Consumer prices may increase as much as 3.7% over a year ago, which is the biggest jump in nearly a decade, sparking stronger debate over […]
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Weak April jobs report a warning of long road ahead
The U.S. economy added just 266,000 jobs in April––far short of the expected gain of one million or more––casting doubt on the prospect of a swift recovery and raising concerns about possible labor shortages.
U.S. Manufacturing in April Dips Slightly but Remains Strong
May 3, 2021 by Juliet Jeske The U.S. manufacturing sector dipped slightly in April but is still showing tremendous momentum which is a sign that […]
Five Things to Watch for in March’s International Trade Report
The United States Bureau of Economic Analysis will release March’s international trade report on Tuesday. Economists expect both imports and exports to lift and the trade deficit to widen to a record high as the U.S. economic recovery fires on all cylinders.
Pandemic disrupts supply chains and drives new era of techno-nationalism
These disruptions have brought supply chains of critical industries to the fore, revealing deep dependencies on China and its neighbors. The shortage has prompted a bipartisan push to restore semiconductor manufacturing in the United States, which has atrophied since the 1990s. While supply chains were moved overseas to cut costs, many companies are reevaluating potential tradeoffs in security. In light of the pandemic, government and private sector reassessments may usher in a retreat from globalization and a new era of “localization.”
Experts weigh-in on looming semiconductor threat to new vehicle market
Before the pandemic wrecked manufacturing channels, automakers were already dealing with a crisis. “Even before the chip thing happened, production was not up to speed […]
Manufacturing in the U.S. Hits a 37-year High in March, Showing Signs of a Strong Recovery
By Juliet Jeske April 1, 2021 The manufacturing sector continued its non-stop growth in March reaching its highest level since December 1983, a sign that […]
Energy prices surged in March while inflation fears inch forward
Consumer prices increased in March as gas prices continued to skyrocket. The Consumer Price Index increased 0.6% in March, the Bureau of Labor Statistics said […]
Orders for workout equipment soared during the pandemic. It’s part of a larger transformation in the fitness industry
When the COVID-19 pandemic forced gyms to close, Cory Zuccaro was among the wave of people who turned their home into their own personal gym. […]
Both imports and exports fell for the first time since May
Extreme weather events and supply chain congestion restrain strong demand By Jo Constantz Both exports and imports fell in February for the first time since […]