Tag: economy

April 16, 2021

Industrial Production Returns to Growth After February’s Storms Subside

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

April 13, 2021

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

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

April 7, 2021

Is Your Future Talent Hidden in Plain Sight?

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

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

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

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