WASHINGTON—The fewest Americans in seven years filed applications for unemployment benefits and consumer prices rose by the most in 10 months, adding to signs the economy is gaining momentum. Jobless claims dropped by 24,000 to 297,000 in the week ended May 10, the least since May 2007.
BREMEN, IN—Universal Bearings, a manufacturer of needle bearings, will invest $39.1 million to expand its assembly plant here, creating up to 78 new jobs by 2017.
MINERAL POINT, WI—Cummins Engineered Solutions has unveiled its expanded assembly plant here. The company added 20,000 square feet of production space.
ANDERSON, SC—Electrolux is investing $30 million in its assembly plant here, which produces top-mount refrigerators as well as under-the-counter models. This investment is in addition to a prior $30 million investment the company made recently in the facility, which added an R&D center and other improvements.
NORTH CHARLESTON, SC—After falling behind on 787 fuselage production, Boeing’s assembly plant here has hit targets set by management, and workers are on track to earn a one-time bonus of 8 percent of a year’s pay.
DETROIT—The Detroit Three still have poor relations with their supplier base compared with their Japanese competitors domestically, according to a survey released Monday by consulting firm Planning Perspectives Inc.
WHITEWATER, WI—Generac Power Systems, which makes generators, is part of a growing wave of U.S. manufacturers that have reshored production from China in the past year.
BEAUMONT, TX—HVAC manufacturer Air Comfort Inc. intends to build a new 18,000-square-foot office and assembly plant here next to its existing facility.
WASHINGTON—The North American Free Trade Agreement has proven to be a resounding success for U.S. manufacturing, according to a new report from the Manufacturers Alliance for Productivity and Innovation.
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