Supply Chain Professionals Optimistic About Jobs and Job Market

Well over half (54%) of professionals received a bonus award this year, which markedly climbed from 43% in 2020. MH&L Staff AUG 23, 2021 Seems things are looking up. Around 58% of professionals felt positive about the current job market, according to a  study released on August 17 from DSJ Globa. This is a big differenceRead More

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

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

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

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

Manufacturing in February: Rapid Growth Checked by Supply Hurdles

According to the ISM, U.S. industry is still bedeviled by supply inconsistencies despite growing production and demand. Data from the Institute for Supply Management show that the manufacturing sector grew in February at a faster rate than it had in January. The ISM’s Purchasing Manager’s Index hit 60.8, 2.1 points higher than January’s 58.7. ARead More

January Manufacturing Sustains Growth, Supply Difficulties

The Industry for Supply Management’s manufacturing index fell to 58.7%. Ryan Secard FEB 02, 2021 The manufacturing sector continued growing for an eighth straight month in January as the Institute for Supply Management’s Purchasing Manager’s Index for sector growth fell 1.8 points to 58.7% compared to December. The overall economy also grew, sustaining a parallelRead More

Nucor CEO says the US is losing a ‘trade war’ in steel to ‘predatory countries like China’

As Washington lawmakers wrestle over health care, Nucor CEO John Ferriola sees a much more pressing issue at hand that affects more than just his steel-producing company. "There's no doubt we're in a trade war. We are losing that trade war. It is time to take action to support the American industry and the American people. AndRead More

US steelmakers seeing light at end of tunnel: Nucor CEO

Washington (Platts)--23 May 2017 540 pm EDT/2140 GMT As steel has taken on a more prominent role in Washington in 2017, it's leading to a more positive outlook for US steel producers, according to Nucor CEO John Ferriola. "We can actually see a light at the end of the tunnel, and this time it's notRead More