Category: Industry News

January 9, 2023

Latest Reports Show Manufacturing Jobs Overall Stable Despite Persistent Churn

Latest Reports Show Manufacturing Jobs Overall Stable Despite Persistent Churn

Jan. 6, 2023 Manufacturing added a net 8,000 jobs last month, but with serious discrepancies between hiring in durable and nondurable goods industries. Ryan Secard A pair of reports released by the Bureau of Labor Statistics this week shows that manufacturing employment remains stable despite significant churn and persistently high job openings. The latest ofRead More

January 6, 2023

A Talent Shortage Is the Perfect Time to Invest in Your Existing Team

A Talent Shortage Is the Perfect Time to Invest in Your Existing Team

Jan. 4, 2023 With competition for talent fierce in the New England biotech industry, medical device manufacturer KMC Systems tried a different approach. Scott Leon The med tech and biotech industries are booming in New England. In Massachusetts alone, the biopharma sector grew 13.2% last year, and the state is the largest recipient of NIHRead More

January 5, 2023

Companies Are Gritting Their Teeth and Hiring

Companies Are Gritting Their Teeth and Hiring

Labor market remains surprisingly robust despite concerns about the economy Even as manufacturers became gloomier, according to a report released Wednesday, they stepped up hiring By Justin Lahart – Wall Street Journal A lot of businesses are feeling morose about where the economy is heading. And yet they still are looking to hire more workers.Read More

July 13, 2022

Congratulations to WorldBridge Partners Affiliate “The Photonics Group” in the news!!

Congratulations to WorldBridge Partners Affiliate “The Photonics Group” in the news!!

In the news almost daily, the impact of the James Webb Space Telescope (JWST) is now being fully felt and appreciated by astronomers and the public alike. The project, which began in the early 2000s, was designed to be a replacement for the Hubble Space Telescope. The JWST now sits at the outer reaches ofRead More

May 11, 2022

Manufacturing Wages Lag US Average in Era of Amazon

Manufacturing Wages Lag US Average in Era of Amazon

May 10, 2022 Manufacturing wages were once a stable way to make solid middle-income wages. What does it mean if they're not keeping up? Ryan Secard Bureau of Labor Statistics, Department of Labor Manufacturing jobs aren’t what they used to be. Long seen as a dependable way to earn a middle-class living without a degree,Read More

March 30, 2022

Manufacturing Quits Up 7% in February As Hiring Growth Lags

Manufacturing Quits Up 7% in February As Hiring Growth Lags

March 29, 2022 According to the latest government data, 22,000 people quit their durable goods manufacturing jobs last month, a 13.3% increase over the previous month. Ryan Secard The private economy remains troubled by competition for talent, and the latest figures from the U.S. Department of Labor pose concerns for manufacturers looking to keep their workers.Read More

July 15, 2021

Manufacturing Adds 15,000 Jobs in June

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

April 20, 2021

Global Steel Demand Recovering in 2021

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

March 29, 2021

Global Steel Output Slowing Again

Global Steel Output Slowing Again

Steel production declined about -8.8% worldwide from January to February, with notable tonnage decreases in all of the largest producer nations, but the year-over-year result showed an encouraging 4.1% rise in output. MAR 25, 2021 Global steel production fell to 150.2 million metric tons during February, about 14.8 million metric tons or -8.8% less thanRead More

March 15, 2021

Survey: 88% of Manufacturers Optimistic about 2021

Survey: 88% of Manufacturers Optimistic about 2021

The National Association of Manufacturers’ quarterly record of manufacturer optimism hit its highest point in two years. IW Staff MAR 09, 2021 Most U.S. manufacturers see clear skies ahead, according to a new survey released by the National Association of Manufacturers. A majority, 87.6% of 450 respondents, of small, medium and large businesses reported feelingRead More