The Department of Labor’s final rule on overtime regulations will influence how an estimated 4.2 million American workers are paid during the first year of implementation, which starts December 1, 2016.
Global Economy, Competitiveness, Economic Environment, Labor, Money & Finance, GDP
When discussing employment data, it is imperative to remember that manufacturing is more productive than other sectors. In my report, I note that it takes about 5.8 full-time equivalent manufacturing jobs to achieve $1 million in value-added, versus 7.7 for both transportation and services and 16.9 for retail trade.
The MAPI Foundation today released its latest U.S. Industrial Outlook, a quarterly analysis of 27 major industries, which found that manufacturing industrial production was unchanged from the third to the fourth quarter of 2015. The analysis indicates that such factors as high inventories, a strong dollar, falling commodity prices, and risk aversion have not dissipated and are the cause of this slow growth.
Following is an analysis from Daniel J. Meckstroth, Ph.D., vice president and chief economist for the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity and Innovation, regarding the February 2016 Institute for Supply Management report.
Following is an analysis from Cliff Waldman, director of economic studies for the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity and Innovation, regarding the January 2016 durable goods report.
New research by MAPI Foundation Chief Economist Dan Meckstroth, using analysis of national input–output tables by Interindustry Forecasting (Inforum) at the University of Maryland, shows that two measures commonly used by the government to quantify manufacturing’s overall footprint significantly underestimate the impact of the factory sector.
The U.S. manufactures trade picture continued to dim in 2015, especially when compared with China, causing significant job decreases, according to an analysis from the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity and Innovation.