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  • Time for a New Economy Built Around Innovation

    This is typically the time of year -- when Americans have that shop-till-you-drop mentality -- that we hear about whether U.S. retailers will see red or black in their Christmas stockings. Such news, we're told, is important for a country whose economy, over the past two decades, has been driven...
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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...
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  • 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...
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  • 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...
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  • 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...
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  • 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...
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  • 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...
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  • 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...
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  • 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...
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  • 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...
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