The broader economic slowdown with fewer job vacancies and growing labor participation suggests that the momentum in wage growth may begin to wane. … READ MORE >
Industrials
Job openings top estimates amid sharp drop in manufacturing
Job openings edged up in September as labor demand remained strong while the manufacturing sector declined at a faster rate than expected. … READ MORE >
RSM US Manufacturing Outlook Index: Financing costs and UAW strike take toll
Rising yields as well as the UAW strike contributed to a pullback in manufacturing in the United States into October, with the RSM US Manufacturing Outlook Index slipping to 1.3 standard deviations below normal. … READ MORE >
Construction employment: Kickstarting the reindustrialization of the American economy
Public policy put in place in recent years points toward a tailwind for both construction employment and the manufacturing sector. … READ MORE >
UAW strike and Unifor bargaining: Impact on Canada’s auto sector
Within the automotive manufacturing ecosystem, key areas that will be affected by the labor action and contract negotiations include supply chains, inventories, costs and pricing and the EV transition. … READ MORE >
The UAW strike’s potential impact on U.S. auto sector
This work stoppage comes at a time when many companies are already facing margin compression. Investments in automation and other technologies can help businesses weather these challenges. … READ MORE >
The looming government shutdown’s potential impact on manufacturers
A shutdown would slow imports and exports, delay compliance and permitting processes and affect government funding to support midsize manufacturers. … READ MORE >
RSM US Manufacturing Outlook Index: Four months of improvements at risk
Three of the five regional Federal Reserve surveys reported increased activity during the month, while the Philadelphia and Kansas City regions reported significant contractions. … READ MORE >
Business equipment spending rebounds
Business orders for equipment rebounded in August after falling for two straight months, an encouraging sign for American businesses. … READ MORE >
Potential impact of UAW strike would not be sufficient to cause recession
Our back-of-the-envelope estimate indicates that the economy would suffer a modest 0.1% drag during the current quarter should the action last for a month. … READ MORE >