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 whether a growing economy and ample stimulus is igniting inflation. Wednesday’s report from the Bureau of Labor Statistics will show sluggish progress in indexes like […]
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.
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 the economy is headed for a robust recovery from the COVID-19 crisis. The April Manufacturing Purchasing Managers Index, a monthly survey of the manufacturing industry, […]
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.
The Bureau of Economic Analysis will release the personal income report from March on Friday, which is expected to show the most promising sign of economic recovery since the onset of the COVID-19 pandemic. Impact of Stimulus Checks The consensus amongst economists anticipates a personal income growth of at least […]
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.”
The Commerce Department releases its advance report on durable goods – a key indicator of future manufacturing activity – on Monday. The report, based on results obtained from 4,300 manufacturers, is expected to provide more proof that the economy is ramping up faster than anticipated. Here are five things to […]
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 with demand,” said Michelle Krebbs, an executive analyst at Autotrader. “The hottest things are pickup trucks and sport utility vehicles. They just have not gotten […]
There is one thing on Amber Colon’s mind in the coming days, her birthday trip to Universal and Disney World in Orlando, Fla. Like most Americans, Colon spent her first two stimulus checks on paying off her credit card bills and using it to support herself. However, the 23-year-old is […]
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 the U.S. economy is headed for a healthy recovery after a massive contraction due to the COVID-19 virus. The March Manufacturing PMI registered 64.7%, an […]