|
Strong auto sales and growing business investment in machinery and other equipment have been keeping factories busy and helping the economy grow. U.S. factory activity has grown steadily since the recession ended 2 1/2 years ago, as measured by the Institute for Supply Management. The trade group of purchasing managers said the pace of growth slowed slightly in February. About 9 percent of the nation's jobs are in manufacturing. But last year, factories added 13 percent of new jobs. And in January, about one-fifth of the 243,000 net jobs the economy created were in manufacturing. The government will release a crucial report Friday on February job growth. The economy grew at an annual rate of 3 percent in the final three months of last year. A forecasting panel of the National Association for Business Economics said last week that the economy should grow 2.3 percent this year.
[Associated
Press;
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor