Economics | Manufacturing.net

COVID-19 Impact: 'When an Entire Supply Chain Falls Apart'

Despite widespread purchasing declines throughout manufacturing, bright spots persist.

In this April 24 file photo, empty United Airlines ticket machines are shown at the Tampa International Airport in Tampa, FL. United United Airlines will send layoff warnings to 36,000 employees - nearly half its U.S. staff - in the clearest signal yet of how deeply the virus outbreak is hurting the airline industry.

US Economy Stumbling as Pandemic Worsens

Six states representing one-third of the economy are reversing reopening plans, while plans are on pause in 15 other states.

Democratic presidential candidate, former Vice President Joe Biden speaks at Alexis Dupont High School in Wilmington, Del. on Tuesday, June 30.

Biden Calls For $700B+ ‘Buy American’ Campaign

He proposes tightening current “Buy American” laws that are intended to benefit US firms but can be easily circumvented by government agencies.

Mexico's President Andres Manuel Lopez Obrador speaks during an event.

Mexico Celebrates Start of New Trade Accord With US, Canada

Glen Buhlmann, lower left, fills out a job application during a walk- and drive-up job fair in Seattle, May 16, 2020.

US Adds 4.8M Jobs as Unemployment Falls

Residents wearing masks to curb the spread of the coronavirus past by a Huawei shop in Beijing.

China: US 'Oppressing Chinese Companies'

Manufacturing’s Top 5 Bounce Back Economies

The Washington Monument and U.S. Capitol at sunrise, March 18, 2020.

Senate Extends Small Business Relief Program

The unexpected maneuver extends the Paycheck Protection Program through August.

Employees work on a car assembly line.

Companies Prodded to Rely Less on China

The pandemic fueled warnings that relying too much on China leaves global companies vulnerable.

In this March 3, 2020 photo, Federal Reserve Chair Jerome Powell speaks during a news conference in Washington.

Powell: Recovery Unlikely Until Confidence Resumes

In testimony Tuesday, US Federal Reserve Chairman says the outlook for the US economy is "extraordinary uncertain".

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Man Convicted of Stealing High Tech Trade Secrets

The Chinese national stole smartphone technology from two U.S. companies.

Shoppers, left, head to the entrance as a sign on the outside wall invites customers to shop inside a Best Buy store.

US Consumer Spending Up 8.2%

Without the stimulus checks or an extension of unemployment aid, it's unclear whether consumers will keep spending freely.

President Donald Trump speaks during a visit to Fincantieri Marinette Marine on Thursday, June 25 in Marinette, WI.

Trump Boasts of 'Aptitude for Manufacturing' in WI Visit

Visiting the Fincantieri Marinette Marine shipyard, the President offered a rosy prediction for the coronavirus-battered economy.

In this April 21, 2020, file photo Treasury Secretary Steven Mnuchin speaks about the coronavirus in the James Brady Press Briefing Room of the White House in Washington.

US Sent $1.4B in Virus Relief to Dead People

The government has asked survivors to return the money, but it's not clear if they have to.

A worker pushes a cart past refrigerators.

Orders for US Big-Ticket Factory Goods Surge 15.8%

This was a significant rebound after a disastrous April and March.

In this July 22, 2019 photo, trucks hauling shipping containers wait to unload at the Port of Oakland in Oakland, Calif.

US Economy Shrank 5% in Q1

It's the sharpest quarterly decline since an 8.4% fall in Q4 of 2008.

In this March 19, 2020 file photo, a deserted construction site is pictured in Dardilly, near Lyon, central France. The virus crisis has triggered the worst global recession in nearly a century -- and the pain is not over yet even if there is no second wave of infections, an international economic report warned Wednesday.

IMF Downgrades Outlook for Global Economy

The revision predicts contraction that's significantly worse than the 3% drop it had estimated in its April report.

Apple retail store is closed at a local mall in Scottsdale, Ariz.

Apple Re-Closes Stores in 4 States

The move heightens concerns that the pandemic might keep the economy in the doldrums longer than expected.

A Google Maps street view of Tyson Foods' meat plant in Springdale, Arkansas.

Hundreds Test Positive at Ark. Tyson Plant

Tyson is looking into reports that China has suspended poultry imports from the facility.