Manufacturing Activity Grows At Weaker Pace In Philly Region

January 15, 2015 10:36 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Factories in the Philadelphia region grew at a much slower pace in January compared with the previous month, as orders, shipments and hiring tumbled. The Federal Reserve Bank of Philadelphia says its index of regional factory activity fell to 6.3 this month from 24.3 in...

Bombardier Cutting 1,000 Jobs In Mexico And KS

January 15, 2015 10:19 am | by The Associated Press | News | Comments

Bombardier says it's going to cut about 1,000 employees from its Learjet business in 2015, affecting sites in Mexico and the United States. The Montreal-based company said Thursday the cuts are due to weak demand for the Learjet 85 business jet. Bombardier will also...

Manufacturing In NY Rebounding In January As Hiring Rises

January 15, 2015 10:13 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Manufacturing activity in New York state rebounded in January, with factory owners saying they were more optimistic about future demand and hiring. The Federal Reserve Bank of New York said Thursday that its Empire State Manufacturing index rose to 10 this month after having...

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Energy Department Predicts Shale Slowdown As Oil Falls

January 14, 2015 10:32 am | by Jonathan Fahey, AP Energy Writer | Articles | Comments

As oil's long slide continued, the Energy Department forecast Tuesday that production from U.S. shale operators will begin to tail off in the second half of the year. The decline would mark the first such drop in what has been a 6-year boom in U.S. onshore crude...

The Myth Of America's Manufacturing Renaissance: Q&A With Adams Nager

January 14, 2015 10:16 am | by Bridget Bergin, Associate Editor | Articles | Comments

Adams Nager, economic research assistant at the Information Technology and Innovation Foundation, has recently released a report entitled "The Myth of America's Manufacturing Renaissance: The Real State of U.S. Manufacturing." In the report, Nager discusses China's rising labor costs, global shipping...

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

January 13, 2015 3:04 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The rapid hiring that made 2014 a stellar year for job gains is showing no sign of slowing down. U.S. employers advertised the most job openings in nearly 14 years in November, the Labor Department said Tuesday. That suggests businesses are determined to keep adding staff because...

What Do Obama And Auto Executives Think About Low Gas Prices?

January 13, 2015 2:28 pm | by Maura Falk, Associate Editor, Industrial Maintenance & Plant Operations | News | Comments

Low gas prices are a double edged sword, for some it is a blessing while others are less pleased about the plummeting prices. For many consumers decreasing gas prices is cause for celebration, but are we as consumers busting out the party supplies to soon? As for the auto...

5 Questions For Fiat Chrysler CEO Sergio Marchionne

January 13, 2015 2:13 pm | by Tom Krisher, AP Auto Writer | News | Comments

The family-hauling minivan is not dead in the eyes of Fiat Chrysler CEO Sergio Marchionne, who says he hopes to roll out a new one at next year's North American International Auto Show in Detroit. Marchionne, speaking to reporters at the show, also said auto stocks are valued low by the markets because...

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Airbus, Boeing Split Annual Sales Rivalry

January 13, 2015 5:47 am | by David Mchugh, AP Business Writer | News | Comments

Boeing Co. topped Airbus in deliveries to customers for the third straight year in 2014 — but the European aircraft manufacturer edged its U.S. rival in terms of future orders. Airbus, which is headquartered in Toulouse, France, reported Tuesday that it delivered 629 planes, shy of Boeing's...

Why U.S. Inflation Stays Low While Job Growth Surges

January 12, 2015 10:38 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

This isn't explained in Econ 101. Month after month, U.S. hiring keeps rising, and unemployment keeps falling. Eventually, pay and inflation are supposed to start surging in response. They're not happening. Last month, employers added a healthy 252,000 jobs — ending the best year of hiring since...

U.S. Employment Changes Since 2004, At A Glance

January 9, 2015 2:41 pm | by The Associated Press | News | Comments

U.S. employers added more than 5.2 million jobs over the past two years — a solid average of roughly 220,000 a month. After 5½ years of recovery, the economy has recovered all the 8.7 million jobs that vanished during the Great Recession — and created an additional 2 million. The unemployment...

Manufacturing Job Growth Up In 2014

January 9, 2015 2:32 pm | by Andy Szal, Real Time Digital Reporter, Manufacturing.net | News | Comments

Manufacturing job growth increased dramatically in 2014 compared to the previous year, according to numbers from the federal Labor Department released Friday. The report from the Bureau of Labor Statistics showed the manufacturing sector added an average of 16,000 jobs per month last year, compared...

2014 Best Hiring Year Since 1999; Jobless Rate 5.6%

January 9, 2015 2:22 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The United States capped its best year for hiring in 15 years with a healthy gain in December, and the unemployment rate hit a six-year low. The numbers support expectations that the United States will strengthen further this year even as overseas economies stumble. Employers added 252,000 jobs...

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Report Forecasts Tepid Recovery For Europe's Industrial Economy

January 9, 2015 12:23 pm | by Andy Szal, Real Time Digital Reporter, Manufacturing.net | Articles | Comments

On the heels of the strongest domestic economic performance in years, experts largely see good things for the U.S. economy in 2015. The country recently wrapped up its best year for hiring since 1999, and rising wholesale inventories suggest an increase in the fourth quarter gross domestic product...

How Lower Oil Prices Could Fuel More Hiring In The U.S.

January 8, 2015 2:51 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

In June, when oil cost $107 a barrel, U.S. employers added a healthy number of jobs — 267,000. Now, with oil below $50, hopes are rising that hiring in the United States is poised to intensify. Goldman Sachs forecasts that if oil stays near its current price, the economy will add 300,000 more jobs this...

Applications For Unemployment Benefits Fall, Suggesting Strong Hiring

January 8, 2015 1:20 pm | by Josh Boak, AP Economics Writer | News | Comments

Fewer Americans applied for unemployment benefits last week, a sign that employers expect ongoing economic growth and the need to hold onto workers. The Labor Department said Thursday that applications for unemployment benefits fell 4,000 last week to a seasonally adjusted...

Coca-Cola Cutting Up To 1.8K Jobs

January 8, 2015 11:50 am | by The Associated Press | News | Comments

Coca-Cola says it will cut between 1,600 and 1,800 jobs in coming months to trim costs. The Atlanta-based company says it began notifying workers in the U.S. and some international locations Thursday. The company said job types are across all parts of its business and include about 500 at its...

Shrinking Foreign Oil Bill Sends U.S. Trade Deficit Lower

January 8, 2015 10:31 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. trade deficit fell in November to the lowest level in almost a year, thanks to the country's swiftly shrinking thirst for foreign oil. The deficit — imports minus exports — narrowed to $39 billion during the month, down 7.7 percent from a revised October deficit of $42.2 billion, the Commerce Department reported...

Obama Touts Auto Recovery, AAM Says There Is 'A Long Way To Go'

January 8, 2015 9:41 am | by Andy Szal, Real Time Digital Reporter, Manufacturing.net | Articles | Comments

Although President Obama touted the recovery of the nation's auto industry near Detroit yesterday, a national manufacturing group said the country still has "a long way to go." Obama visited a Ford plant in Wayne, Michigan to kick off a three-state tour ahead of his State of the Union Address later this...

MAPI Foundation: Asian Manufacturing Outlook For 2015

January 7, 2015 5:18 pm | by Manufacturers Alliance for Productivity and Innovation (MAPI) | Articles | Comments

Amidst a weak and uneven global economic rebound, a general malaise pervades the Asian economic outlook, according to a report from the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity and Innovation. The Asian Manufacturing Outlook provides forecasts for...

Small Businesses Have Even More Credit-Card Reader Options

January 7, 2015 1:43 pm | by Joseph Pisani, AP Business Writer | News | Comments

Small business owners looking to ditch traditional credit card readers have more options than ever. Online retailers Amazon and Etsy are just two of the latest companies to offer mobile credit card readers to small companies, joining the likes of Square, PayPal and Intuit. Mobile credit...

Cheap Oil: Who Wins And Who Loses?

January 7, 2015 1:34 pm | by Bridget Bergin, Associate Editor | Videos | Comments

Everyone has noticed the lower gas prices, but determining who stands to win and lose in the sudden drop-off is slightly more complicated. PwC’s UK Head of Oil and Gas, Alison Baker, spoke with Bloomberg’s Tom Mackenzie about the effects of lower gas prices. The average person on the street paying for gas for...

U.S. Gas Prices End 2014 At Lowest Levels Since 2009

January 7, 2015 1:28 pm | by U.S. Energy Information Administration‎ | News | Comments

Across the country, retail prices for regular grade gasoline reached the lowest levels in four years primarily as a result of falling crude prices in the second half of 2014. As of December 12, the weekly retail price for regular gasoline in each city for which EIA collects data was below $3.00 per gallon (gal) for the first time since...

Survey: U.S. Companies Stepped Up Hiring In December

January 7, 2015 12:32 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. businesses ramped up hiring last month in the latest sign that the nation's economy is expanding despite worries about global growth that have sent financial markets tumbling. Payroll processor ADP said Wednesday that companies added 241,000 jobs in December, up from 227,000 in...

Strong Dollar Means Cheap Gas, Imports For U.S.

January 7, 2015 12:19 pm | by Josh Boak, AP Economics Writer | News | Comments

As the global economy has weakened, a forcefully stronger U.S. dollar has emerged. The fallout from the greenback's appreciation is reverberating around the world. A more valuable dollar translates into cheaper oil and the imports lining U.S. store shelves. That represents both a boon for American consumers and a...

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