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Is ‘Low-Cost’ Manufacturing Headed To The U.S. Next?

April 23, 2014 9:12 am | by Joel Hans, Managing Editor, Manufacturing.net | Articles | Comments

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.

Job Market For College Grads Improves

April 22, 2014 2:23 pm | by Paul Wiseman, AP Economics Writer | News | Comments

But finding work — especially a dream job — remains tough for those just graduating. Many are...

We Are In The Post-Industrial Economy

April 21, 2014 1:25 pm | by Mike Collins, Author | Blogs | Comments

The reality is that today’s big corporations are really only focused on three things — cost...

Gauge Of U.S. Economy Up

April 21, 2014 10:47 am | News | Comments

A measure of the U.S. economy's health rose in March for the third consecutive month, a sign of...

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Daily news and top headlines for manufacturing professionals

Advice To Democrats: Don't Say 'Recovery'

April 18, 2014 3:20 pm | by David Espo, AP Special Correspondent | News | Comments

Election-year memo to Democratic candidates: Don't talk about the economic recovery. It's a political loser.                           

Unemployment Rates Fall In 21 States

April 18, 2014 10:45 am | by Josh Boak, AP Economics Writer | News | Comments

More than two-thirds of the states reported job gains in March, as hiring improves for much of the country during what has been a sluggish but sustained 4 1/2-year recovery.                        

3 Lessons Learned From The Trenches

April 18, 2014 10:11 am | by Cindy Glass, Line/Shape/Space | Articles | Comments

We got so swept away with the romance of designing products that we never had the hard conversations about managing money, decision-making, roles and responsibilities, and growth.                 

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Optimism On U.S. Economy Highest Among Manufacturers In Eight Years

April 18, 2014 10:01 am | by PwC US | News | Comments

Optimism around the prospects of the U.S. economy during the next 12 months rose among U.S. industrial manufacturers to 71 percent in the first quarter of 2014, from 68 percent in the previous quarter and 55 percent in the first quarter of 2013.

CBO: Boosting Minimum Wage Would Cost Firms $15B

April 17, 2014 2:08 pm | News | Comments

The Congressional Budget Office estimates that a Senate Democratic proposal gradually boosting the minimum wage to $10.10 hourly would force businesses to spend $15 billion more in salaries in 2017.             

MAPI Business Outlook: Manufacturing Finds Its Footing

April 17, 2014 10:44 am | by The Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

The survey’s composite index is a leading indicator for the manufacturing sector. The March 2014 composite index improved to 69 from 67 in the December 2013 survey — the fifth straight quarterly advance and the highest level since the March 2011 reading of 72.

Applications For Jobless Aid Edge Up

April 17, 2014 10:32 am | by Josh Boak, AP Economics Writer | News | Comments

The number of people seeking U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels despite the slight increase.           

Fed: Growth Picks Up Across Most Of U.S.

April 17, 2014 8:28 am | by Paul Wiseman, AP Economics Writer | News | Comments

A Federal Reserve survey shows economic growth picking up across most of the United States over the past two months as bitter winter weather subsided.                   

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Mentors Help Minority Companies Accelerate Growth

April 16, 2014 2:10 pm | by Joyce M. Rosenberg, AP Business Writer | News | Comments

Minority business accelerators have launched in a handful of metropolitan areas in recent years as local businesses, chambers of commerce and economic development groups work to create more jobs and improve the quality of life in their regions.   

MAPI: Output Shows 'Moderate Growth' Future For Manufacturing

April 16, 2014 10:59 am | by Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

The Federal Reserve reported that total industrial production (consisting of manufacturing, mining, and utilities) grew 0.7 percent during March. Manufacturing, which accounts for the lion’s share of total industrial production, grew a healthy 0.5 percent.

U.S. Factory Output Extends Solid Gains

April 16, 2014 10:04 am | by Josh Boak, AP Economics Writer | News | Comments

U.S. factory output rose further last month, extending strong growth from February after harsh weather had caused production to tumble in January. Manufacturers produced more furniture, clothing, chemicals and aerospace products.       

Consumer Prices Up Slightly In March

April 15, 2014 11:21 am | by Josh Boak, AP Economics Writer | News | Comments

The Labor Department said Tuesday that the consumer price index rose 0.2 percent in March, after scant 0.1 percent increases in the previous two months.                 

USMTO: Manufacturing Technology Orders Down In February

April 14, 2014 5:07 pm | by AMT – The Association For Manufacturing Technology | News | Comments

 This total, as reported by companies participating in the USMTO program, was down 6.6% from January and down 6.2% when compared with the total of $377.82 million reported for February 2013. With a year-to-date total of $733.82 million, 2014 is down 0.6% compared with 2013.

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Japan Mulls Reducing Corporate R&D Tax Breaks

April 14, 2014 3:21 pm | News | Comments

The government is considering reducing tax breaks for corporate research and development if the corporate income tax rate is cut as sought by Prime Minister Shinzo Abe.               

Business Increased Stockpiles 0.4 Percent In February

April 14, 2014 11:32 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The Commerce Department says stockpiles increased 0.4 percent in February following a similar 0.4 percent increase in January. Sales rose 0.8 percent in February, bouncing back after a 1.1 percent sales decline in January.          

World Trade Expected To Improve Next Year

April 14, 2014 10:32 am | News | Comments

The World Trade Organization predicts global commerce will grow 5.3 percent next year, an improvement that would bring it back in line with its 1993-2013 historic average.               

Retail Sales Strong In March

April 14, 2014 8:39 am | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of autos, furniture and a number of other products.                  

Producer Prices Rise In March

April 11, 2014 8:50 am | by Josh Boak, AP Economics Writer | News | Comments

The Labor Department says the producer price index, which measures price changes before they reach the consumer, rose 0.5 percent in March.                     

U.S. Budget Deficit Falls To $37B

April 10, 2014 3:41 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The U.S. government's budget deficit shrank to just $37 billion in March from $107 billion in the same month last year, the latest sign of improvement in the nation's finances.               

Palmetto State Armory To Expand S.C. Plant, Hire 300

April 10, 2014 2:35 pm | by Joel Hans, Managing Editor, Manufacturing.net | News | Comments

South Carolina-based gun manufacturer Palmetto State Armory (PSA) has announced plans to expand its facility in Lexington, S.C., with a $4.2 million investment.                            

Applications For Jobless Aid Dip To 300K

April 10, 2014 8:43 am | by Josh Boak, AP Economics Writer | News | Comments

The number of people seeking U.S. unemployment benefits dropped to the lowest level in almost seven years, falling 32,000 last week to a seasonally adjusted 300,000.               

Wholesale Stockpiles Up 0.5 Percent In February

April 9, 2014 2:27 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. wholesale businesses increased their stockpiles for an eighth consecutive month in February as their sales rose at the fastest clip since November, good signs for future economic growth.           

Biden Swears In Head Of Small Business Agency

April 8, 2014 12:18 pm | News | Comments

Contreras-Sweet says entrepreneurs are the difference-makers in the U.S. economy and that SBA plays a pivotal role in helping them overcome hurdles.                   

Employers Advertise More Jobs In February

April 8, 2014 11:35 am | by Josh Boak, AP Economics Writer | News | Comments

U.S. employers posted more job openings in February, a sign that hiring will likely improve in the months ahead.                         

IMF Says World Economy Is Stronger But Faces Threats

April 8, 2014 9:59 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The global economy is strengthening but faces threats from super-low inflation and outflows of capital from emerging economies, the International Monetary Fund warns.                

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