A group that supports a higher state minimum wage has ended its bid for a November ballot question, saying it was no longer necessary now that lawmakers had approved a bill that would give Massachusetts the highest minimum wage among states by 2017.
Factory activity in China expanded in June for the first time this year, according to an HSBC report Monday, adding to signs that the slowdown in the No. 2 economy is stabilizing as recent micro boosting measures take hold.
The first-ever United Nations Environmental Assembly is underway in Nairobi, Kenya, where more than 150 high-level delegations are addressing environmental sustainability challenges.
After decades of siphoning jobs from the United States, China is creating some. Chinese companies invested a record $14 billion in the United States last year, according to the Rhodium Group research firm. Collectively, they employ more than 70,000 Americans, up from virtually none a decade ago.
Manufacturing in the Philadelphia region expanded at a faster pace in June for the fourth straight month, led by more new orders and greater hiring.
Check out some of this week's top headlines from across Manufacturing.net, from Indian factory workers killing the CEO over a dispute about work hours to a Chinese-made phone that comes with spyware.
In many states, the efforts are opposed by state officials concerned that local minimum wages could create a confusing patchwork of wage rules. Opponents also say higher wages could force businesses to cut jobs or raise prices.
A gauge designed to predict the economy's future health increased for a fourth month in May, providing further evidence that the economy is gaining strength after a harsh winter caused activity to go into reverse.
Massachusetts moved closer to instituting the nation's highest minimum wage among states under a bill approved Wednesday by the state House of Representatives.
Fewer Americans sought unemployment benefits last week, as the number of people collecting jobless aid fell to its lowest level in more than six years.
Japan logged its 23rd successive month of trade deficits in May, as exports and imports both declined despite signs of recovering demand in the U.S. and Europe.
The Federal Reserve has sharply cut its forecast for U.S. growth this year, reflecting a shrinking economy last quarter caused mostly by harsh weather.
A drop in U.S. exports and lower income from overseas investments drove the U.S. current account deficit to its highest level in 18 months.
Surrounded by an array of gadgets and high tech equipment, Obama pledged to boost American manufacturing and to give entrepreneurs greater access to production tools that would help bring their ideas to fruition.
The report offers economic forecasts for 23 of the 27 industries. MAPI anticipates that 20 industries will show gains in 2014, 2 will remain flat, and just paper production will decline.
Optimism among chief executives of large U.S. companies has reached a two-year high, driven by greater optimism about hiring and sales.
U.S. consumer prices increased in May by the largest amount in more than a year as the cost of food and gasoline showed big gains and airline fares jumped by the largest amount in 15 years.
The increase has been a top second-term political priority for the president and his allies in Congress, but it is stalled in the Republican-led House of Representatives.
The report is a very positive confirmation that the manufacturing sector will continue to grow faster than the general economy this year and next. Growth is driven by a ramping up of the housing supply chain.
The International Monetary Fund foresees the U.S. economy growing a modest 2 percent this year, below its previous estimate of 2.7 percent.
U.S. manufacturing output rose in May after in shrinking in April, led by greater production of autos, computers and furniture.
The downfall of manufacturing in the U.S. has done more than displace workers and leave communities searching for ways to rebuild devastated economies.
The prices U.S. companies receive for their goods and services fell in May, driven lower by cheaper food and gas, evidence that inflation is mild.
Historically, at this stage in the economy's recovery, pay would be rising in most sectors. But five years after the Great Recession officially ended, raises remain sharply uneven across industries and, as a whole, have barely kept up with prices.