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Daily news and top headlines for manufacturing professionals

Income Gap Widens As Factories Shut Down

June 16, 2014 7:57 am | by Michael Rubinkam, Associated Press | News | Comments

The downfall of manufacturing in the U.S. has done more than displace workers and leave communities searching for ways to rebuild devastated economies.                     

Cheaper Gas, Food Push Down Producer Prices

June 13, 2014 8:44 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

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.                   

Workers In Key Industries Get Most Pay Raises

June 13, 2014 8:27 am | by Bernard Condon, AP Business Writer | News | Comments

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.


U.S. Businesses Boost Stockpiles In April

June 12, 2014 11:57 am | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. businesses increased their stockpiles in April by the largest amount in six months, signaling business optimism that future demand will keep rising.                  

Retail Sales Rise For Fourth Straight Month

June 12, 2014 8:49 am | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. retail sales rose for a fourth straight month in May, adding to evidence that consumer spending will contribute to stronger economic growth.                             

Applications For Jobless Aid Up Modestly

June 12, 2014 8:45 am | by Josh Boak, AP Economics Writer | News | Comments

More Americans filed for unemployment benefits last week, but claims for jobless aid remain near pre-recession levels.                      

U.S. Records $130B Budget Deficit

June 12, 2014 7:54 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. government's monthly budget returned to deficit in May after a big April surplus. But the overall imbalance so far is far smaller than it was the same period last year, putting the country on track for the lowest annual deficit in six years.

Lawsuit Challenges Seattle's $15 Minimum Wage

June 12, 2014 7:51 am | by Gene Johnson, Associated Press | News | Comments

A new federal lawsuit is challenging Seattle's adoption of the nation's highest minimum wage as unfair to small franchises.                      


Lew: Economy Still Facing Major Challenges

June 11, 2014 9:27 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Treasury Secretary Jacob Lew says the economy should grow at much stronger rates the rest of this year as the country overcomes the impact of a harsh winter.                

Troubled Mining Industry Resurgent In Midwest

June 11, 2014 8:11 am | by John Flesher, Associated Press | News | Comments

White Pine's impending rebirth is almost miraculous to local residents who have borne the brunt of its demise, but it's part of something even bigger: a surprising resurgence of a mining industry that once was an economic pillar in three Upper Midwestern states.

Wholesale Stockpiles Rise 1.1 Percent In April

June 10, 2014 2:38 pm | by Josh Boak, AP Economics Writer | News | Comments

U.S. wholesale businesses built up their stockpiles of goods in April, a sign that companies expect stronger economic growth in the coming months.                    

GE Breaks Ground On $400 Million Advanced Manufacturing Facility

June 10, 2014 1:42 pm | by The Greenville Area Development Corporation | News | Comments

This first-of-its-kind facility in Greenville, South Carolina, will serve as an incubator for innovative advanced manufacturing process development and rapid prototyping.                     

Businesses Ramp Up Job Searches In April

June 10, 2014 12:21 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. companies advertised more jobs in April than in any month in six and a half years, a possible harbinger of strong hiring in the months ahead.                       


MAPI Economic Forecast: Investment Spending Will Drive Growth

June 9, 2014 12:18 pm | by The Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

The Manufacturers Alliance for Productivity and Innovation (MAPI) Quarterly Economic Forecast predicts that inflation-adjusted gross domestic product will expand 2.5 percent in 2014 and 3.2 percent in 2015. The former is a decrease from 2.8 percent and the latter equal to the 3.2 percent from MAPI’s March 2014 report.

Chinese Exports Rise, Imports Slip

June 9, 2014 10:49 am | News | Comments

China says its export growth accelerated in May but imports dipped in a mixed sign for the world's second-biggest economy.                      

Where Have All The Missing Workers Gone?

June 9, 2014 9:39 am | by Tom Raum, Associated Press | News | Comments

While the overall jobless level has dropped to non-recession levels, the number of the working-age people with jobs is barely over 6 in 10, hovering at a level reminiscent of the late 1970s.           

Survey: Growth To Pick Up, Hiring To Remain Steady

June 9, 2014 8:24 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. economic growth should accelerate in the second quarter and remain healthy for the rest of this year, according to a forecast by a group of U.S. business economists. Still, growth for the full year will likely come in lower than they previously estimated. 

Unemployment Rate Stays At 6.3 Percent

June 6, 2014 8:40 am | News | Comments

U.S. employers hired at a healthy pace in May for a fourth straight month, fueling hopes the economy will accelerate after a grim start to the year.                   

German Factory Orders Rebound Strongly

June 5, 2014 11:29 am | News | Comments

German factory orders rebounded in April, rising by a stronger-than-expected 3.1 percent compared with the previous month with help from a surge in demand from other countries in the eurozone.            

Why Does This Tax Credit Need A Revival?

June 5, 2014 10:57 am | by Joel Hans, Managing Editor, | Articles | Comments

The New Markets Tax Credit (NMTC) Program, established back in 2000 to spur economic development in blighted communities around the U.S., actually doesn’t exist anymore. But if the story of Mölnlycke Health Care and Brunswick, Maine, means anything, it's that the tax credit is about due to be revived.

Wal-Mart Facing Big Hurdles

June 5, 2014 8:48 am | by Anne D'Innocenzio, AP Retail Writer | News | Comments

Like many other retail chains that cater to working-class Americans, Wal-Mart is a victim of an uneven economic recovery that has benefited well-heeled shoppers more than those in the lower-income rungs.            

Applications For Jobless Aid Up Slightly

June 5, 2014 8:38 am | by Josh Boak, AP Economics Writer | News | Comments

Slightly more Americans sought unemployment benefits last week, but claims for jobless aid continue to hover near seven-year lows.                     

Fed: Economy Showing Improvement Across U.S.

June 4, 2014 2:19 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

A Federal Reserve survey shows the U.S. economy strengthening over the past two months in areas from manufacturing and construction to retail sales and bank lending.               

U.S. Trade Deficit At 2-Year High

June 4, 2014 10:00 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The Commerce Department says the deficit rose to $47.2 billion in April, up 6.9 percent from an upwardly revised March deficit of $44.2 billion.                   

Survey: Companies Added 179,000 Jobs In May

June 4, 2014 9:37 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Payroll processer ADP said Wednesday that private employers added 179,000 jobs last month, down from 215,000 in the previous month.                    

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