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California Unemployment Rate Stays At 7.4 Percent

September 19, 2014 1:55 pm | by The Associated Press | News | Comments

California's unemployment rate was unchanged for a third month, holding at 7.4 percent in August, officials said Friday.The state added 44,200 nonfarm jobs during the month, bringing the total to 15.5 million, the California Emloyment Development Department...

Ohio Unemployment Rate Unchanged For August

September 19, 2014 9:52 am | by The Associated Press | News | Comments

Ohio's unemployment rate for August was unchanged from the previous month, according to state...

NAM Welcomes Extension Of Internet Tax Moratorium

September 19, 2014 9:40 am | by National Association of Manufacturers | News | Comments

National Association of Manufacturers Vice President of Tax and Domestic Economic Policy Dorothy...

Alibaba Poised To Surge On The NYSE

September 19, 2014 9:32 am | by Mae Anderson, The Associated Press | News | Comments

Chinese e-commerce powerhouse Alibaba's began trading on the New York Stock Exchange today in a...

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The Manufacturing Day 'Challenge'

September 18, 2014 12:38 pm | by Anna Wells, Executive Editor, IMPO | Articles | Comments

Every year around election season, it seems manufacturing becomes the topic du jour. Recently, U.S. Senator Chris Coons’ (D-Del.) office announced a bipartisan bill designed to help schools strengthen their engineering programs to meet the growing...

Deconstructed Locomotive Will Power Nigeria’s Economy

September 18, 2014 12:07 pm | by GE Report | News | Comments

Nigeria has fast become Africa’s largest economy, but its infrastructure is still lagging. The electrical grid is so unpredictable that many businesses use natural gas to produce their own power. But that’s not enough. Sand and water often clog up pipelines and idle generators...

Nestle Creates 8K New Positions In Europe

September 18, 2014 11:48 am | by John Heilprin, Associated Press | News | Comments

Some 200 companies on Thursday pledged to create new work and training opportunities for Europe's young jobseekers, of which one out of four is unemployed.The alliance of major companies, including Nestle and Google, aims to create tens of thousands additional...

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Dayton Leaders Considering Tax Deal For Medical Device Facility

September 18, 2014 11:36 am | by Cornelius Frolik | News | Comments

The owners of a medical-device manufacturing company plan to build a multimillion-dollar facility in north Dayton, creating at least 50 middle-class jobs within about two years. KBK Eight Properties wants to construct a 75,000-square-foot facility in...

How Technology is making Manufacturing Profitable … Again

September 18, 2014 10:56 am | by Mnet Staff | Webinars

Potentially overused terms like renaissance and resurgence can become cliché very quickly. However, references to profitability, growth and expansion never go out of style for manufacturers. Our  webinar features a panel of industry experts breaking down and analyzing ...

UPS Begins Hiring For 2014 Holiday Season

September 18, 2014 9:24 am | by UPS | News | Comments

UPS® announced today that it expects to hire between 90,000-95,000 seasonal employees to support the anticipated holiday surge in package deliveries that will begin in October and continue through January 2015. The company is gearing up...

U.S. Economic Rebound Slow To Reach Philadelphia

September 18, 2014 12:41 am | by Hope Yen - Associated Press | News | Comments

The nation's economic recovery has been slow to reach the Philadelphia metropolitan area, hurt in part by an exodus of residents and a continued collapse in mid-wage jobs, new census data show. Across the U.S., many metropolitan areas saw declines in median household income from 2010 to 2013,...

5 Things Small Businesses Need To Know This Fall

September 17, 2014 1:44 pm | by Joyce M. Rosenberg - AP Business Writer | News | Comments

What do small business owners need to pay attention to this fall? Heath care, Internet Security and new technology make the list. Here are five things that small businesses need to be on top of over the next several months...   

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MAPI Quarterly U.S. Industrial Outlook: Broad-Based Growth

September 17, 2014 10:07 am | by Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

U.S. manufacturing is poised for steady growth through 2016, according to the MAPI Foundation’s U.S. Industrial Outlook, a quarterly report that analyzes 27 major industries. The MAPI Foundation is the research affiliate of the Manufacturers Alliance for Productivity and Innovation. Manufacturing industrial production increased at a 4 percent annual rate in the...

Financial Markets Awaiting News On Interest Rate Increase

September 17, 2014 12:44 am | by Martin Crutsinger - AP Economics Writer | News | Comments

Financial markets are awaiting the end of a Federal Reserve meeting Wednesday to see whether the Fed sends any clearer signal about the timing of an interest rate increase. The phrase that investors will be alert for is "considerable time." The presence or absence of those two words is viewed as...

Business Roundtable Says U.S. CEOs Less Optimistic About Spending, Hiring

September 16, 2014 4:46 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Optimism among chief executives at the largest U.S. companies fell in the July-September quarter after reaching a two-year high in the previous quarter. The Business Roundtable said Tuesday that its CEO outlook index fell to 86.4 in the third quarter, down from 95.4 in the April-June period. Fewer CEOs expect to...

New York Manufacturing Reaches Five Year High

September 16, 2014 4:40 pm | by CNBC | Videos | Comments

Manufacturing activity in New York State accelerated at its fastest pace in nearly five years in September, topping expectations for a far more moderate improvement, the New York Federal Reserve said...        

Tesla Q&A On Nevada 'Gigafactory'

September 16, 2014 9:34 am | by Scott Sonner, Associated Press | News | Comments

Now that Gov. Brian Sandoval has signed into law a package of incentives for Tesla Motors worth up to $1.3 billion, the electric-car maker is moving ahead with plans to build a $5 billion lithium battery factory expected to open in 2017 and employ 6,500 workers to make cheaper batteries so it can afford to...

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Hundreds Of Workers On Strike At Lear Plant

September 15, 2014 5:14 pm | by Charles D. Wilson, The Associated Press | News | Comments

Hundreds of workers protesting what some are calling "fast-food-like" wages walked off the job Saturday at a Lear Corp. plant in northwest Indiana that makes automotive seats, beginning a strike that could affect a major Ford assembly plant in Chicago. The plant, about 28 miles southeast of...

Report: Manufacturers Collecting More Data, Unsure How To Use It

September 15, 2014 5:05 pm | by The Economist Intelligence Unit | News | Comments

A new report published by The Economist Intelligence Unit shows that while most manufacturing firms have greatly increased the volume of data they collect from the shop floor over the past two years, many are struggling to get the most out of it. Manufacturing and the data conundrum: Too much? Too little? Or just right?, commissioned by Wipro, examines...

"An American Renaissance": Why Your Manufacturing Company Is Worth More Than You Think

September 15, 2014 3:24 pm | by Scott Sims | News | Comments

As the economy recovers, middle market manufacturing companies are poised to make a big comeback in terms of profitability and as appealing prospects for investors. Changing economic tides, a shortage of sellers, and trillions of investor dollars on the sidelines add up to...

Detroit Bankruptcy Trial May Be Suspended Again

September 15, 2014 11:03 am | by Ed White, Associated Press | News | Comments

The city of Detroit says it has ironed out details of a settlement with a major opponent in its bankruptcy case.The disclosure was made as a judge resumed the trial Monday after a three-day break. The timeout allowed Detroit and bond insurer Syncora to finish...

U.S. Factory Output Drops 0.4% In August

September 15, 2014 9:39 am | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. manufacturing output declined in August for the first time in seven months, reflecting a sharp fall in production at auto plants. The Federal Reserve says output at manufacturing plants fell 0.4 percent in August after a 0.7 percent...

Scotland’s Fight For Independence And The Manufacturing Sector

September 12, 2014 10:49 am | by Bridget Bergin, Associate Editor | News | Comments

On Thursday, September 18th, every registered voter in Scotland over the age of sixteen will be asked to answer a massively important question: “Should Scotland be an independent country?” If Scotland’s people vote “yes,” the entire structure of the UK will never look the same again, and Scotland will transform from...

U.S. Retail Sale Increase Led By Auto Spending

September 12, 2014 10:01 am | by Josh Boak, The Associated Press | News | Comments

Auto buying drove U.S. retail sales higher in August, a possible sign that job growth in recent months has led to accelerated consumer spending. The Commerce Department said Friday that seasonally adjusted retail sales rose 0.6 per cent compared with the prior month. Sales are up...

Nevada Governor Enacts Tesla Tax Break Package

September 12, 2014 3:46 am | by Scott Sonner - Associated Press | News | Comments

Calling it one of the most important pieces of legislation in Nevada history, Gov. Brian Sandoval signed into law Thursday night an unprecedented package of incentives to seal a deal to bring Tesla Motors' $5 million battery factory to the Silver State. The "gigafactory" is expected to bring more...

North Texas Drilling Adds $11.8B To Economy

September 11, 2014 11:31 am | by Emily Schmall, Associated Press | News | Comments

Production from the natural gas-rich Barnett Shale in North Texas has risen even as drilling activity and natural gas prices have fallen, according to a study commissioned by the Fort Worth Chamber of Commerce released Wednesday. The Waco, Texas-based Perryman Group analysis shows...

China's Auto Sales Slow In August

September 11, 2014 8:54 am | by Joe Mcdonald - AP Business Writer | News | Comments

China's auto sales growth decelerated further in August to 8.5 percent while sales of SUVs surged by nearly a third. Drivers in the world's biggest auto market by vehicle sales bought 1.5 million passenger cars in August, the China Association of Automobile Manufacturers said Thursday. Total...

U.S. Industry Pay Hikes Since The Recession

September 10, 2014 2:56 pm | by The Associated Press | News | Comments

Despite steady job growth and a drop in the unemployment rate from 10 percent during 2009 to 6.1 percent in August, most Americans have received little increase in pay. Average wages, before inflation, have risen only about 2 percent a year since the downturn ended five years ago. That's far below...

GE Transportation Hiring 50 Machinists In PA

September 9, 2014 4:31 pm | by The Associated Press | News | Comments

GE Transportation is seeking 50 skilled machinists to support an increase in production volume at its diesel engine plant in Grove City, Pennsylvania.In March 2014, GE Transportation announced a deal worth $700 million to supply 233 Evolution Series locomotives to...

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