The manufacturing sector contracted for the second month in a row in November as lower overall demand and persistent labor shortages took their toll, the Institute for Supply Management reported on Friday. … READ MORE >
manufacturing
RSM US Manufacturing Outlook Index: Slowdown even as jobs recover
Even with the overall pullback in manufacturing activity, employment in the sector has rebounded. After decades of decline, there are now as many goods-producing jobs in the American economy as in 2008. … READ MORE >
Industrial production posts biggest drop this year amid strikes
Production of motor and vehicle parts fell by 10% in October, marking the biggest drop since the beginning of the pandemic. … READ MORE >
Workforce, trade, capital: Conference highlights top manufacturing sector issues in Canada
Workforce dynamics, productivity, advanced technology investments and trade policies are some of the critical issues defining the future of Canada’s manufacturing sector. … READ MORE >
Canada’s October jobs report: Cooling manufacturing labor market
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 >
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 >
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 >
Manufacturing sentiment improves for the first time in nearly a year
The sector’s overall index rose to 49% in September from 47.6% earlier, while the production subindex rose to 52.5% from 50%. … 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 >