A Manufacturing.net article reports U.S. orders for durable goods dropped 0.7% during the month of November. The decline was driven in large part by falling demand in the military and defense sectors, says Manufacturing.net. As noted in the article, the Commerce Department reports the decrease in durable goods marks the third decline in the past four months. “Much of the decrease came from a steep 8.1% plunge in demand for defense-related...
According to a new report from PricewaterhouseCoopers (PwC), the $2.8 trillion U.S. healthcare industry will undergo significant transformation in 2015. PwC’s research shows the industry will become increasingly consumer-driven as the effects of the Affordable Care Act continue to ripple through the sector. A key trend identified in the research study involves do-it-yourself healthcare: Nearly half of physicians would use data streamed from...
A new report from IDC Manufacturing Insights explores the subject of spare parts planning and service parts management for manufacturers. According to the “Business Strategy: Spare Parts Planning for Service Excellence” report, spare parts planning will play an important role in the move toward more strategic aftersales service. IDC’s research predicts savvy manufacturers will see 30% of revenue from service and service-based product...
The healthcare industry is experiencing above-average hiring growth, according to a new report from CareerCast. As noted in a RevCycle Intelligence article on the report findings, healthcare unemployment has dropped to 3.7% as 21,000 healthcare-related positions have been added each month throughout 2014. Recent research from the U.S. Bureau of Labor Statistics confirms that healthcare hiring is on the rise.  In fact, the BLS projects...
The U.S. manufacturing industry continued its growth during the month of October, according to a recent Manufacturing.net article. Despite this growth, Manufacturing.net also notes that the automotive sector experienced declines in production for the third straight month. In October, auto production fell 1.2%, after declines of 1.9% in September and 7.2% in August. While the Federal Reserve says output at manufacturing plants rose 0.2...
According to forecasts from the National Automobile Dealers Association (NADA), new vehicle sales are expected to increase by more than 3% during 2015. NADA sees U.S. new vehicle sales growing to 16.9 million in 2015, up from 16.4 million in 2014, due to continued economic improvement, low interest rates, and dropping fuel prices. The Automotive News Data Center shows the monthly U.S. adjusted sales rate has topped 16 million vehicles for...
According to new data from the Bureau of Economic Analysis, manufacturers produced $2.085 trillion in value-added during the second quarter of 2014. A recent economic report from the National Association of Manufacturers (NAM) cites that this figure is continued evidence that the manufacturing sector has a significant impact on U.S. economic activity, accounting for 12% of GDP. NAM also notes that the manufacturing sector added .81...
According to a J.D. Power press release, a drop in fuel prices during the month of October has led to an increase in large pickup truck loyalty. Data gathered by the Power Information Network® (PIN) from J.D. Power shows that new-vehicle retail buyers trading in a large pickup can be swayed by the current fuel prices. U.S. News & World Report data confirms the decline in gas prices. At the end of last month, the average retail price for...
According to data released last month from the U.S. Bureau of Labor Statistics, healthcare hiring is on the rise. Crain’s Report Business reports that the sector added 24,500 jobs in October and 257,000 jobs during the prior 12 months. Crain’s states that several healthcare verticals experienced hiring growth last month. Ambulatory care added 18,500 jobs in October, followed by home health employment (7,400) and physician offices (3,...
The October 2014 issue of the U.S. Bureau of Labor Statistics’ “Beyond the Numbers” publication highlights 20 years of data from the Census of Fatal Occupational Injuries (CFOI). According to the data, during the 20-year period from 1992 – 2011, 115,091 workers were killed from workplace injuries. The research notes that nearly half (42%) of fatal occupational injuries over the 20-year period resulted from transportation incidents, followed...

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