Harry E. Figgie Jr.

(Photo Credit: Gdium’s Photostream) The Boston Consulting Group has published a new report, which predicts that the era of widespread manufacturing of US manufacturing to China has ended. From BCG’s press release: ithin the next five years, the United States is expected to experience a manufacturing renaissance as the wage gap with China shrinks and [...]

A new report indicates that Los Angeles County remains the top manufacturing employer in the United States. From the L.A. Times story: L.A. County had 389,300 people employed in manufacturing in 2009, ahead of traditional rival Chicago, which ranked No. 2 with 324,900 jobs in the sector, according to the Los Angeles County Economic Development [...]

The Wall Street Journal reports on the recent success of American manufacturing. Here is the nut graph: U.S. manufacturing, viewed as a lost cause by many Americans, has begun creating more jobs than it eliminates for the first time in more than a decade. As the economy recovered and big companies began upgrading old factories [...]

(Photo Credit: seller+seller’s photostream) The Institute for Supply Management’s Manufacturing Index was 57 in December – the 17th consecutive month that the index has indicated growth in the sector. Here is the story from CNN Money. – The Editors

(Photo Credit: Lightmash’s photostream) The Financial Times has a story today on how the latest manufacturing data suggest the American recovery is gaining steam, though unemployment remains high. The full article can be read here. – The Editors

(Photo Credit: luisvilla) The market responded well to news that the Institute for Supply Management’s manufacturing index rose to 56.9 points last month, from 54.4 in September. Most analysts were predicting that the index would fall. Here is the article from the New York Times. – The Editors

(Photo Credit: NateHaley) Calculated Risk put together some graphs on the heels of the Kansas City Fed’s manufacturing report, which revealed “moderate expansion” in the Tenth District. Here is the post. – The Editors

(Photo Credit: Cliff1066) September’s durable goods report was disappointing. While orders rose 3.3%, but orders fell nearly 1% excluding transportation. It is important to take transportation orders out because these are likely large, one-time orders that skew the statistics. The full story from the International Business Times is here. – The Editors

(Photo Credit: Treasury Department Photostream) Sherle R. Schwenninger and Samuel Sherraden of the New America Foundation/Economic Growth Program have produced a lucid slideshow called “A Recovery at Risk,” that explains simply and directly where the economy is and where it is likely headed. The piece is full of insights, but the main takeaway is that [...]

In recent days, we have noted that the rate of growth of manufacturing jobs has declined in recent months and most analysts are predicting that trend to continue. Michael Powell of the New York Times has a blog post on this issue today. – The Editors