Manufacturing Adds 15,000 Jobs in June

Average hourly wages in durable goods increased by 4.9%, year-over-year, as employers woo talent. Ryan Secard JUL 04, 2021 Manufacturing employment crept up slowly last month. On July 2, the Census Bureau’s latest Employment Situation report showed that goods-manufacturing businesses hired 15,000 more people in June after hiring 39,000 in May. That’s despite significant lossesRead More

Supply, Talent Shortages Weigh on Manufacturing Growth

The manufacturing sector grew last month for the thirteenth month running, albeit at a slightly slower pace than it had in May. The Institute for Supply Management, in its June report on manufacturing business, lowered its manufacturing PMI to 60.6%—above the 50% mark indicating growth, but 0.6 points lower than May’s 61.2% PMI. Results fromRead More

US unemployment claims fall to 376,000, sixth straight drop

By PAUL WISEMANJune 11, 2021 WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell for the sixth straight week as the U.S. economy, held back for months by the coronavirus pandemic, reopens rapidly. Jobless claims fell by 9,000 to 376,000 from 385,000 the week before, the Labor Department reported Thursday. The numberRead More

Producer prices climb 6.6% in May on annual basis, largest 12-month increase on record

PUBLISHED TUE, JUN 15 20218:34 AM EDTUPDATED TUE, JUN 15 202111:17 AM EDT Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOM Producer prices rose at their fastest annual clip in nearly 11 years in May as inflation continued to build in the U.S. economy, the Labor Department reported Tuesday. The 6.6% surge was the biggest 12-month rise in the final demandRead More

Reshoring Rose Significantly in 2020, Report Finds

The Reshoring Initiative said the push by companies to return operations to the U.S. was a COVID-19 silver lining. IW Staff JUN 02, 2021 During the COVID-19 pandemic, the U.S. found itself unexpectedly facing down a global pandemic it was not materially supplied for. Shortages of PPE and medical technology pushed 3M protective mask operationsRead More

Manufacturing in May Grows, Still Troubled by Supply Difficulties

Optimism is up among surveyed manufacturers after 12 solid months of growth. Ryan Secard JUN 01, 2021 According to the latest data from the Institute for Supply Management, expansion in manufacturing is still on the rise despite record-long lead times and wide-scale shortages of critical basic materials. The manufacturing sector as a whole has consistentlyRead More

The World Economy Is Suddenly Running Low on Everything

May 18, 2021 Bloomberg A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up. Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed atRead More

Job Satisfaction Remains High, Despite Pandemic

Employees are happy as many companies went above and beyond in supporting their workers during the pandemic, said the Conference Board EHS Today Staff APR 28, 2021 Despite the fallout from the pandemic -- an economic crisis, mass layoffs, and high unemployment -- the percent of employees reporting overall satisfaction with their jobs remained highRead More

Global Steel Demand Recovering in 2021

The World Steel Assn. forecasts steel demand growing by 5.8% to 1.87 billion metric tons this year, after a slight decrease in 2020, with an automotive sector rebound among the leading factors. APR 18, 2021 The World Steel Association forecasts that global steel demand will rise 5.8% this year to 1.87 billion metric tons, thenRead More

With China Policy in Tatters, OEMs Best Expect More Shortages

It's not just semiconductors; the US is at least a generation away from any kind of self-sufficiency in too many important areas. Paul Ericksen Eamon McKinney APR 14, 2021 Opinion/Analysis To say the recent America-China summit in Alaska didn’t go well would be a monumental understatement. It was no surprise to the Chinese contingent thatRead More