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So far Maggie Lague has created 203 blog entries.

Cybersecurity

Are you aware of a new standard “The Cybersecurity Maturity Model Certification(CMMC)? Download PDF

2021-07-28T11:43:07+00:00July 28th, 2021|

MAY JOB OPENINGS

Manufacturing job openings eased slightly from a record 825,000 in April to 814,000 in May but remained very elevated. With strong demand and a need to ramp up production, manufacturers must hire more workers to be able to increase capacity, pushing job postings to unprecedented levels. These data offer an encouraging sign that manufacturers feel [...]

2021-07-28T11:41:37+00:00July 28th, 2021|

Manufacturers Optimism High

In the second quarter NAM Manufacturers’ Outlook Survey , 90.1% of respondents felt either somewhat or very positive about their company outlook, rising for the fourth straight quarter and the best reading in nearly three years. Respondents are predicting the highest levels of production, sales and job growth in Outlook Survey history. Three-quarters of manufacturers [...]

2021-07-28T11:37:30+00:00July 28th, 2021|

Infrastructure Investment

Washington, D.C. – Today, following the release of the Senate’s bipartisan infrastructure plan, National Association of Manufacturers President and CEO Jay Timmons released the following statement:  “This is how we build to win. This shows that governing with big ideas is still possible in America. Bold infrastructure investment will secure a better future for our [...]

2021-07-28T11:36:53+00:00July 28th, 2021|

Job Hiring Issue

Manufacturers’ top business concerns continue to be rising raw material prices and attracting and retaining talent, according to the NAM’s newly released Manufacturers’ Outlook Survey for the second quarter of 2021. Sunny days ahead: However, manufacturers predicted some of the highest growth in the survey’s history. Among the highlights: 90.1% manufacturer optimism, highest since Q3 [...]

2021-07-28T11:36:04+00:00July 28th, 2021|

May Economic Results

Manufacturing production rose 0.9% in May, bouncing back after edging down 0.1% in April. More importantly, output in the manufacturing sector is off just 0.5% from pre-pandemic levels, and manufacturing capacity utilization increased from 74.9% in April to 75.6% in May, the best rate since December 2019. Manufacturing activity in the New York and Philadelphia [...]

2021-06-22T12:09:51+00:00June 22nd, 2021|

Manufacturing Tidbits

Manufacturing employment rebounded somewhat, rising by 23,000 in May after falling by a downwardly revised 32,000 in April. There remained 509,000 fewer manufacturing employees relative to pre-pandemic levels, with 12,290,000 employees in May. Despite job growth for the month, businesses continue to cite difficulties in finding enough talent. There is optimism for continued growth moving [...]

2021-06-22T11:46:44+00:00June 22nd, 2021|

Economic Update Across The Country

Yet, raw material costs and output prices soared once again at all-time high rates, and IHS Markit survey respondents continued to cite severe supply chain disruptions. Manufacturing surveys from the New York and Philadelphia Federal Reserve Banks produced similar findings. While manufacturing activity eased in both districts in May, the underlying data and the outlook [...]

2021-06-22T11:45:49+00:00June 22nd, 2021|

Manufacturing Job Openings Soar to 851,000 in April

The Bureau of Labor Statistics released its Job Openings and Labor Turnover Survey, which showed a record 851,000 manufacturing job openings in April, up from 749,000 the month before. NAM Chief Economist Chad Moutray breaks it down for us.  Spotlight on manufacturing: “In April, manufacturers hired 396,000 workers, down from 434,000 in March, largely on [...]

2021-06-22T11:44:48+00:00June 22nd, 2021|

Effects Of Increasing the Corporate Tax Rate

The new analysis calculated the effects of increasing the corporate tax rate to 25%, increasing the top marginal tax rate, repealing the 20% pass-through deduction, eliminating certain expensing provisions and more. The negative consequences would include the following: One million jobs would be lost in the first two years. The average reduction in employment would [...]

2021-06-22T11:43:54+00:00June 22nd, 2021|
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