KILDEER, IL--Last year, combined reshoring and foreign direct investment (FDI) announcements surged, adding more than 171,000 jobs to the U.S. economy.
COLUMBUS, OH--A surge in auto-manufacturing jobs since the start of the decade provided a desperately needed lift for Ohio as it climbed out of the worst recession since the Great Depression. But, that growth has stalled, based on recent figures, and analysts expect the job totals to remain flat or even shrink.
WASHINGTON—Output at U.S. manufacturers rose for a second month in October, a sign the industry is gradually recovering from a prolonged period of weakness, according to the Federal Reserve.
It is too little and too late to keep writing “manufacturing matters.” Everything else in the economy is secondary to manufacturing, mining and farming. Only these activities build wealth.
WASHINGTON—U.S. manufacturers added 29,000 new jobs in January, after a net gain of just 33,000 in all of 2015, according to the Bureau of Labor Statistics.
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.
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.
WASHINGTON—The U.S. economy is expected to expand 3.1 percent in 2015, according to the National Association for Business Economics. It would be the first year of 3 percent growth since 2005.
WASHINGTON—The National Association for Business Economics (NABE) predicts that the U.S. gross domestic product will grow 3.1 percent in 2015—up from a 2.2 percent expansion this year. The NABE also predicts that the jobless rate will come down to 5.4 percent by the end of next year.
