Last updateTue, 20 Mar 2018 8pm


The Economy: Gloom on Jobs, Hope on Manufacturing

Wall Street wasn't in a jovial mood as April Fools' Day 2009 got underway. Investors were greeted by news of a much larger than anticipated decline in private payrolls in the ADP employment survey for March. The news caused some jitters about the size of U.S. job losses to be revealed in the government's employment report for March, scheduled for release on Apr. 3. It also weighed on major stock indexes, which had closed out March by posting their strongest monthly gains in six years in the previous session.

Source: Business Week

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U.S. To Fight New Types of Trade Barriers

US exports are facing a proliferation of new types of trade protection, and officials will move aggressively to remove them, the US trade representative’s office said on Tuesday.

In its annual report to Congress on trade barriers, USTR said that bans on food and biotech products and requirements to test, certify and inspect imports were all being used as tools of protectionism, and promised litigation where necessary.

Source: Financial Times

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Manufacturing Probably Shrank as U.S. Slump Hit 70-Year Record

U.S. manufacturing probably shrank further in March, a report may show today as the recession enters its 17th month and becomes the longest since the 1930s.

The Institute for Supply Management’s factory index was at 36 last month, compared with 35.8 in February, according to the median of 74 estimates in a Bloomberg News survey.

Source: Bloomberg

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2009 Global R&D Outlook

In recent years, global effects have slowed R&D growth. Nonetheless, a number of signs point to increased spending in the R&D field for the coming year.

In its World Economic Outlook, published in October 2008, the International Monetary Fund stated that the quickly decelerating world economy would affect global research and development (R&D), with some global R&D growth absorbed by the inflation rate for a net result of flat R&D spending.

Source: Industrial Market Trends

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Union Bill's Declining Chances Give Rise to Alternatives

The Employee Free Choice Act, also called "card check," was dealt two blows last week. Whole Foods, Costco and Starbucks proposed a "third way" to reform labor laws that threatened to draw away conservative Democrats from card check. More damaging was the announcement by Sen. Arlen Specter (R-Pa.) that he would reverse his support for the bill.

Source: Washington Post

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