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The J.P. Morgan Global Manufacturing PMI contracted for the fourth straight month, albeit up from 49.3 in July, the lowest reading since October 2012, to 49.5 in August. There continued to be some optimism that future output would rebound over the coming months.
United States job openings declined in July to a five-month low, signaling a pause in demand for workers ahead of a cooling in August payrolls growth that indicates the labor market may be gradually losing momentum.
United States factory activity unexpectedly contracted in August for the first time in three years as shrinking orders, production and hiring pushed a widely followed measure of manufacturing to its lowest level since January 2016. The Institute for Supply Management’s purchasing managers index fell to 49.1 in August, weaker than all forecasts in a Bloomberg survey of economists, data released Tuesday showed.
California is preparing to implement its Consumer Privacy Act (CCPA), a data privacy law that is among the strictest in the country. The landmark law requires certain for-profit businesses abide by rules and restrictions regarding the consumer data they collect. With the law going into effect in 2020, businesses need to ensure that they are in compliance with these new data privacy regulations.
In Case You Missed It: Davies Career-Tech High School unveils new advanced manufacturing center. Investing in programs like this one is important to the entire state because it will help the manufacturing industry across Rhode Island thrive into the future, said Stefan Pryor, the state’s secretary of commerce. “We need to ensure that our young people are preparing for careers in the manufacturing sector and that we’re providing an adequate, well-skilled pipeline of talent to our manufacturing employers,” Pryor said. “This project helps to fulfill those goals.”
