Posts Tagged ‘U.S. manufacturing’

Metal fabricating by the numbers

June 1st, 2011
By: Vicki Bell

Did you happen to see the mentalfloss.com article posted May 31 on cnn.com about 10 interesting numbers in the U.S.? Among the numbers listed were 2.3 (milligrams of B1, the amount recommended during World War II for very active men after the Selective Service discovered that about one in seven armed forces candidates suffered from "disabilities directly or indirectly connected with nutrition"); $435 (the absurdly priced hammer that came to symbolize wasteful Pentagon spending in the 1980s); and 100-proof (the measurement that gets you drunk—interesting story how this came about).

Perhaps more interesting to those in manufacturing were the statistics released the same day by the National Association of Manufacturers (NAM) . The Monday Economic Report featured a chart showing the manufacturing sectors with the largest percentage of employment growth from December 2009 to April 2011. (more...)

Manufacturing renaissance?

May 11th, 2011
By: Vicki Bell

Yesterday's "Fabricating Update" e-newsletter featured an item from businessweek.com that suggested the U.S. is undergoing a "manufacturing renaissance." The article, "Manufacturing booms as Deere exemplifies productivity surge," quoted Wells Capital Management Chief Investment Strategist James Paulsen, who believes that because "once-ailing manufacturers are enjoying a robust rebound as cost-saving moves from job cuts to a greater reliance on technology help drive stronger-than-forecast growth," the renaissance potential exists. 

Paulsen predicted that the industry will set the pace for U.S. expansion and the American stock market during this decade, as technology did in the 1990s. (more...)

Chinese currency and U.S. manufacturing

June 21st, 2010
By: Tim Heston

An international economic chess game just got more interesting, and metal fabricators may one day see the benefits.

Today the Chinese currency rose against the dollar 0.42 percent in Asia—not much, but that’s the biggest one-day gain in five years. This came after Chinese officials announced on Saturday that they would allow greater flexibility in the value of China’s currency.

On one side of the table is President Obama and Congress; the other, the Chinese government. The issue: currency manipulation. China had pegged its currency to ours. Wherever the value of the U.S. dollar went, so did the renminbi. This gave what many have called an unfair advantage to Chinese exporters. It’s something that’s been painfully obvious to the manufacturing community, but a message that has had to be trumpeted again and again to the folks in Washington.

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