08152018Wed
Last updateTue, 14 Aug 2018 7pm

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Manufacturing & The Economy

Do U.S. Manufacturers Have Their “Mojo” Back?

Bloomberg reports that the government’s latest jobs report showed factories have taken on 74,000 workers in the past three months, with manufacturing payrolls approaching 12.5 million — the highest since January 2009.

While recovery efforts from hurricanes Harvey and Irma are helping propel business activity, sturdy domestic sales and improving international demand means that orders have piled up and caused backlogs to mount, a reliable signal that a boost in production will drive the economy. 

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