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Weekly Wrap Up For July 19th, 2019

Norbert Ore, Director of Industry Surveys with Strategas Research Partners, and a Senior Correspondent with Manufacturing Talk Radio, discusses the Strategas Global Survey Insights report of Purchasing Managers Indexes for markets is Europe, Asia, and South America, as well as general economic conditions in the U.S. The US Economic Boom Is Bringing Jobs Back Home With 19 ...

How Tariffs Are Shaping The Landscape In Manufacturing

As the unusually hot summer of 2019 slogs on, so does the never-ending trade war between the U.S. and China. Tariffs, followed by more tariffs and the threat of even more tariffs dominate the landscape of this seemingly endless stalemate. Tariffs have shaped the landscape of the manufacturing more than anything in recent history. The ongoing trade war with China has no end in sight. This has ...

Too Many Jobs, Not Enough Skilled Employees

As manufacturing jobs change from menial, repetitive tasks to more STEM-based job functions the industry is struggling to keep up. According to a report from theNational Association of Manufacturers (NAM), in the first quarter of 2019, 25% of manufacturers reported having to turn down new business due to a lack of skilled employees. Indeed manufacturing has been slow to adapt. The industry as ...

The US Economic Boom Is Bringing Jobs Back Home

With 19 straight quarters of sustained growth, the manufacturing industry is enjoying a powerful and long-overdue resurgence. Propelled by innovation, demand, that sweet tax break in 2017 courtesy of a pro-manufacturing administration in the White House, companies are building new factories, hiring employees by the thousands and manufacturers that fled the country years ago are returning in ...

Environmental Regulation And Manufacturing

The debate over climate change has never been, for lack of a better term, hotter. On the one side, you have the scientific community, armed with studies and predictive models and tons of research that would paint the manufacturing industry as the main reason for heatwaves, melting polar ice caps and droughts. On the other side is the manufacturing industry, with their own research and studies ...

Weekly Wrap Up for June 12, 2019

Another insightful leading indicator report is the Credit Manager’s Index with Dr. Chris Kuehl of Armada Corporate Intelligence, who reviews the data posted at www.nacm.org on the last day of each month from the organization whose members look 90-180 days into the future to how they will get paid for orders shipped. Tim Grady interviews Chris about the general direction of the economy and ...

Virgin Galactic Will Be The First Publicly Traded Spaceflight Company

Billionaire Richard Branson knows it’s going to take a lot of capital to get tourists into space. To make his dream of space tourism a reality he’s taking his company Virgin Galactic public. After he abandoned talks with Saudi investors last year in the wake of the murder of journalist Jamal Kashoggi, Branson made the decision to take the company public to raise the necessary funds. The ...

County College of Morris Awarded $4 Million to Lead Expansion of Apprenticeship Programs

For Immediate Release July 10, 2019 Grant from U.S. Department of Labor to Provide a National Model RANDOLPH, NJ – County College of Morris (CCM), recognized as a leader in the education of employees for advanced manufacturing, has been awarded a $4 million grant from the United States Department of Labor (USDOL) to expand apprenticeship programs for the industry. The USDOL’s ...

Manufacturing Bounces Back in June

After four consecutive months of minuscule gains and bigger losses, the manufacturing industry posted a gain of 17,000 jobs in June. Durable goods, products intended to last 3 years or longer, were responsible for a majority of the gains with 12,000 new jobs according to the Bureau of Labor Statistics. Manufacturers of computers and computer-related goods added 6,500 jobs with machinery ...

U.S. Hits Vietnam with 400% Tariffs On Steel

Earlier this week we published an article on the benefits reaped by Vietnam from companies shifting production to their country to escape the U.S. tariffs on products manufactured in China. Yesterday the U.S. Commerce Department imposed duties of over 400% on steel imported from Vietnam to the U.S. The Commerce Department said certain steel products forged in South Korea and Taiwan were being ...