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Bad News on Jobs
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Bad News on Jobs
Even as numerous indicators suggest that the economy is emerging from recession, one of the most important of all continues to worsen. The Bureau of Labor Statistics reported today that the unemployment rate rose to 10.2% in October (subscription required), its highest since April 1983. Statistics like...
Published
Fri, Nov 11 2009 4:16 PM
by
Gill, Tim
Filed under:
Economy
Touting "No Layoff" Companies
Economic times are tough for all U.S. manufacturers, and many have had to lay off employees. But some advanced manufacturing facilities have opted not to fire anyone, event if it means switching their roles until production picks back up. You can count NEMA members among the companies that are keeping...
Published
Thu, Nov 11 2009 9:45 AM
by
golds
Filed under:
Economy
,
manufacturing
Green Shoot Sighting
The July employment report was released by BLS this morning and came as a pleasant surprise. The unemployment rate actually declined - by a tenth of a percentage point to 9.4% - for the first time since April 2008. Let's not break out the champagne, though. Payrolls were still nearly 250,000 lower...
Published
Fri, Aug 08 2009 2:16 PM
by
Gill, Tim
Filed under:
Economy
Happy 100th!
Wednesday marked the release of the 100th edition of NEMA's Electroindustry Business Confidence Index report. The EBCI tracks the evolution of business conditions facing the electroindustry in North America and three other world regions, as seen through the eyes of senior executives of NEMA member...
Published
Thu, Jun 06 2009 4:28 PM
by
Gill, Tim
Filed under:
Economy
The Tough Times Continue
We can now clearly say that this is the manufacturing sector's deepest downturn since the dark days of the Great Depression (see the charts below for evidence). While the blood-letting will probably continue for some time, a few regional Fed surveys ( here , for example) and NEMA's very own Electroindustry...
Published
Fri, Jun 06 2009 2:02 PM
by
Lego, Brian
Filed under:
Economy
Saving Ourselves from Recovery?
Newly-released data reveal that U.S. consumers are accumulating savings at a rapid clip. In the space of about a year, the personal savings rate has climbed from just above zero to nearly 6 percent-reaching its highest point since the early 1990s. During no other recession in the post-WWII era has the...
Published
Thu, Jun 06 2009 11:45 AM
by
Lego, Brian
Filed under:
Economy
The Giant Sucking Sound
With sentiment growing that the banking system may survive after all, one may be tempted to look ahead to a day when ostensibly private entities will once again be politely asked to bear their losses without recourse to the public dole. Not so fast. According to today’s Washington Post, Fannie...
Published
Fri, May 05 2009 2:55 PM
by
Gill, Tim
Filed under:
Economy
Copper - the new Gold Standard?
Copper prices are at a 6 month high, so is this an indicator of economic recovery? Analysts are not so sure. China has been buying up copper at well beyond its current needs leading to speculation that the copper is going into long term stockpiles rather than to manufacturing. This has led others to...
Published
Wed, Apr 04 2009 1:53 PM
by
Winstanley, Gerard
Filed under:
Economy
,
Trade
Kepler Telescope blast-off – Technology is the engine of growth
Over the weekend the Kepler telescope was launched into space to hunt for earth-like planets. So who was this space craft named for? The name Kepler is familiar to me because it is the name of my printer at work – being a slightly nerdy, technology-based trade association NEMA names it meeting rooms...
Published
Mon, Mar 03 2009 10:54 AM
by
Winstanley, Gerard
Filed under:
General
,
Economy
,
Economics
,
Emerging Technologies
Billions of Dollars for Energy-Efficient and Smart Grid Technologies
On February 17, 2009, President Obama signed the economic stimulus bill, which aims to rejuvenate the struggling U.S. economny. Within this bill were many NEMA-supported provisions. For the past several months, NEMA met with President Obama's staff and Hill staff to secure funding for NEMA's...
Published
Wed, Feb 02 2009 10:39 AM
by
Hansen, Dain
Filed under:
Energy Efficiency
,
Smart Grid
,
Electrical Grid
,
Economy
,
economic stimulus
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