Fresh from a trip to the great Empire State I had the opportunity to speak with many family and friends who are employed in manufacturing jobs in New York State. While many were cautiously optimistic about manufacturing’s recovery, all expressed a sense of uncertainty about the current economic outlook. As the Rochester Democrat and Chronicle reports, the Federal Reserve Bank of New York released its monthly manufacturing survey today that describes a tepid manufacturing recovery for the state.
The survey indicated:
…that orders and shipments declined, and that both prices paid and prices received inched down, according to Fed officials. But employment indexes were positive and higher than last July…
States certainly shape their own business environments for better or worse, but New York’s troubles can certainly be found all across the nation. A comprehensive, national strategy is called for, and for ideas on how to enhance New York’s and other states’ manufacturing economies we encourage all policymakers and political candidates to read the NAM’s Manufacturing Strategy for Jobs and a Competitive America.