WASHINGTON—Orders to U.S. factories for long-lasting manufactured goods rose in July. The Commerce Department said Wednesday orders for durable goods increased 2 percent in July after a 4.1 percent gain in June.
WASHINGTON—Orders to U.S. factories for big-ticket manufactured goods posted a sizable gain in June, but the advance was fueled by higher demand for commercial aircraft. Outside of this volatile category, a key category that represents business investment rose by a far more modest amount.
CHICAGO—The rise of the U.S. dollar against the euro and other world currencies over the past year has reduced the cost-competitiveness of U.S. manufacturing compared with economies such as Germany, France, Japan, Australia and Brazil. However, the U.S. still maintains a significant cost advantage over these economies, and therefore manufacturers are unlikely to shift production to other nations, according to The Boston Consulting Group.
DETROIT—Wayne County, MI, has the best manufacturing economy in the United States, according to a report on job creation released Tuesday. Wayne tops the list of U.S. counties in creating manufacturing jobs, with the addition of 4,225 jobs in 2014, according to the report by Headlight Data.
WASHINGTON—Solid job growth is finally boosting paychecks for the rest of us. Incomes for the bottom 99 percent of American families rose 3.3 percent last year to $47,213, the biggest annual gain in the past 15 years, according to the Washington Center for Equitable Growth.
WASHINGTON—The U.S. economy added 223,000 new jobs in April, a return to solid growth likely to ease fears of a significant spring slowdown. The jobless rate dropped to 5.4 percent, the lowest level since May 2008.