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The Mind-Blowing Scale Of Holiday Hiring

November 26, 2014 1:20 pm | by Adecco | News | Comments

The scale of holiday hiring in the U.S. is truly mind-blowing. Find out more about the 300,000 seasonal hires made just by the five biggest retailers--Macy's, Target, Kohl's, J.C. Penny, and Wal-Mart--the amount of spending on holiday shopping, and the effects on the economy...

3 Reasons Shoppers Will Spend Cautiously This Season

November 26, 2014 12:36 pm | by Anne D'Innocenzio, Christopher Rugaber, AP Business Writers | News | Comments

Falling gas prices. Soaring stock market. Unemployment at a six-year-low. All signs point to a...

White House Veto Threat Puts Business Tax Credits On Ice

November 26, 2014 12:19 pm | by Andrew Taylor, The Associated Press | News | Comments

The White House is working feverishly to quickly scuttle a congressional effort to permanently...

EU Proposes $380B Economy Investment Plan

November 26, 2014 11:52 am | by Raf Casert, The Associated Press | News | Comments

The European Union's executive is proposing a 315-billion euro ($380 billion) investment plan to...

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Daily news and top headlines for manufacturing professionals

U.S. Consumer Spending Up 0.2% In Oct

November 26, 2014 11:42 am | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. consumers spent modestly more in October, a slight improvement after no gain at all in the previous month. The Commerce Department said Wednesday that consumer spending rose 0.2 percent last month, while September was revised from a decline to a flat..

AAM Asks Americans To Buy American-Made Over Holidays

November 26, 2014 10:37 am | by Maura Falk, Associate Editor, Industrial Maintenance & Plant Operations | News | Comments

Thanksgivings is almost upon on. Families are getting ready to sit down for turkey dinners, the T.V’s are cued to football and the Macy’s Day Parade, and some are even preparing for Black Friday shopping. And with Black Friday bearing down, The Alliance for American Manufacturing is...

Applications For U.S. Jobless Aid Jump To 313K

November 26, 2014 9:43 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The number of people seeking U.S. unemployment benefits jumped last week, pushing total applications above 300,000 for the first time in nearly three months. Weekly applications rose 21,000 to a seasonally adjusted 313,000, the Labor Department said Wednesday. That's the highest level since the...

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U.S. Orders For Durable Goods Up 0.4%

November 26, 2014 9:08 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Orders to U.S. factories for long-lasting manufactured goods rose in October, but a key category that tracks business investment plans declined sharply for a second straight month. Orders for durable goods increased 0.4 percent last month following a 0.9 percent drop in September and an even...

Food Manufacturer Expands In Chicago Suburbs

November 26, 2014 4:09 am | by The Associated Press | News | Comments

A California-based fresh food manufacturer is expanding in the Chicago suburbs. Gov. Pat Quinn's office announced in a news release on Tuesday that Fuji Food Products Inc. is opening a $2.5 million food processing and distribution facility in South Elgin that is expected to create 110 jobs. ...

MAPI Foundation Economic Forecast: Jobs, Replacement Demand Highlight Growth

November 25, 2014 5:12 pm | by Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

Strong growth in jobs plus replacement demand for equipment from businesses will provide a stable base for overall economic growth, according to a new report. The MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity and Innovation, released its quarterly economic...

As OPEC Faces Tough Test, Lower Oil Prices Loom

November 25, 2014 1:12 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

These are the moments OPEC exists for: A sharp drop in global oil prices has reduced the amount of money OPEC countries take in by nearly $1 billion a day. The 12-member group's purpose is to coordinate how much oil is produced in order to keep prices high and stable and maximize...

OK's Gas Price Falls For 27 Straight Days

November 25, 2014 12:59 pm | by The Associated Press | News | Comments

Gasoline prices are down in Oklahoma — and they keep falling. AAA Oklahoma said Tuesday that the retail price for regular gasoline in the state has fallen for 27 consecutive days. The average pump price for regular gasoline was about $2.61 on Tuesday, down 41 cents...

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U.S. Economy Reports Strongest Quarter Growth In Years

November 25, 2014 12:52 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. economy grew at a solid 3.9 percent annual rate in the July-September period, even faster than first reported, giving the country its strongest six months of growth in more than a decade. The third quarter growth rate climbed from an initial estimate of 3.5 percent because of greater...

Stocks Open Higher Following Strong U.S. Growth

November 25, 2014 10:09 am | by The Associated Press | News | Comments

U.S. stocks are opening higher after news that the U.S. economy grew at a solid 3.9 percent annual rate in the July-September quarter. The rate of growth reported by the government early Tuesday was even faster than first estimated. The expansion gave the U.S. its strongest six months of growth in...

Japan's Young Fret As Unexpected Recession Hits

November 24, 2014 12:06 pm | by Elaine Kurtenbach, AP Business Writer | News | Comments

When Prime Minister Shinzo Abe responded to Japan's surprise recession by delaying a sales-tax increase, it was a cause for worry, not celebration, for many young Japanese. This generation, barely aware of their country's economic heyday, frets that putting off tough decisions...

China, Europe Chase Growth Amid Global Slowdown

November 24, 2014 9:52 am | by Joe McDonald, AP Business Writer | News | Comments

China's central bank unexpectedly slashed interest rates on Friday to re-energize the world's No. 2 economy, joining a growing list of major economies that are trying to encourage growth in the face of a global slowdown. The president of the European Central Bank said Friday he was ready to step up stimulus...

Oct Jobless Rate In NC Drops To 6.3%

November 24, 2014 9:47 am | by Emery P. Dalesio, The Associated Press | News | Comments

North Carolina's unemployment rate in October dropped to 6.3 percent, down from 6.7 percent in September, the state Commerce Department reported Friday. The state's 4.2 million nonfarm jobs in October outstripped the number of positions that existed when the country's Great Recession began...

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Syngenta Eliminates 1.8K Jobs

November 24, 2014 4:06 am | by The Associated Press | News | Comments

Agrochemicals giant Syngenta says it is eliminating or reshuffling 1,800 jobs globally as part of a $1 billion cost-cutting program to boost earnings. The Basel, Switzerland-based manufacturer, which is one of the world's largest suppliers of seeds and crop chemicals and has more than 28,000...

Most U.S. Unemployed Don't Get Benefits: Here's Why

November 21, 2014 2:08 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Even though the U.S. job market is gaining strength, there are still a lot of unemployed Americans. Yet only a fraction of them are receiving financial aid from the government. Fewer than 25 percent of those out of work are signed up for weekly unemployment benefits, a near-record low since the...

Unemployment Rates Fall In Two-Thirds Of U.S. States

November 21, 2014 12:09 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Unemployment rates fell in 34 U.S. states in October, a sign that steady hiring this year has been broadly dispersed through most of the country. The Labor Department said Friday that unemployment rates rose in just 5 states, the fewest since April. Rates were unchanged in 11 states. Steady...

Economists Predict Continued MI Job Growth

November 21, 2014 11:06 am | by The Associated Press | News | Comments

Michigan's economy will continue to improve over the next two years after five years of steady job growth, University of Michigan economists said Friday in an annual forecast. In their November outlook, George Fulton, Joan Crary and Donald Grimes predicted that the state will add a total of more...

Can Low Oil Prices Be Good For The Environment?

November 21, 2014 10:30 am | by Jonathan Fahey, AP Energy Writer | News | Comments

Deepwater drilling rigs are sitting idle. Fracking plans are being scaled back. Enormous new projects to squeeze oil out of the tar sands of Canada are being shelved. Maybe low oil prices aren't so bad for the environment after all. The global price of oil has plummeted 31 percent in just five months, a steep...

MN Unemployment Rate Continues To Fall

November 21, 2014 10:12 am | by The Associated Press | News | Comments

Minnesota's unemployment fell to an eight-year low in October, dropping to less than 4 percent, and the state has added nearly 50,000 jobs so far this year, according to state employment data released Thursday. Marking a steady trend in the state, seasonally adjusted employment figures show that 3.9 percent...

U.S. Consumer Prices Unchanged In Oct

November 20, 2014 4:00 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. consumer prices were unchanged in October as a fourth straight decline in gasoline costs helped to keep inflation at bay. The steady reading for inflation last month followed a tiny 0.1 percent increase in September and a 0.2 percent drop in August, the Labor Department said...

NAM: Coalition Representing U.S. Economy Calls For Extension Of Temporary Tax Provisions

November 20, 2014 1:51 pm | by Jamie Hennigan, National Association of Manufacturers | News | Comments

More than 500 organizations representing millions of individuals, businesses of all sizes and community development and nonprofit organizations delivered a letter to Congress today urging policymakers to work together during the lame-duck session to extend seamlessly, enhance...

Applications For U.S. Unemployment Benefits Fall To 291K

November 20, 2014 1:45 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The number of people applying for U.S. unemployment benefits declined slightly last week, suggesting that job gains should remain solid. Weekly applications for jobless aid fell 2,000 to a seasonally adjusted 291,000, the Labor Department said Thursday. The four-week average, a...

Gauge Of U.S. Economy Posts 0.9% October Gain

November 20, 2014 11:12 am | by Martin Crutsinger, AP Economics Writer | News | Comments

An index designed to predict the future health of the economy rose in October at the fastest pace in three months. The Conference Board said Thursday that its index of leading indicators increased 0.9 percent last month following a 0.7 percent rise in September, which had been initially reported...

Philly Area Factories Growing By Most In 21 Years

November 20, 2014 10:33 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Manufacturing in the Philadelphia region grew at the fastest pace in nearly 21 years, a sign that factory output may be picking up nationwide. The Federal Reserve Bank of Philadelphia says its index of regional factory activity jumped to 40.8 in November from 20.7 in...

China Manufacturing Activity At 6-Month Low

November 19, 2014 10:07 pm | by Kelvin Chan, AP Business Writer | News | Comments

Manufacturing activity in China fell to a six-month low in November, reflecting sluggishness in the world No. 2 economy and weakness abroad, according to an early survey of factory conditions released Thursday. HSBC's preliminary purchasing managers' index fell to 50.0 this month from 50.4 in...

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