U.S. Added 142,000 Jobs in August, Earlier Months Revised Down, Manufacturing Jobs Crash
U.S. job growth in August was much weaker than expected and the previous month's job gains were also revised downward, suggesting the labor market is even weaker than it appears. The Labor Department said Friday that the economy added 142,000 jobs. Economists had expected payrolls to rise to 160,000 that month. The employment forecast for […]
Stocks drop as manufacturing activity slumps
Manufacturing investment and activity are slowing ahead of a turn in the business cycle as the Federal Reserve considers cutting interest rates later this month. The S&P Global Purchasing Managers' Index (PMI) fell to 47.9 in August from 49.6 in July, the lowest level in eight months. S&P reported its first production cuts since January. […]
Harris Misleadingly Claims Biden Added 800,000 Manufacturing Jobs
CLAIM: Vice President Kamala Harris said she and President Biden have created 800,000 manufacturing jobs. “we 800,000 “New manufacturing jobs are being created, that's a good thing,” Harris said in an interview with CNN on Thursday. Verdict: Harris' statements are misleading. U.S. manufacturing added about 742,000 employee jobs between January 2021, when Biden took office, […]
Watch live: Trump in Michigan gives remarks on economy, manufacturing
Former President Trump is scheduled to speak in Michigan on Thursday about the economy, inflation and manufacturing, with just 68 days left until the November election. The campaign stop in Potterville, just south of Michigan's state capital of Lansing, marks Trump's third visit to Michigan in the past nine days, including a speech to the […]
Manufacturing Jobs Are Shrinking Under Biden-Harris Policies
Kamala Harris’ manufacturing boom vanishes with jobs revision Kamala Harris’ manufacturing boom isn’t going well. Harris and President Joe Biden Promises a surge in tech jobs In recent years, some have argued that a manufacturing boom has already begun. “Donald Trump claims to have revived American manufacturing. The facts are that under Donald Trump, America […]
Logan Paul’s Prime hit with $68M suit for flaking on a manufacturing deal
Logan Paul’s Prime Hydration is losing energy. The drinks brand, which was founded in 2018 by a social media influencer turned boxer, and its parent company are being sued for $68 million for allegedly breaching a manufacturing agreement. Bottler Refresco Beverages says Prime Brands and Congo Brands breached their April 2023 contract by failing to […]
Construction Spending Sinks Again in June as Homebuilding Slumps and Manufacturing Surge Fades
The construction industry’s boom years may be over as one of its key strengths, the labor market, has weakened over the past year. Construction spending fell 0.3% in June to an annualized rate of $2.5 trillion, Commerce Department data showed. Economists had expected a 0.2% increase. None of those surveyed by Econoday expected a decline. […]
Gov. Abbot’s Asia tour champions a new era of American manufacturing, tech growth
Last week, Gov. Greg Abbott (R-Texas) returned from an economic development trip to Taiwan, Japan and South Korea, where he “met with corporate executives, business leaders, foreign dignitaries and government officials to promote Texas’ booming economy and foster the development of industries critical to the future of the global economy,” according to the Texas Economic […]
JD Vance Makes the Case for American Manufacturing Revival
Republican vice presidential nominee Senator J.D. Vance of Ohio spoke at the Republican National Convention (RNC) about reviving American manufacturing, vowing to protect American workers’ wages, build factories, and thwart the Chinese Communist Party’s (CCP) economic dominance. Vance, who accepted the Republican nomination for vice president on Wednesday night, laid out a platform of economic […]
Sniper shot at former President Donald Trump from 130 yards away on roof of manufacturing plant
The gunman who attempted to assassinate former President Donald Trump at a campaign rally in Pennsylvania on Saturday was positioned on the roof of a manufacturing plant more than 130 yards (a little longer than a football field) from the stage. The outdoor campaign event was held at the Butler Farm Show grounds, whose vast […]