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Last updateThu, 20 Sep 2018 3pm

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Despite Recession, High Demand for Skilled Labor

Just as the recession began, Chris McGrary, a manager at the Cianbro Corporation, set out to hire 80 “experienced” welders. Only now, 18 months later, is he completing the roster.

 

With the unemployment rate soaring, there have been plenty of applicants.

 

Source: New York Times

 

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U.S. Consumer Sentiment Increased to 70.8 in June

Confidence among U.S. consumers rose this month for a fourth straight time, reflecting signs that the worst of the recession has passed.

 

The Reuters/University of Michigan final index of consumer sentiment gained to 70.8, the highest level since February 2008, from 68.7 in May.

 

Source: Bloomberg

 

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U.S., Europe File Trade Complaint Against China

The U.S. and the European Union filed separate complaints with the World Trade Organization on Tuesday alleging that China is unfairly benefiting domestic industries by restricting exports of certain raw materials.

 

The complaints filed with the WTO represent a departure from past allegations by the U.S. and other countries that China is flooding other countries' markets with its exports.

 

Source: Wall Street Journal

 

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Wisconsin Takes Lead in Share of Manufacturing Jobs

Reflecting the diversity of its industrial base, Wisconsin has surpassed Indiana to be the leading state for manufacturing employment.

 

The latest preliminary data from the U.S. Bureau of Labor Statistics show Wisconsin with 15.6% of its jobs in manufacturing last month, compared with 15.4% for Indiana.

 

Source: Journal Sentinel

 

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Manufacturers Say 10+2 Costs $20 Billion

U.S. Customs and Border Protection's Importer Security Filing rule will impose an annual cost of more than $20 billion on the U.S. economy, according to a study by a manufacturers’ group.

 

The “10+2” rule will require manufacturers and other importers to provide expensive new data to the government, says a report by the Customs and Border Coalition, a group launched by the National Association of Manufacturers in December.

 

Source: Journal of Commerce

 

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