Category: News

April 6, 2021

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

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

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
March jobs report is expected to be strong and show the beginning of a hiring surge

March jobs report is expected to be strong and show the beginning of a hiring surge

PUBLISHED THU, APR 1 20212:22 PM EDT Patti Domm@IN/PATTI-DOMM-9224884/@PATTIDOMM Americans are beginning to return to the workforce in big numbers, and that is likely to show up in the March employment report. Economists polled by Dow Jones expect to see 675,000 jobs added in March as the economy reopened more broadly, and the number ofRead More
Weekly jobless claims higher than expected despite signs of labor market improvement

Weekly jobless claims higher than expected despite signs of labor market improvement

PUBLISHED THU, APR 1 20218:30 AM Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOM First-time claims for jobless benefits were higher than expected last week, with 719,000 more workers heading to the unemployment line, the Labor Department reported Thursday. The total compared with the 675,000 estimate from Dow Jones and was above last week’s downwardly revised 658,000. While the number ofRead More

April 2, 2021

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

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

March 31, 2021

Consumer confidence surges to a pandemic high as hiring and the U.S. economy speed up

Consumer confidence surges to a pandemic high as hiring and the U.S. economy speed up

By Jeffry Bartash   U.S. consumer confidence index climbs to 109.7 from 90.4   The numbers: Consumer confidence surged in March to a one-year high as more Americans got vaccinated and the government doled out $1,400 stimulus checks in a boost to the economy. The index of consumer confidence shot up to 109.7 this month fromRead 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
New US Jobless Claims Drop Below 700,000, 1st Time Since Pandemic: Gov’t

New US Jobless Claims Drop Below 700,000, 1st Time Since Pandemic: Gov’t

The drop of 97,000 from the prior's week's upwardly revised figure was much better than analysts forecast. Agence France-Presse MAR 25, 2021 New filings for regular unemployment benefits in the United States dropped to 684,000 last week, the government said Thursday, their first reading below 700,000 since the pandemic sparked mass layoffs. The drop ofRead 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
Retail Will Grow Dramatically First Half of 2021

Retail Will Grow Dramatically First Half of 2021

"The supply chain slowdown we usually see after the holiday season never really happened this winter, and imports are already starting to grow again," said Jonathan Gold, of National Retail Federation. MH&L Staff MAR 09, 2021 As increased vaccination and continued in-store safety measures enable additional shopping options, imports at the nation’s largest retail containerRead More