While new U.S. tariffs apply to all steel and aluminum imports, Canada will be the most impacted country as it is the largest source of U.S. imports by far. … READ MORE >
manufacturing
Canada’s unemployment rate falls to 6.6% as business sentiment improves
Canada’s economic resurgence appears well under way as January saw 76,000 new jobs and a lower unemployment rate as business sentiment improved. … READ MORE >
Even with pause, Trump’s tariffs and Canada’s response establish volatile new economic reality
While a reprieve on tariffs may be welcomed, the back-and-forth between the U.S. and Canada laid bare Canada’s economic vulnerability amid ongoing political volatility. … READ MORE >
To contend with higher tariffs, businesses need to act now
Higher tariffs are likely over the next few years. In our estimation, firms do not have the luxury to wait and see how the policy changes turn out. … READ MORE >
Manufacturing sector jobs dipped in August
The manufacturing sector lost 24,000 jobs in August, following an upward-adjusted addition of 6,000 in July, according to the Bureau of Labor Statistics. … READ MORE >
Manufacturing sector declines at a slightly slower rate in August
A result of the slowdown was another month of employment declines, though at a slower pace at 46 compared to 43.4 in the prior month. … READ MORE >
Top 5 takeaways from MLC’s June manufacturing conference
From how manufacturers can secure their connected operations in the age of edge computing to how to ease the burden of technical debt, executives converged in Marco Island, Florida, last week to discuss the industry’s most pressing issues at the Manufacturing Leadership Council’s 2024 Rethink conference. … READ MORE >
Manufacturing added jobs in May, but still shows signs of softening
While federal employment numbers released Friday show the U.S. manufacturing sector added jobs in May, the sector also continued a gradual softening, according to data released earlier this week by the Institute for Supply Management. … READ MORE >
Manufacturing activity slows in May
Softer manufacturing sentiment in May is within our expectations as elevated interest rates continue to weigh on overall goods demand. … READ MORE >
RSM US Manufacturing Outlook Index: Decline continues in May
Surveys of manufacturing firms conducted by five regional Federal Reserve banks continue to show the negative impact of a tight monetary policy and the lagged effect of an aggressive fiscal policy. … READ MORE >