May 16, 2013 |
NEW YORK - The next wave of union protesters isn't blue collar. It's lawyers, paralegals, secretaries, helicopter pilots, judges, insurance agents and podiatrists. These white-collar workers are not exactly the picture of the labor movement, but they are becoming a more essential part of it as they turn to unions for help in a tough economy as bosses try to squeeze out more profits. "Employers have been downsizing, asking employees to take on larger roles, making them work more hours," said Nicole Korkolis, spokeswoman for the Office and Professional Employees International Union.
May 1, 2012 |
Is it time to finally declare a manufacturing renaissance? An index by the Institute for Supply Management has grown for 33 straight months, and Rust Belt states such as Ohio and Michigan have registered big drops in unemployment over the year. Ohio dropped to 7.5% unemployment in March from 8.8% the previous year, and Michigan dropped to 8.5% from 10.5% in March of last year. The folks at Manning & Napier, the $40-billion asset management firm, say there are some reasons to be very optimistic about manufacturing in the U.S. Wages overseas are rising - China alone has experienced double-digit wage growth in each of the last two years.
May 9, 2012 |
Perhaps the only silver lining to the Great Recession is that it triggered a new focus on manufacturing in the United States. After 25 years of being sold a shiny vision of a service-dominated post-industrial economy, the U.S. is rediscovering how important it is to actually make things in order to spur innovation, raise wages, drive exports and lower the trade deficit. Corporate cost calculations undergird the newfound appreciation of U.S. manufacturing. The offshoring of manufacturing was rooted in harsh economic realities: rock-bottom wages in nations such as China and the aggressive attraction and infrastructure strategies of foreign governments.
April 4, 2012 |
Manufacturing of high-tech, durable and nondurable goods in California is expected to pick up in the second quarter, according to a Chapman University survey released Wednesday. Manufacturing purchasing managers surveyed expect growth to continue as the nation's economy continues to recover. The composite index by Chapman's A. Gary Anderson Center for Economic Research, which measures overall manufacturing activity, increased to 60.3 in the second quarter, from 56.6. Readings above 50 indicate expansion in the sector.
March 9, 2012 |
President Obama seized on a new jobs report as evidence that "the economy is getting stronger" as he pitched a set of manufacturing initiatives in territory key to his reelection chances. "The key now, our job now, is to keep this economic engine churning," Obama said from the floor of a jet engine manufacturing plant in Petersburg, Va. "We can't go back to the same policies that got us into this mess. " Obama's trip, deemed official and not campaign business, came hours after the Labor Department announced that the economy had added 227,000 jobs in February, a stronger showing than economists had expected but not enough to move the 8.3% unemployment rate.
December 7, 1989 |
American workers made modest productivity gains in the third quarter, but the lackluster manufacturing sector posted its lowest output gain in three years and continued to slow the overall economy, the government said Wednesday. And for the first time this year, the quarter-to-quarter hourly wage gains made by workers outpaced the growth in consumer inflation, the Labor Department said.