Cheap oil continues to help and hurt US manufacturing. The automotive industry led manufacturing losses during the recession but has been an area of strength and growth for US manufacturing in the last few years. Sales of cars and light…
Author: Bruce Peacock
Manufacturing A Bit Sluggish In November
Reports are showing that the overall US economy grew for the 78th consecutive month, but US manufacturing has slowed a bit during the last couple of months. The recent ISM manufacturing index said that manufacturing numbers contracted in November for…
US Down To 5% Unemployment
Manufacturing has been flat the last couple of months, but the overall economy seems to be doing well. We are now at 5% unemployment which is considered the threshold for full employment by the Fed and many private economists. This…
Slower Growth For US Manufacturing
US manufacturing has slowed down slightly in the last few months. The recent ISM Manufacturing index highlighted that US Manufacturers are experiencing a slowdown in overseas markets as a result of the stronger US dollar and bloated inventories. Their data…
The Talent Gap Widens
Even with the recent fluctuations in Chinese and European economies, US Manufacturers are still seeing growth throughout most segments, and economists expect that trend to continue. More and more manufacturing executives are concerned about attracting, training, and retaining talent to…
Fundamental Economic Data Still Strong
US Unemployment is at record lows, but may be sneaking up a little in the next few weeks as global markets fluctuate a bit. At 5.3%, unemployment is now almost half of its peak of 10% in October 2009. The…
Manufacturers Poised For Solid 2nd Half of Year
The Institute for Supply Management recently reported that its purchasing managers’ index edged up to 53.5 in June from 52.8 in May. The ISM report showed factory orders and employment in June stood at their highest readings since December 2014. …
The War For Talent Continues
The War For Talent Continues More than a quarter-million Americans turn 65, and every month approximately 10,000 people retire. The recession may have delayed the inevitable for a time, but as the stock market continues to rebound there are signs…
Wages Are Starting To Rise
Recent reports showed that US employers added 3.1 million jobs in 2014, which was the strongest year of payrolls growth since 1999. The US unemployment rate fell to 5.6% by the end of 2014, down from 6.7% in December 2013. …
Thank Goodness for Spring
Thank Goodness for Spring The harsh winter weather definitely slowed US economic growth during the first quarter of 2015. The bad weather contributed to factory slowdowns and lackluster construction activity. Even with the cold and snow US unemployment numbers held…