Strong jobs numbers on Friday enhanced the likelihood that the Federal Reserve will begin to increase short-term interest rates in December, which was already becoming the conventional wisdom. Nonfarm payrolls increased by 271,000 workers in October, which was well above the consensus estimate of around 180,000. This suggests that hiring has begun to rebound after a lull in August and September, and the unemployment rate fell to 5.0 percent, its lowest level since April 2008. Yet, manufacturers remain challenged. Manufacturing employment was unchanged in October, and it has been essentially flat across the past nine months. The October figure does suggest some stabilization, however, after declines of 19,000 and 9,000 in August and September, respectively. Ideally, we would like to see job growth in the manufacturing sector return to the more robust pace during the second half of 2014, when hiring averaged 20,667 per month.
Foreign Claims Against Manufacturers Deserve Supreme Court Scrutiny
After a federal appeals court unearthed one provision of the Judiciary Act of 1789 in 1980, foreign nations have used the Alien Tort Statute (ATS) to claim violations of the “Law of Nations” by a variety of manufacturers for activities involving allegations of human rights abuses taking place in foreign countries. The statute was intended to allow federal courts to hear a few limited claims involving such matters as acts of piracy, violations of safe-conducts or interference with the rights of ambassadors. Read More
Read the latest CNBC column on closing the skills gap by U.S. Secretary of Commerce Penny Pritzker in this month’s Member Focus.
If manufacturing in the United States were its own country, it would rank as the ninth-largest economy in the world, with manufacturers contributing $2.09 trillion to the U.S. economy every year.
Every dollar spent in the manufacturing sector adds another $1.37 to the economy and each manufacturing job creates another 2.5 jobs in local goods and services.
Read more here.
Randall Stephenson, chairman and CEO of AT&T, appeared the Economic Club of Washington, DC, on June 17 to talk about the key ingredients for economic growth in the United States.
In a wide-ranging policy discussion, the head of the telecommunications giant honed in issues like immigration reform and tax reform as opportunities to drive and attract investment. Stephenson also highlighted the need for strong trade policies and the importance of free trade agreements. Currently, the United States’ ability to negotiate new agreements and complete pending ones is hindered by the lack of Trade Promotion Authority, which helps streamline the negotiation process.
Stephenson’s remarks send a powerful message from the business community about the necessity of engaging with Washington. Policymakers, whether on Capitol Hill or in the executive branch, need to hear from America’s job creators—because like it or not, what happens in Washington matters to businesses. We need to be at the table for these important discussions.
NAM Member Company, Boeing, introduced its second member of the Dreamliner family today. The first flight of the new, innovative 787-9 successfully took place today at 1:30pm EST.
Boeing has always had a reputation for manufacturing advancements in air travel and they have done it again today with their new plane manufactured in Everett, WA. The new 787-9 will carry more passengers, cargo, and has the ability to travel further than any other 787. It is a more capable and efficient airplane than those that came before it. The entire Boeing team, from the designers, engineers, executives and the men and women on the shop floor deserve a round of applause for taking air travel to the next level.
The NAM congratulates Boeing on delivering another state-of-the-art and efficient means of travel to customers around the world.
Early this month, Bobrick Washroom Equipment, Inc., a third-generation commercial restroom accessories manufacturer, broke ground on their 100,000 square foot headquarters, manufacturing, and distribution facility in North Hollywood.
The project was financed, in part, to enhance employment opportunities in the San Fernando Valley. Bobrick has always remained loyal to Los Angeles and to the local workforce in the area since the company’s founding.
Dedicated manufacturers like Bobrick Washroom Equipment, Inc. exemplify the local innovation and community pride that companies continue to have in today’s global economy. Bobrick’s new corporate headquarters proves that global corporations can impacts local communities far and wide through job creation and local economic impact.
Congratulations to Bobrick on their continued growth in the manufacturing sector and in their local community!
On July 13th, Steel parts manufacturer, ESCO Corp. will celebrate their 100th Anniversary. ESCO has a rich history over their 100 years in the industry. The Portland based company originally catered primarily to the timber industry and has grown into a producer of wear parts and services for the mining, construction and industrial, and oil & gas industries. During World War II, the company produced bows, anchors and anchor chains for ships, cast parts for tanks and aircrafts, and draft line buckets to dredge channels and build air strips.
In 1973, the company became the first Steel Foundry in the world to use the Argon Oxygen Decarbonization (AOD process) to produce strong alloys. Today, ESCO has operations in 28 countries on six continents and employs 4,800 people around the world.
NAM would like to wish ESCO Corp. a very happy 100th birthday and send wishes for a prosperous future. The manufacturing industry is a place where strong and enduring companies stretch centuries and generations and ESCO is a perfect example of this long lasting prosperity and innovation.
Last week American Posts, LLC won the Platts Global Metals Award for ‘End-User Efficiency Initiative of the Year’ Award for their innovative steel u-channel post manufacturing techniques. Foreign production competition threatened this Ohio based and family owned steel manufacturer, but innovations in efficiency and investments in production, moved American Posts in place to compete. As the last manufacturer of steel u-posts for the lawn and garden industry left in the United States, American Posts, LLC is staying true to their motto, “Buy a Stake in America.”
Manufacturers in America continue to lead the way in innovation and American Posts is a great example. In order to stay competitive in the fierce global marketplace, manufacturers need Washington to move forward with pro-growth policies. The NAM has released a Growth Agenda which outlines the policies needed to help manufacturers compete.
Pastrami may be the “most sensual of the salted, cured meats,” but sausage is definitely the most versatile. It’s great at breakfast, lunch or dinner. It can be the centerpiece of a meal or it can spice up an otherwise ordinary dish. Sausage is great on the grill during a backyard barbecue, or it can highlight that overpriced charcuterie plate at the bistro down the street. I am hungry just thinking about it.
America may not have created sausages, but I’d argue no country does it better than we do today—and one of our leading lights is Johnsonville. From humble origins at a Sheboygan County butcher shop decades ago, Johnsonville now hawks its tubesteaks around the world.
But even though it has conquered the U.S. market and is rapidly expanding globally, the company is not resting on its laurels. It’s introducing new products, testing new flavors—and of course, crafting the WORLD’S LONGEST BRAT.
Last week, Johnsonville unleashed a monster 54 foot, 10 inch brat at the World’s Largest Brat Fest in Madison, Wisconsin. The lengthy link bettered the previous world record by more than two feet.
After marveling at the feat, Brat Festers were able to enjoy the sausage, which was cut into more manageable portions. Proceeds went to charity.
By night, Washington, D.C. is a mid-sized American city of roughly 600,000 people, somewhere between Baltimore and Nashville. By day, the population explodes to over a million. If those commuters aren’t battling some of the worst traffic in the nation, there’s a good chance they are taking Metro, the D.C. area’s public transit system.
And, in a couple years, they’ll be riding in style in new train cars (the 7000 series, to be precise), all brought to you by manufacturing in the United States.
Yesterday, Metro unveiled its new railcar, which will made by NAM-member Kawasaki at its rail car manufacturing facility in Lincoln, Nebraska. Kawasaki has made train cars for transit systems across the country.
Among the innovations in the new Metro cars are floors composed of “a dark, nonslip vinyl colored with blue, red and white specks that focus groups favored for its patriotic feeling.” Many riders will welcome the new doors, which no longer will crush unsuspecting tourists. “The new doors will have a ‘sensitive edge’ that can determine when a rider is trapped as the doors close, the Washington Examiner reports. “The doors will spring open slightly but not all the way, said Metro’s chief vehicle engineer, Joseph Reynolds.”
And there’s more. Metro highlights some other features of the new cars and offers a sneak peak of what’s to come.