Last updateThu, 20 Sep 2018 3pm


Muted Signs of Life in the Credit Markets

It is hard to miss the news: the stock market has been on a bit of a roll lately. But with far less fanfare, the credit markets, where the financial crisis began, are also showing signs of a spring awakening.

Source: New York Times

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Manufacturing Skill Standard May Set Workers Apart

The Manufacturing Skill Standards Council, or MSSC, is an industry-led training, assessment and certification system focused on training the nation’s production workers. The nationwide MSSC system, which is based on federally-endorsed national standards, offers a Certified Production Technician credential to entry-level as well as current workers who pass four production modules: safety; quality practices and measurement; manufacturing processes and production; and maintenance awareness.

Source: Ft. Worth Business Press

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Manufacturers Urge Change in Product Safety Law

The National Association of Manufacturers this week joined a rally on Capitol Hill to urge Congress to make changes in the Consumer Product Safety Commission Improvement Act.

Along with senators, members of Congress, industry representatives and scientists, the trade group’s President John Engler on April 1 said the law caused unintended harm to consumers and businesses by applying the same criteria to a wide range of products, regardless of their intended use.

Source: Journal of Commerce

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U.S. May Lose More Jobs After Unemployment Hits 8.5%

The U.S. may suffer further job losses in the coming months after employers cut payrolls by 663,000 in March and the unemployment rate jumped to a 25-year high of 8.5 percent.

A host of companies -- from manufacturers such as Johnson Controls Inc. and Dana Holding Corp. to service providers like International Business Machines Corp. and even the U.S. Postal Service -- have announced plans to eliminate jobs in the face of depressed demand from their customers.

Source: Bloomberg

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Survey Finds Chinese Manufacturing Worsening

The contraction in China's manufacturing worsened in March, data showed Wednesday, and President Hu Jintao told a state news agency that the country's economic problems are increasing.

The purchasing managers index by brokerage CLSA Asia-Pacific Markets -- based on a survey of some 400 companies -- showed manufacturing shrank for an eighth month.

Source: Associated Press

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