Last updateMon, 28 Sep 2020 2pm

U.S. Trade Deficit Narrows as Imports Fall Sharply

Trade between the United States and the rest of the world contracted again in February, but an unexpected increase in exports fueled a debate about whether the economy was beginning to stabilize.

The Commerce Department reported on Thursday that imports fell sharply in February, dropping another 5 percent.

Source: New York Times

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Survey: Hiring Down in Manufacturing, Services

Compared with a year ago, hiring is down by two-thirds in manufacturing and more than one half in services, according to a survey by the Society for Human Resource Management.

Those two categories employ more than 90 percent of the nation’s private-sector workers.

Source: Atlanta Business Journal

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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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