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.
Inventory and weather-related volatility clearly played a part in the January swoon but the late 2013 data clearly overstated the underlying growth performance of a factory sector that, remarkably, has yet to regain all of the output lost in the Great Recession.
The U.S. unemployment rate plunged in April to its lowest level since September 2008 as employers added 288,000 jobs, the most in two years.
U.S. manufacturing grew faster in April than in March as exports picked up and factories accelerated hiring.
Chinese manufacturing grew weakly in April, suggesting a slowdown in the world's second-largest economy is stabilizing, an industry group said Thursday.
U.S. consumers ramped up spending in March at the fastest pace in 4½ years, a sign the economy is gaining momentum after its winter slowdown.
The number of Americans applying for unemployment benefits rose last week to the highest level since February, more disappointing news for an economy that is supposed to be gaining momentum.
U.S. consumer confidence fell in April over concerns about hiring and business conditions, even though many people foresee a strengthening economy in the months ahead.
U.S. businesses boosted hiring in April, according to a private survey, a sign the economy may improve after a sluggish start this year.
The Commerce Department says growth slowed to a barely discernible 0.1 percent annual rate in the January-March quarter, the weakest since the end of 2012.
China is on track to become the No. 1 economy by sheer size by the early 2020s and possibly sooner. But its leaders downplay such comparisons, possibly to avert pressure to take on financial obligations or make concessions on trade or climate change.
In the first quarter of 2014, the total value for merger and acquisition (M&A) activity in the industrial manufacturing sector surpassed both the previous quarter and the same time period in 2013, largely driven by the successful completion of several mega deals, or transactions worth more than $1 billion.
Still, the economists remain optimistic that Beijing's high-stakes drive to reform its economy — the world's second-largest — will bolster Chinese banks, ease the lending bubble and benefit U.S. exporters in the long run.
The International Monetary Fund raised its economic growth forecast for China on Monday but warned that its financial system faces risks due to the rapid expansion of debt.
According to a report compiled by AUVSI last year, drones have the potential to create more than 100,000 jobs and more than $80 billion in economic growth between now and 2025.
U.S. consumer confidence surged in April, approaching the highest level since the recession began in 2007 as Americans reported greater optimism about their financial situation and the economy.
U.S. manufacturers have grown more competitive over the past decade compared with factories in China, Brazil and most of the world's other major economies.
Big companies are finally starting to spend money, and that could mean a better economy and more jobs are on the way.
China's government says it will open 80 projects in eight state-run industries to private and foreign investors as part of efforts to make its slowing economy more productive.
The number of people seeking U.S. unemployment benefits surged 24,000 to a seasonally adjusted 329,000 last week, though the gain likely reflected temporary layoffs in the week before Easter.
Orders to U.S. factories for long-lasting manufactured goods posted a solid gain for the second straight month in March. A key category that signals business investment plans increased at the fastest pace in four months.
A recent survey from Entrada Group titled “Where in the World?” posits a rather interesting conclusion: the U.S. is now considered the prime location for low-cost manufacturing, with Mexico a close second, and China — once the mecca of cheaply-produced goods — falling far behind. It’s a far cry from the trends over the last few decades.
But finding work — especially a dream job — remains tough for those just graduating. Many are settling for jobs outside their fields of study or for less pay than they'd expected or hoped for.
The reality is that today’s big corporations are really only focused on three things — cost reduction, profitability, and increasing returns to their investors. They are not moral, patriotic, loyal, or immoral, and we cannot and should not depend on them to devote anything more then lip service to the plight of the middle class or the decline of American manufacturing.