US jobless claims plunge to 576,000, lowest since pandemic

Elyse Russo APR 15, 2021 / 08:02 AM CDT The number of Americans applying for unemployment benefits tumbled last week to 576,000, a post-COVID low and a hopeful sign that layoffs are easing as the economy recovers from the pandemic recession. The Labor Department said Thursday that applications plummeted by 193,000 from a revised 769,000 a weekRead More

Industrial Production Returns to Growth After February’s Storms Subside

U.S. manufacturing output rose 2.7% in March after falling almost 4% in February. IW Staff APR 15, 2021 The Federal Reserve reported on April 15 that industrial production in March rose 1.4%, returning to growth after an unseasonably stormy February knocked it down 2.6%. The report shows total industrial production rose 2.5% at an annualizedRead More

The economy is on the cusp of a major boom and economists believe it could last

PUBLISHED FRI, APR 9 2021 Patti Domm@IN/PATTI-DOMM-9224884/@PATTIDOMM The economy has entered a period of supercharged growth, and instead of fizzling, it could potentially remain stronger than it was during the pre-pandemic era into 2023. Economists now expect the second quarter to grow at a pace of 10%, and growth for 2021 is expected to be north of 6.5%.Read More

Is Your Future Talent Hidden in Plain Sight?

There are 28 million hidden workers according to the Harvard Business Project on Managing the Future of Work. Adrienne Selko APR 05, 2021 If you are like me, you struggle with understanding how so many jobs are going unfilled, and yet there are so many people out of work. Joseph Fuller, who is a co-chairRead More

March Manufacturing More than Doubles February’s Pace for New Hires

Manufacturers hired 53,000 more people in March as employment recovery picks up steam. APR 02, 2021 The Department of Labor’s most recent employment report reveals that the nonfarm economy added 916,000 jobs last month while manufacturing more than doubled the amount of jobs it gained in February. Manufacturing added 53,000 jobs in March after addingRead More

In Like a Lion: Manufacturing in March Grew for a Tenth Straight Month

Surveyed manufacturing executives are increasingly optimistic despite supply chain and talent struggles. Ryan Secard APR 02, 2021 March was a good month for manufacturing, according to the Institute for Supply Management. The ISM’s manufacturing Purchasing Manager’s Index rose 3.9 points from February to reach 64.7%, making March the tenth month of an expanding industrial economyRead More

US Manufacturing Sector Index Races to 37-year High in March: ISM

BY REUTERS   April 1, 2021 Updated: April 1, 2021   WASHINGTON—A measure of U.S. manufacturing activity soared to its highest level in more than 37 years in March, driven by strong growth in new orders, the clearest sign yet that a much anticipated economic boom was probably underway. The Institute for Supply Management (ISM) said on Thursday itsRead More

Private payrolls hiring bursts at fastest pace since September on rise in hospitality hiring

PUBLISHED WED, MAR 31 20218:15 AM Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOM Private payrolls in March expanded at the fastest pace since September as anticipation of a strong economic rebound coupled with aggressive vaccination rates pushed companies to hire, according to a report Wednesday from payroll processing firm ADP. Companies added 517,000 workers for the month, a healthy spikeRead More

63 Percent of Americans Want Government to Buy US-Made Goods, Even at Higher Cost: Poll

BY TOM OZIMEK March 30, 2021   A recent poll found that 63 percent of Americans want the government to buy goods made in the United States—even at a significantly higher cost. The Reuters-Ipsos poll, which was released on Tuesday, also showed that, while 69 percent of U.S. respondents believe a product being made in America is at leastRead More