OFFICE OF CONGRESSMANJIM LANGEVIN FOR IMMEDIATE RELEASE:October 28, 2019 CONTACT:Stuart Malec: (401) 486-600 Langevin Leads Legislation To Strengthen Rhode Island Manufacturing Workforce Bill would establish a new pilot program to help companies train the next generation of manufacturing workers WASHINGTON – Congressman Jim Langevin (D-RI) today introduced the Retain Innovation and Manufacturing Excellence Act, a bill [...]
10/17/19 Senator Sheldon Whitehouse voted in support of a Senate resolution expressing disapproval of the Trump administration’s repeal of the Clean Power Plan. 9/26/19Senator Sheldon Whitehouse sent a letter asking the USDA to help the state track, prevent, and respond to EEE. 9/25/19The Government Accountability Office released a report that shows the federal government could be doing [...]
Over the next few years, JPMorgan Chase is investing in New England with more than 60 new branches, 130 ATMs and hiring more than 350 people, including veterans. More than 80 of these employees will be in Rhode Island. While Chase is new to the state, JPMorgan Chase is not. We’ve had a presence in [...]
The initial tariffs imposed in 2018 on imports from China didn’t affect Cooley Group, a Pawtucket-based company that manufactures an array of engineered materials, used in waterproof liners, inflatable boats and oil containment booms. But when the trade dispute between the U.S. and China spiraled beyond aluminum and steel imports, a second set of tariffs in August 2018 hit two of the divisions within Cooley, according to CEO and President Daniel Dwight.
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.
Surprisingly, we found employees want the basics first: better air quality, access to natural light, and the ability to personalize their workspace. Half of the employees we surveyed said poor air quality makes them sleepier during the day, and more than a third reported up to an hour in lost productivity as a result. In fact, air quality and light were the biggest influencers of employee performance, happiness, and wellbeing, while fitness facilities and technology-based health tools were the most trivial.
Worries about a global economic slowdown-which has been exacerbated by renewed trade uncertainties-has caused financial markets to fall dramatically. On a more encouraging front, job openings in the manufacturing sector were unchanged at 503,000 in June, continuing to be an all-time high. Over the past 12 months, job openings have averaged nearly 483,000 per month—a highly elevated pace. With that said, the pace of hiring and separations slowed in June, mirroring other economic activity and employment data.
Reshoring and foreign direct investment in the U.S. increased 38% during 2018, the highest level in history according to the Reshoring Initiative, the agency formed to advance the effects of "reshoring." The term describes the phenomenon of manufacturers relocating manufacturing activity and services, or sourcing, to the U.S. from overseas. For 2018, the combination of [...]