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Daily news and top headlines for manufacturing professionals

Seattle May Lead Nation To $15 Minimum Wage

May 15, 2014 12:03 pm | by Manuel Valdes, Associated Press | News | Comments

While the Seattle mayor is proposing to raise the wage to $15 in the coming years to the highest level in the nation, some activists say that's too slow and are threatening to take the issue to voters with a ballot measure that would force a raise sooner.

Consumer Prices Rise By Most In 10 Months

May 15, 2014 11:15 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Higher food and gas costs pushed up U.S. consumer prices in April by the most in 10 months, evidence that inflation is ticking up from very low levels.                  

U.S. Factory Output Retreats In April

May 15, 2014 10:17 am | by Paul Wiseman, AP Economics Writer | News | Comments

U.S. factory output slid last month after two months of strong growth. Manufacturers produced less furniture, machinery and plastics.                            


Fewest Americans In 7 Years Seek Unemployment Benefits

May 15, 2014 9:43 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The number of people seeking U.S. unemployment benefits fell to the lowest level in seven years last week, a sign the job market is steadily improving.                  

Businesses Boosted Stockpiles 0.4 Percent In March

May 13, 2014 3:24 pm | News | Comments

The Commerce Department says stockpiles rose 0.4 percent after a 0.5 percent rise in February. Sales in March jumped 1 percent, the largest advance since May, after a 0.9 percent February increase.           

U.S. Retail Sales Up Slightly In April

May 13, 2014 2:12 pm | News | Comments

The Commerce Department says retail sales rose just 0.1 percent last month, after surging 1.5 percent in March following a harsh winter that had curtailed shopping.                 

U.S. Aims To Boost Small Business Exports

May 13, 2014 10:54 am | News | Comments

Seeking to boost exports, the Obama administration is launching a new initiative aimed at helping small- and medium-sized businesses sell their products in new markets overseas.            

U.S. On Track For Narrowest Budget Gap Since '08

May 12, 2014 2:18 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. government ran a big surplus in April, thanks to a flood of tax payments that helped keep the budget on track for the lowest annual deficit in six years.                


President To China: Get Used To Slower Growth

May 12, 2014 8:09 am | News | Comments

President Xi Jinping's comments come amid weakening trade and manufacturing. Economic growth slowed in the latest quarter to 7.4 percent after last year's full-year expansion of 7.7 percent tied 2012 for the weakest performance since 1999.            

House Votes To Make R&D Tax Credit Permanent

May 9, 2014 11:22 am | by Stephen Ohlemacher, Associated Press | News | Comments

The House voted Friday to make permanent a tax credit that rewards businesses for investing in research and development, adding $156 billion to the budget deficit over the next decade.             

Job Openings Slip In March After Strong Gain

May 9, 2014 11:08 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. employers advertised slightly fewer jobs and slowed hiring a bit in March, though the declines came after healthy gains the previous month. The figures suggest the job market is improving in fits and starts.        

MAPI: Public Policy Uncertainty Plays Role In Restraining Business Investment And Economic Growth

May 9, 2014 9:54 am | News | Comments

The report highlights the severe decline in inflation-adjusted business investment and the recovery’s slow pace in the 2008-2009 recession cycle and uses private nonresidential investment—equipment, structures, and intellectual property—as an example.

Applications For Unemployment Aid Fall To 319K

May 8, 2014 8:41 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The number of Americans seeking unemployment benefits fell 26,000 last week to 319,000, the latest sign that the job market is slowly improving.                               


Applicants, Bosses Get Blamed As Jobs Go Unfilled

May 7, 2014 11:24 am | by Joyce M. Rosenberg, AP Business Writer | News | Comments

It's a situation that's leading small business owners wading through piles of resumes to an unhappy conclusion: The job applicant pool is full of unskilled, unreliable slackers.                    

U.S. Productivity Falls In 1Q

May 7, 2014 10:18 am | by Josh Boak, AP Economics Writer | News | Comments

U.S. productivity fell in the first quarter while labor costs rose, reflecting the economic slowdown caused at the start of the year by harsh winter weather.                            

Obama's Advisers Set To Spill Details On Great Recession

May 7, 2014 8:03 am | by Julie Pace, AP White House Correspondent | News | Comments

The back-to-back memoirs from former Secretary of State Hillary Clinton and ex-Treasury Secretary Timothy Geithner will be the latest installments in what has become an often awkward Washington ritual: one-time confidants signing big book contracts to examine a presidency that is still ongoing.

Slowing Chinese Economy Likely To Pinch U.S.

May 7, 2014 7:53 am | by Paul Wiseman and Joe McDonald, AP Business Writers | News | Comments

In an interconnected global economy, bad news for one economic superpower is typically bad news for another — even a fierce rival.                                   

House GOP Budget Spares Weapons, Military Benefits

May 6, 2014 3:18 pm | by Donna Cassata, Associated Press | News | Comments

House Republicans spare aircraft, bases and personnel benefits from defense budget cuts by chipping away at money the Pentagon spends in preparing the military for war.              

White House Urges U.S. CEOs To Avoid Russian Forum

May 6, 2014 1:02 pm | by Jim Kuhnhenn, Associated Press | News | Comments

Top executives at major United States companies are reconsidering or withdrawing their participation in a Russian international economic forum after being pressed by the Obama administration to drop out amid the growing crisis in Ukraine.       

Chinese Manufacturing Shrinks For 4th Month

May 5, 2014 8:17 am | by Kelvin Chan, AP Business Writer | News | Comments

China's manufacturing contracted in April for the fourth straight month but the pace of decline was less severe, suggesting the downturn in the world's No. 2 economy is bottoming out.             

ISM: Solid Numbers All Around

May 2, 2014 2:17 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Articles | Comments

Economic activity in the manufacturing sector expanded in April for the 11th consecutive month, and the overall economy grew for the 59th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. Rewind: Tesla's Gigafactories; U.S. Loses Billions

May 2, 2014 12:38 pm | News | Comments

Check out some of this week's top headlines from across, from Tesla to break ground at two 'gigafactory' sites to the U.S. losing $11.2 billion on the General Motors bailout.           

Puerto Rico Tries To Retain Young Workers

May 2, 2014 12:12 pm | News | Comments

Puerto Rico's governor has filed legislation aimed at retaining young workers and reversing an exodus of people moving to the U.S. mainland amid economic problems.                

SPI: Chicago's Plastic Bag Ban Could Kill Manufacturing Jobs

May 2, 2014 12:06 pm | News | Comments

"[The ban] will result in forcing consumers to use products such as reusable bags, which are mostly imported from China, made from foreign oil and are not recyclable," said SPI President and CEO William R. Carteaux.          

Factory Orders Increase In March

May 2, 2014 10:35 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Orders to U.S. factories advanced strongly for a second month in March while demand in a key category that signals business investment plans increased by the largest amount in more than a year.           

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