Category

General

NAM-PAC Events Have Raised More Than $1 Million

By | General, Shopfloor Main | No Comments

Logo

Since the inception of the National Association of Manufacturers Political Action Committee (NAM-PAC) in January 2013, we are proud to report that PAC events have raised more than $1 million to support members of Congress and candidates who have established themselves as proven champions in supporting a pro-manufacturing agenda. Thus far, the NAM-PAC has held 62 events for members and candidates on both sides of the aisle, including House Speaker Paul Ryan (R-WI-1), House Majority Leader Kevin McCarthy (R-CA-23) and House Minority Whip Steny Hoyer (D-MD-5), Sens. Rob Portman (R-OH) and Chris Coons (D-DE) and Reps. Pat Tiberi (R-OH-12) and Ron Kind (D-WI-3) just to name a few.

We are very proud of reaching this tremendous milestone and extremely grateful to NAM member company political action committees that have joined us in supporting these campaigns.

Proudly, the PAC has a strong history of supporting incumbent manufacturing champions facing difficult primary and general election campaigns as well as challengers who have committed to pursuing an NAM-friendly agenda once elected to Congress. The NAM-PAC is committed to supporting candidates who stand firm on their promises to create a policy environment in the United States that encourages growth and innovation.

For the remaining six months of this critical 2016 election cycle, the NAM-PAC will look to build upon our already successful efforts to assist campaigns of members of Congress who consistently support the manufacturing industry. To create high-paying manufacturing jobs and grow our economy, it is imperative that manufacturers stand together to elect candidates who are willing to fight for manufacturing interests in Congress.

If you have questions about the NAM-PAC or our events, contact Erik Rosedahl at erosedahl@nam.org or (202) 637-3054.

Jay Timmons Congratulates the 2016 STEP Ahead Honorees and Emerging Leaders

By | General, Presidents Blog | One Comment

 

Today, National Association of Manufacturers (NAM) President and CEO Jay Timmons congratulated the 2016 STEP Ahead Honorees and Emerging Leaders at the 2016 STEP Ahead lunch. Read his remarks below!

Thank you, Cheryln, for that introduction. And thanks to Alcoa for your support of STEP and The Manufacturing Institute’s work to strengthen the manufacturing workforce.

It’s a pleasure to welcome all of you to Washington and to STEP Ahead.

This is one of my favorite annual celebrations of our industry, without question, and I want to congratulate each and every one of our Honorees and Emerging Leaders.

In the middle of a political season that’s Screen Shot 2016-04-21 at 1.00.29 PMbeen divisive and frustrating, it’s refreshing to be in a room full of inspiring people…leaders dedicated to getting things done…who see beyond a problem to achieve real-world solutions.

You are trailblazers, innovators and leaders. You are ambassadors for manufacturing in your communities, inspiring the next generation. And you are building the future.

Modern manufacturing is changing lives and changing the world. From 3-D printing and nanotechnology to sustainable agriculture and lifesaving medicines and beyond…manufacturers in the United States are driving an innovation revolution.

Billions of everyday objects are now connected via the web, changing not only what we make but how we make it. First it was our phones and our watches. Soon it will be everything from our contact lenses to autonomous automobiles and transcontinental pipelines. And the digitally integrated factory itself is becoming more productive, less wasteful and safer than ever before.

As manufacturers, you are part of something big—the backbone of our economy and our country.

When manufacturing succeeds, America succeeds. Manufacturing creates opportunity and strengthens communities. We add more than $2 trillion annually to the U.S. economy. We employ more than 12 million men and women—and support another 6 million jobs along the way. And for every dollar invested in manufacturing, another $1.40 in economic benefit is created.

Of course, we face our share of challenges…unavoidable headwinds, such as global economic weakness and worldwide instability. While this will be slow to change, our leaders right here in our own country have at this moment the power to fix other self-imposed barriers to opportunity and success.

They can fix policies in Washington that imperil our promise. These barriers exist because Washington hasn’t yet summoned the will to change them. And because “We The People,” in some ways, haven’t done enough to fight for manufacturing as essential to American Exceptionalism and our future.

That’s why the NAM’s work matters. That’s why your voices as manufacturers matter. I know you’ve just come from Capitol Hill. It’s so important that we speak up for the policies that will help our industry grow and thrive…and help you succeed.

That includes everything from tax, regulatory and legal reform to improvements in our approach to health care, infrastructure and trade.

Earlier this year, in fact, the NAM laid out a comprehensive agenda, called “Competing to Win,” that makes it very clear to our elected leaders which policies they should support if they truly support manufacturing.

All of our policy goals are rooted in the the foundational principles of the country we love, the first of which is free enterprise: powerful market forces that drive innovation and growth better than any system in history.

The second is competitiveness: our ability to expand markets and succeed in the global economy.

The third is individual liberty: the creativity and entrepreneurship unleashed by protecting, defending and advancing the basic freedoms enshrined in our Constitution and Bill of Rights.

And the fourth, equal opportunity: our shared belief that every one of us has the potential to contribute to the success of our companies, our communities and our country.

These are the values that make and keep America exceptional—and they are the values that should guide our leaders.

One of our most urgent causes, of course, is what brings us together today: building a bigger and more diverse manufacturing workforce.

Over the next decade, studies show manufacturers will have 3.5 million jobs to fill…but 2 million of them will remain empty…unless we do something now.

Together we must encourage the public, especially young people, to view our industry as more than the gritty factories of the past…by showing them the diverse and challenging career opportunities we offer.

And we must expand access to education, training and credentialing—especially in the STEM fields—which students will need to succeed as dreamers, makers and doers.

As we pursue these initiatives, we must make clear that manufacturers’ doors are wide open to women of all backgrounds and capabilities—from computer science to marketing. Generations fought for their rightful places on the shop floor and in the science lab…on the engineering team and in the C-suite. Looking at a roomful like this, it could be tempting to declare victory.

But here’s the reality, and we all know it: women are still underrepresented in manufacturing. And that means lost opportunity for workers and families and for manufacturers of all sizes and sectors.

That’s why your example matters so much.  

You know, things are different when you have children. I have two daughters, C.J. and Ellie, and they have deepened my commitment to ensuring that today’s girls are given every chance to shape their own tomorrows.

So I am glad to be a part of an organization, the NAM, where empowerment is central to our mission. I’m proud to work with the Institute and Jennifer McNelly. And I am pleased to have this moment to honor all of you.

But in closing, I also want to ask something of you. Please, keep sharing your stories, your insights and your enthusiasm for manufacturing—whether it’s on Capitol Hill or in your hometown.

Only with more voices like yours, raised in unison with your colleagues, will we conquer political negativity, embrace opportunity and unleash the potential of this generation…and the next.

Again, thank you for all that you do. And congratulations.

2016 STEP Ahead Honorees Are Here

By | General, Shopfloor Main, Shopfloor Policy | No Comments

They’re coming! The 2016 STEP (Science, Technology, Engineering and Production) Ahead Honorees and Emerging Leaders will officially be welcomed to Washington, D.C., tonight to kick-off this year’s award program.

Did you know that while women represent nearly half (47 percent) of today’s workforce, they comprise less than one-third (27 percent) of the manufacturing workforce? However, while manufacturing faces a serious skills gap, this year’s 2016 STEP Ahead Honorees and Emerging Leaders are working to advocate, mentor, engage, promote and lead the next generation of manufacturing women. This year’s Honorees are making a difference in their communities and for the future of manufacturing. Read More

housing

The Housing Data Were Weaker Than Expected in March

By | Economy, General, Shopfloor Economics | No Comments

The Census Bureau and the U.S. Department of Housing and Urban Development said that new housing starts fell 8.8 percent, down from an annualized 1,194,000 in February to 1,089,000 in March. This was a surprising drop, with the consensus estimate calling for roughly 1,180,000 units being started for the month. Both single-family (down from 841,000 to 764,000) and multifamily (down from 353,000 to 325,000) starts were lower for the month, with declines in every region except for the Northeast. Single-family activity slowed to a five-month low, whereas the highly volatile multifamily component decreased to its slowest pace in 13 months.

With that said, residential construction has been one of the better aspects in the U.S. economy over the past year, and even with the sharp decline in this report, housing starts rose by 14.2 percent year-over-year, up from 954,000 in March 2015. The bulk of that growth stemmed from the single-family segment, which has increased 22.6 percent year-over-year. Read More

PPI

Producer Prices for Final Goods and Services Decreased by 0.1% in March

By | Economy, General, Shopfloor Economics | No Comments

The Bureau of Labor Statistics said that producer prices for final goods and services decreased by 0.1 percent in March, falling for the second straight month. The March decrease, however, stemmed mainly from services. The producer prices for final demand goods rose by 0.2 percent in March, increasing for the first time since June. Energy costs jumped 1.8 percent for the month on higher crude oil prices, which was enough to offset a decline of 0.9 percent on food prices. The decline for food costs in March for producers came largely from sharp drops in prices for eggs and fresh fruits and vegetables, along with lower prices for coffee, pork, poultry and shortening and cooking oils. Food costs have trended lower over the past 12 months, down 2.5 percent, with energy prices off 13.8 percent year-over-year. Read More

jolts

Total Manufacturing Job Separations Reached a Post-Recession High in February

By | General | No Comments

Total separations (e.g., quits, layoffs, retirements) in manufacturing rose to the highest level since the end of the Great Recession in February. The Job Openings and Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics said that total separations in the sector increased from 266,000 in January to 302,000 in February. In contrast, manufacturers hired 277,000 workers in February, edging up slightly from 274,000 in January. As a result, net hiring – or hires minus separations – decreased by 25,000 in February, illustrating just how much manufacturers have pulled back on employment in light of slower demand and production growth. Read More

personal spending

Personal Spending Data Reflect a Public That Continues to Hold Back on Purchases

By | General | No Comments

The Bureau of Economic Analysis said that personal spending rose 0.1 percent in February. More importantly, personal consumption expenditures were revised sharply lower for January, up just 0.1 percent instead of the original estimate of a 0.5 percent gain for the month. As such, the rebound seen in the prior report evaporated, suggesting that the public remains hesitant when opening their wallets. Durable goods expenditures increased by 0.3 percent in February, boosted by growth in autos and furniture spending, but have declined in three of the past four months. In contrast, purchases of nondurable goods fell for the second straight month, off 0.3 percent in February.

With slower spending, the savings rate inched up to 5.4 percent, its highest level in 12 months. On a year-over-year basis, personal spending has risen 3.8 percent since February 2015, down from 3.9 percent in the prior release. Therefore, even as Americans are apparently holding back somewhat, consumer spending continues to expand modestly overall. Read More

Oil and Gas Industry Digs in on Charitable Giving in PA

By | General, Shopfloor Main | No Comments

“As profits fell and the unemployment rate soared, local charitable organizations were receiving more money. They were able to help when it was needed most, thanks to new donations from oil and gas companies. United Way has collected nearly $1.2 million from the industry since 2007,” Murphy said.

oil and gas aritclePenn Live had a great article this week showcasing the amazing charitable giving that is coming out of the oil and gas sector of manufacturing in Pennslyvania, including NAM members Range Resources and Chesapeake Energy! What makes this act of philanthropy even more incredible is that it comes at a time when the oil and gas industry is facing economic headwinds, and instead of shying away, they are digging in and giving back! Check out the full article below!

 

By Candy Woodall on March 22, 2016

Barbara Murphy had an up‑close view of how much money her nonprofit was losing and worried it would only get worse in the throes of the recession.

“We were losing money every year until 2007,” she said.

That year the fundraisers at the United Way of Washington County were hoping the organization could attract at least $750,000 in donations.

Murphy, who was the resource development director at the time, was in charge of “shaking bushes for money.”

Now she’s president of the nonprofit and oversees a budget that has grown in the last nine years. It reached more than $1.5 million by June 2015.

“It makes me look like a miracle worker, and I’d love to take credit, but it was being in the right place at the right time,” Murphy said.

The right place was thousands of feet above a river of natural gas, and the right time was at the start of the Marcellus Shale boom.

“If a charity in Washington County is not receiving money from Marcellus Shale companies, it’s because they’re not asking,” Murphy said.

Oil and gas development was a game‑changer for nonprofits in Washington County and throughout the state.

It’s generally believed that, as goes the economy, so do donations to nonprofits. But the industry changed that axiom in Pennsylvania.

As profits fell and the unemployment rate soared, local charitable organizations were receiving more money. They were able to help when it was needed most, thanks to new donations from oil and gas companies.

United Way has collected nearly $1.2 million from the industry since 2007, Murphy said.

Range Resources was the first company to frack a well in Pennsylvania, and it was the first company to donate to the United Way in 2007.

Read More

regional Fed

Richmond Fed: Manufacturing Activity Rebounded in March

By | Economy, General, Shopfloor Economics | No Comments

The Richmond Federal Reserve Bank reported rebounding manufacturing activity in March, much like was reported in similar surveys from its regional peers in New York and Philadelphia. The composite index of general business activity jumped from -4 in February to 22 in March, its highest monthly gain in nearly six years. After contracting in February, new orders (up from -6 to 24), shipments (up from -11 to 27) and capacity utilization (up from -5 to 17) each expanded strongly in March. Hiring (up from 9 to 11) and the average workweek (up from 5 to 16) also improved for the month. As such, this report was reassuring, offering a sign that manufacturing in the district was beginning to stabilize after months of weakness due to global headwinds. Read More

housing

Housing Starts Increased 5.2 Percent in February

By | Economy, General, Shopfloor Economics | No Comments

The Census Bureau and the U.S. Department of Housing and Urban Development said that new housing starts rose 5.2 percent, up from an annualized 1,120,000 in January to 1,178,000 in February. The January starts figure was originally estimated to be 1,099,000 units; therefore, the decline from bad weather in the prior report was not as bad as originally thought. More importantly, these data continue to reflect a housing market that is making slow-but-steady progress in the right direction, particularly over the longer-term. Along those lines, new housing starts have jumped 30.9 percent year-over-year, up from just 900,000 units seen in February 2015. The bulk of that growth stemmed from the single-family segment, which has increased 37.0 percent year-over-year. Read More