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Daily news and top headlines for manufacturing professionals

Obama: Stronger Ties With China Will Bring Jobs

November 10, 2014 1:57 pm | by USA Today | Videos | Comments

President Obama delivered a speech at an economic summit in Beijing on Monday, saying he wants the United States and China to strengthen ties that could lead to more jobs. He said the U.S. welcomes the rise of a prosperous and stable China...

OH County Holds Off On Fracking Due To Low Oil Prices

November 10, 2014 10:01 am | by The Associated Press | News | Comments

Officials in northeast Ohio say drilling in shale deposits is on hold due to decreasing oil prices.The Star-Beacon in Ashtabula reports that although geographic studies have shown there are large shale deposits throughout Ashtabula county, hydraulic fracturing, or fracking, is...

Why Many Aren't Celebrating Low Unemployment

November 10, 2014 9:46 am | by Josh Boak, AP Economics Writer | News | Comments

The unemployment rate no longer seems to reflect America's mood. Friday's strong jobs report showed that the jobless rate — the most closely watched gauge of the economy's health — is down to 5.8 percent. A year ago, the rate was 7.2 percent. Five years ago, it was 10...

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Detroit Begins Road To Recovery

November 9, 2014 12:04 pm | by Corey Williams, The Associated Press | News | Comments

The largest U.S. city to endure bankruptcy has exited insolvency $7 billion lighter in debt, but the effects of civic neglect linger for many in Detroit who still fall asleep to echoes of gunfire and awake surrounded by blocks and blocks of abandoned houses. A federal judge on Friday approved...

China's Xi Says Economy Shifting To Lower Growth

November 8, 2014 11:05 pm | by The Associated Press | News | Comments

Chinese President Xi Jinping says his country's economy is shifting to a "new normal" of slower but more stable growth. Xi also touted the benefits of Chinese development to the world in a speech Saturday to Asian business leaders gathered in Beijing, ahead of an Asia-Pacific...

Solid Hiring Provides Little Boost To Wages, Yet

November 7, 2014 5:04 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Healthy job growth in the United States has reached a level of consistency unseen in nearly two decades. In the same week that voters signaled discontent with the U.S. economy, the government issued a report that showed employers have added at least 200,000 jobs for nine straight months — the...

AAM Responds To Manufacturing Job Growth

November 7, 2014 2:31 pm | by The Alliance for American Manufacturing | News | Comments

The Department of Labor reported this morning that America's manufacturing sector added 15,000 jobs in October.  The #AAMeter, which tracks President Obama's promise to create 1 million new manufacturing jobs in his second term, boosts to +218,000 jobs, after positive revisions to...

Job Gains Top 200K For Ninth Month

November 7, 2014 2:15 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Three days after voters registered their sourness about the U.S. economy, the government said Friday that employers added a solid 214,000 jobs in October, extending the steadiest pace of job growth in nearly 20 years. In addition, a combined 31,000 more jobs were added in...

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SNC-Lavalin To Cut 4K Jobs

November 7, 2014 12:18 pm | by The Associated Press | News | Comments

Canadian engineering and construction giant SNC-Lavalin says it will reduce the company's global workforce by 4,000, or 9 percent of its total. The Montreal-based engineering and construction company said Thursday the job cuts are part of its ongoing efforts to...

Solid U.S. Hiring Likely, But Americans Are Anxious

November 7, 2014 3:04 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Just after a midterm election that was driven by voters' anxiety about the U.S. economy, the government is likely Friday to report the latest strong monthly job gain. Employers are expected to have added 230,000 jobs in October, according to economists surveyed by FactSet. That would be in line...

IN Panel Projecting Stronger Economy For 2015

November 6, 2014 12:04 pm | by The Associated Press | News | Comments

Indiana University economists projected Thursday that the number of people working in the state will return to its pre-recession peak next year. The panel from the Kelley School of Business released its annual economic forecast, saying Indiana is expected to see slightly less economic growth than...

Productivity, Labor Costs Rise In 3Q

November 6, 2014 10:06 am | by Bureau of Labor Statistics | News | Comments

Nonfarm business sector labor productivity increased at a 2.0 percent annual rate during the third quarter of 2014, the U.S. Bureau of Labor Statistics reported today, as output increased 4.4 percent and hours worked increased 2.3 percent. (All quarterly percent changes...

TX Leads Nation In New Oil, Natural Gas Jobs

November 6, 2014 9:55 am | by U.S. Energy Information Administration‎ | News | Comments

Texas added more than 19,000 new private sector jobs in oil and natural gas production in 2013, almost six times the number in New Mexico, which was the next highest state for oil and natural gas production jobs added last year. The extraction, drilling, and support...

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Applications For U.S. Unemployment Fall To 278K

November 6, 2014 9:33 am | by Josh Boak, AP Economics Writer | News | Comments

Fewer people applied for U.S. unemployment benefits last week, adding to signs that the job market should continue to improve. The Labor Department said Thursday that weekly applications fell 10,000 to a seasonally adjusted 278,000. The four-week average, a less volatile measure, declined...

NAM: Now Is The Time To Govern

November 5, 2014 2:02 pm | by National Association of Manufacturers | News | Comments

National Association of Manufacturers (NAM) President and CEO Jay Timmons released this statement on the results of the 2014 midterm election: "Manufacturers were engaged in this election more than ever before. Whether supporting pro-manufacturing candidates through the NAM’s Political Action...

U.S. Factory Activity Picks Up The Pace

November 5, 2014 11:12 am | by Paul Wiseman, AP Economics Writer | News | Comments

U.S. factories were busier in October, a sign that manufacturing is on sound footing despite growing concerns about the global economy. Orders, productivity and hiring all grew faster than they did in September, according to a private survey. The Institute for Supply Management, a trade group of...

U.S. Businesses Added 230K Jobs In October

November 5, 2014 10:02 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. companies added 230,000 jobs in October, the most in four months and a sign that businesses are still willing to hire despite signs of slowing growth overseas. Payroll processer ADP said Wednesday that the job gains were slightly ahead of the 225,000 added in September, which was revised up from an...

European Stocks Up While Asian Markets Down

November 5, 2014 9:57 am | by Youkyung Lee, AP Business Writer | News | Comments

European stocks rose on Wednesday and Wall Street was expected to edge higher on the open, despite losses in Asia. The price of oil continued to decline, however. KEEPING SCORE: Britain's FTSE 100 added 0.9 percent to 6,511.89 and France's CAC 40 climbed 1.4 percent to 4,186.08. Germany's DAX rose...

Manufacturing Growth: Missouri Got It Right

November 5, 2014 9:21 am | by Bridget Bergin, Associate Editor | Blogs | Comments

Missouri manufacturing is certainly having a moment. I recently chatted with Ms. Amy Susan, the Director of Communications and Marketing for the Missouri Department of Economic Development, and she shared some of what Missouri did right to revive its economic growth in the wake of the Great Recession. It seems that the key...

ISM: Manufacturing Continues Strong Growth Trajectory

November 4, 2014 1:21 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Articles | Comments

Economic activity in the manufacturing sector expanded in October for the 17th consecutive month, and the overall economy grew for the 65th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. Manufacturing expanded in October as the...

U.S. Factory Orders Slip In September

November 4, 2014 11:46 am | by Josh Boak, AP Economics Writer | News | Comments

Orders to U.S. factories declined in September, dragged by falling demand in the volatile aircraft category. The Commerce Department said Tuesday that orders retreated 0.6 percent in September, after having plunged 10 percent in August, also due largely to plummeting demand for...

Engine-Maker Rolls-Royce To Cut 2,600 Jobs

November 4, 2014 10:23 am | by The Associated Press | News | Comments

Airplane engine-maker Rolls-Royce Holdings PLC says it will reduce its staff by 2,600 over the next 18 months as part of a restructuring focused on its aerospace decision. The group warned last month that the tough economic climate meant it would have to increase its focus on costs. Chief Executive...

Consumers United: What's Your Role In Corporate Campaign Financing?

November 4, 2014 10:09 am | by Bridget Bergin, Associate Editor | Blogs | Comments

In honor of the Mid-term election voting today, I want to look at corporate campaign financing and easy consumer access to this information through a new app called BuyPartisan. Campaign finance reform has been a hot topic lately. This September, Senate Democrats led by...

Gas Nationwide Average Sits Under $3 At End Of October

November 4, 2014 9:43 am | by Jonathan Fahey, AP Energy Writer | News | Comments

The sight is so surprising that Americans are sharing photos of it: The gas station sign, with a price under $3 a gallon. "It's stunning what's happening here," says Tom Kloza, chief oil analyst at the Oil Price Information Service. "I'm a little bit shocked." The national average price of gasoline...

Big Data Connects Environment And Economics

November 4, 2014 9:32 am | by GE Reports | News | Comments

From space, Norfolk Southern’s 20,000-mile rail system resembles a neural network and it increasingly works like one, too. The railroad has rolled out a big data system called Movement Planner, which helps intelligently direct the hundreds of trains that ply its rails through 22 states...

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