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Daily news and top headlines for manufacturing professionals

China's Factory Index At 18-Month High

July 24, 2014 8:18 am | by Kelvin Chan, AP Business Writer | News | Comments

China's manufacturing rose in July to its highest level in 18 months, in a sign that mini-stimulus measures to shore up growth in the world's No. 2 economy have taken hold.                

Reid: Taxpayers Shouldn't Bankroll Companies That Outsource Jobs

July 24, 2014 7:48 am | News | Comments

"We need to close this indefensible loophole and instead start rewarding the companies that are doing the right thing and bringing jobs back to America," said Sen Debbie Stabenow, D-Mich.             

IMF Cuts Forecast For U.S. Economic Growth

July 23, 2014 12:44 pm | News | Comments

The International Monetary Fund has shaved its forecast for U.S. economic growth this year, mostly because of a sharp contraction in the first quarter.                 

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Could The U.S. Dip Into Recession?

July 23, 2014 7:56 am | by Bernard Condon, AP Business Writer | News | Comments

Sluggish growth in France, Italy, Russia, Brazil and China suggests that the old truism, "When the U.S. sneezes, the rest of the world catches a cold," may need to be flipped.               

Michigan Approves 9 Projects To Add 3,900 Jobs

July 22, 2014 5:18 pm | News | Comments

Michigan approved state incentives for nine economic development projects expected to bring about 3,900 jobs, nearly half from General Motors consolidating engineering jobs from outside the state at a site in Michigan.       

Why American Manufacturing Is Vital To Future Prosperity

July 22, 2014 10:16 am | by Hillary Schaub and Darrell M. West, Brookings | Blogs | Comments

Manufacturing supports the economies of local communities in ways that do not show up in national reports. It also accounts for a large percentage of R&D spending and American patents.                  

China, Venezuela Deepen Economic Ties

July 22, 2014 7:56 am | News | Comments

Venezuela's socialist government has received roughly $50 billion from China in recent years, paying for the loans with petroleum exports.                   

Rhode Island Tied For Worst Jobless Rate

July 21, 2014 3:06 pm | News | Comments

The U.S. Bureau of Labor Statistics released unemployment rates for all 50 states on Friday. Rhode Island has had the highest rate in the U.S. for months.                           

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Survey: Companies Report Rising Sales, Employment In 2Q

July 21, 2014 11:47 am | News | Comments

Rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a new survey by the National Association for Business Economics.           

Private Jet Recovery From Recession Uneven

July 21, 2014 10:03 am | by Stephen Singer, AP Business Writer | News | Comments

The improving market has not been universal. Signs of strength have been in large-cabin planes, while sales of small and mid-sized planes stall.                      

Unemployment Down In 22 States In June

July 18, 2014 12:53 pm | News | Comments

Unemployment rates dropped in 22 U.S. states last month and stayed the same in 14, as the nation at large posted a fifth straight month of solid hiring.                 

Philly Factory Growth Fastest In 3 Years

July 18, 2014 12:30 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Manufacturing in the Philadelphia region surged in July, expanding at its fastest pace in more than three years, as new orders, shipments, and hiring all rose.                

Labor Force Drop Had Pre-Recession Roots

July 18, 2014 11:34 am | by Jim Kuhnhenn, Associated Press | News | Comments

Declaring the Great Recession only partly to blame, White House economists say the increasing number of Americans dropping out of the labor force dampens economic growth and demands policy changes that create more job opportunities and add workers.

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Gauge Of U.S. Economy Rises In June

July 18, 2014 10:51 am | by Martin Crutsinger, AP Economics Writer | News | Comments

A gauge designed to predict the economy's future health increased in June for a fifth consecutive month, supporting the view that economic growth should accelerate in the second half of this year.                 

UK Employment Rate Reaches Record High

July 17, 2014 11:31 am | by Pan Pylas, Associated Press | News | Comments

The proportion of workers in Britain has hit its joint-highest level since records began more than 40 years ago, official figures showed in a further sign of the strength of the U.K. economic recovery.          

Unemployment Aid Applications Drop To 302K

July 17, 2014 10:29 am | by Josh Boak, AP Economics Writer | News | Comments

The number of people seeking U.S. unemployment benefits fell last week, a steady decline that suggests a strengthening job market.                    

Pickup In China's Growth Reassuring But No Game Changer

July 17, 2014 8:03 am | News | Comments

A pickup in China's growth has fortified confidence the world's second-biggest economy is stabilizing as the past decade's explosive growth decelerates to the 7 percent range.                  

Fed Survey Sees Improved Economy

July 17, 2014 7:45 am | by Martin Crutsinger, AP Economics Writer | News | Comments

A Federal Reserve survey indicates the economy kept expanding in all regions of the country in June and early July, helped by strength in consumer spending.                    

Factory Output Rises For 5th Straight Month

July 16, 2014 10:27 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The modest gain underscored manufacturing's role in helping return the economy to growth after a grim first quarter.                       

Delaware Expanding Research Tax Credit

July 16, 2014 7:59 am | News | Comments

Small business owners in Delaware are eligible for an expanded tax credit with the signing of a new law by Gov. Jack Markell.                        

Yellen: Economy Needs Fed Support

July 15, 2014 1:25 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.         

Brewery Boom Is A Bright Spot For New Mexico Economy

July 15, 2014 1:20 pm | by Susan Montoya Bryan, Associated Press | News | Comments

That frosty tide of smooth, golden brown craft beer has finally come in, and it's helping to quench this drought-stricken state's thirst for jobs and economic development.                   

Audit Finds Failed Sugar Mill Cost Taxpayers $71M

July 14, 2014 12:10 pm | by Melinda Deslatte, Associated Press | News | Comments

Louisiana lost more than $71 million in taxpayer money on a failed sugar cane mill in Jefferson Davis Parish that was sold for scrap late last year, according to an audit released Monday.           

White House Says 2014 Deficit To Drop To $583B

July 14, 2014 7:48 am | by Andrew Taylor, Associated Press | News | Comments

The government's budget deficit will drop to $583 billion this year, the lowest level of President Barack Obama's tenure, the White House said.                           

China Accused Of 'Gluttonous, Naked Aggression'

July 11, 2014 2:10 pm | by Matthew Pennington, Associated Press | News | Comments

"Any military in the world that uses its power to bully, intimidate and destabilize the economy of the world, is not in the United States' best interests, nor of our allies nor our friends," Rep. Rogers said.          

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