SENEDIA (The Southern New England Defense Industry Alliance)

Southeastern New England Defense Industry Alliance (SENEDIA) has recently been awarded a Department of Defense contract to develop a robust workforce development partnership to train the next generation of submarine shipbuilders.  If you are a manufacturing company in Connecticut, Massachusetts or Rhode Island and are (or are interested in being) part of the Electric Boat [...]

2020-10-08T08:49:49+00:00October 8th, 2020|

NAM Report Survey on Manufacturing Outlook

In the latest NAM Manufacturers' Outlook Survey, 66.0% of respondents reported a positive outlook for their company in the third quarter, up from 33.9% in the second quarter, which had been the worst reading since the Great Recession. However, the outlook measure remains below the historical average of 74.4%. Weak domestic demand continued to be [...]

2020-10-08T08:45:42+00:00October 8th, 2020|

Manufacturing Activity Gains Steam Worldwide Even as Challenges Persist

The J.P. Morgan Global Manufacturing PMI expanded in August at the fastest pace since November 2018, and the sector continues to bounce back even as challenges persist worldwide due to COVID-19 and the severe worldwide recession.In August, sentiment among the top 10 markets for U.S.-manufactured goods improved in every economy except France. Six markets expanded [...]

2020-10-08T08:44:02+00:00October 8th, 2020|

Q3 Manufacturers Outlook

72 percent of manufacturers that faced negative cash flow impacts due to COVID-19 used the Paycheck Protection Program, Main Street Lending Program or other liquidity program.Nearly 92 percent of manufacturers that used federal liquidity programs said those funds were helpful in keeping their business afloat, retaining workforce or meeting other necessary expenses.66 percent of manufacturers [...]

2020-10-08T08:42:35+00:00October 8th, 2020|

Manufacturers adding workers

Manufacturers added 29,000 workers in August, slowing but extending the 41,000 gain in employment in July. Despite increases over the past four months, the labor market remains well below its pre-COVID-19 pace, with manufacturing employment down 720,000 since February. As such, sizable labor market challenges continue despite recent progress. Manufacturers added 66,000 workers in September, [...]

2020-10-08T08:36:24+00:00October 8th, 2020|
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