flickr/rvaphotodude The Richmond Fed’s latest manufacturing report is out. The latest report from the Federal Reserve Bank of Richmond, reveals an unexpected decline in the manufacturing industry along the east coast. The headline index unexpectedly plunged to -11 in July from 8 in June. Economists predicted the index would rise to 9. Below is a.. Leer más →
Several weeks ago, Federal Reserve Chairman Ben Bernanke rattled economists by alluding to an imminent tapering of the Fed’s quantitative easing. The almost immediate reaction was a jump in interest rates, which quickly rose from the mid-3-percent range to above 4 percent, where it has hovered ever since. Rising Interest Rates Even after an announcement.. Leer más →
The Bureau of Labor Statistics reported that manufacturing job postings declined from 243,000 in April to 236,000 in May, according to the latest Job Openings and Labor Turnover Survey (JOLTS). This represents the third consecutive monthly decline in openings, down from 274,000 in February and 302,000 in May 2012. This data reflects recent weaknesses in.. Leer más →
Manufacturing jobs in the U.S. appear to be coming back—if ever so slightly. Several American firms, including Caterpillar, GE and Ford, have announced they’re shifting some manufacturing operations back to the United States, mainly because of increasing production and energy costs overseas. And since January of 2010, the United States has added 520,000 manufacturing jobs,.. Leer más →
U.S. manufacturing isn’t likely return to pre-recession levels for at least year and a half largely because the sector is grappling with weak demand for American exports and federal government cutbacks. “The manufacturing sector has yet to fully recover from the recession and will likely not reach its previous peak level of production until very.. Leer más →