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Daily news and top headlines for manufacturing professionals

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.              


Obama: Budget A 'Roadmap For Creating Jobs'

March 4, 2014 12:08 pm | by Alan Fram, Associated Press | News | Comments

Obama sent Congress a $3.9 trillion budget that would funnel money into road building, education and other economy-bolstering programs.                    

SE Mich. Manufacturing Contracted In February

March 4, 2014 11:24 am | by The Institute for Supply Management - Southeast Michigan | News | Comments

“Though the southeastern Michigan economy has slowed a bit, there’s no reason to believe that this is a long-term slowdown, at most it could be described as a temporary cooling of the economy,” said Timothy Butler, associate professor of supply chain management at Wayne State’s School of Business Administration.

Midwest Economic Survey Index Drops Slightly

March 3, 2014 3:58 pm | News | Comments

A monthly economic survey index dropped slightly last month but still suggests growth over the next three to six months for nine Midwestern and Plains states.                  

MAPI: February Manufacturing Drop More Than Cold Weather

March 3, 2014 3:37 pm | by The Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

Inventories had gotten well ahead of demand in the latter months of 2013. While it appears that stocks are now coming back into balance, manufacturing growth is still likely to be slower in the first half of 2014 than in the fourth quarter of 2013.

Buffett Would ‘Love’ $15 Minimum Wage

March 3, 2014 2:32 pm | by Joel Hans, Managing Editor, | News | Comments

Buffett said: “If you could have a minimum wage of $15 and it didn't hurt anything else, I would love it. But clearly that isn't the case.”                                       


Manufacturers Optimistic Overall, But Energy Costs Are A Concern

March 3, 2014 1:33 pm | by Tia Nowack, Associate Editor, IMPO | News | Comments

Like their peers in other sectors, industrial manufacturing CEOs are much less worried about the global economy than last year, although exchange rate volatility and energy costs are still big concerns.              

U.S. Manufacturing Hurt By Winter Weather

March 3, 2014 11:50 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. manufacturing expanded more quickly last month, but a measure of production fell to its lowest level in nearly five years, likely a casualty of severe winter weather.               

Energy Costs Boost Consumer Spending In Jan.

March 3, 2014 10:16 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The Commerce Department says that spending rose 0.4 percent in January following a tiny 0.1 percent gain in December.                        

Buffett: Economy Continues Steady Growth

March 3, 2014 8:54 am | by Josh Funk, AP Business Writer | News | Comments

Buffett says the economy continues the steady improvement that began in fall of 2009 and he remains optimistic about the future.                       

China Manufacturing Weakens In February

March 3, 2014 8:49 am | by Joe McDonald, AP Business Writer | News | Comments

China's manufacturing weakened in February and employers cut staff at the fastest rate in nearly five years, a survey showed Monday.                       

Obama Challenges Congress To Help Create Jobs

March 3, 2014 8:09 am | News | Comments

President Obama is challenging Congress to help him create jobs and rebuild the nation's infrastructure.                  Rewind: Boeing's Spy Phone; Detroit's UAW Worries

February 28, 2014 2:41 pm | News | Comments

Check out some of this week's top headlines from across, from a phone that can self-destruct from an airplane manufacturer to more stress for Detroit from the United Auto Workers union.          

Consumer Confidence Rises In February

February 28, 2014 2:07 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

A rising stock market and a more optimistic outlook among younger Americans pushed up a measure of U.S. consumer sentiment in February.                      

Economy Expands At 2.4 Percent Rate In 4Q

February 28, 2014 8:45 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. economy grew at a 2.4 percent annual rate, significantly slower than first thought, reflecting slower consumer spending than initially estimated.                  

Biden Tells Dems Not To Apologize

February 27, 2014 2:39 pm | by Josh Lederman and Ken Thomas, Associated Press | News | Comments

Vice President Joe Biden says his central message to Democrats is not to apologize for the party's policies heading into the 2014 midterm election.                               

NAM: Economic Growth Depends On Comprehensive Tax Reform

February 27, 2014 2:13 pm | News | Comments

"Comprehensive reform carries with it serious effects on our economy, along with the potential to unleash significant growth if done well," according to NAM.                                

MAPI: Durable Goods Down, But Outlook Still Up

February 27, 2014 11:03 am | by Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

While on the surface the report seems alarmingly negative, it is not. Civilian aircraft orders declined 20.3 percent in January and 22.3 percent in December; aerospace has an extremely volatile order book month to month but its backlogs extend many years into the future.

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