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Feb 9th, 2018

I Stock 502178838 5f9040b428638

US Cutting Tool Consumption Sunk 22% in 2020

Orders picked up steadily after bottoming out at down 36 percent year-over-year in May, but still have a long way to go to comparative breakeven.

Cristian Cardona, right, an employee at a McDonald's, attends a rally for a $15 an hour minimum wage on Feb. 16 in Orlando, FL.

Is the $15 Minimum Wage a Job Boon or Bust?

The U.S. lags other developed countries in the size of its minimum wage.

I Stock 1179825208

January Wholesale Prices Jump 1.3%

The gain was led by health care and energy prices.

Industrial Production I Stock 1169155411

US Industrial Production Climbs 0.9% in January

Manufacturing rose 1% even though auto production was held down by a shortage of semiconductors.

In this Jan. 28, 2021 file photo, President Joe Biden signs a series of executive orders in the Oval Office of the White House in Washington.

Minimum Wage Hike Commitment Faces Uncertainty with Biden

The effort to raise the minimum wage from the current $7.25 to $15 is facing an unexpected roadblock: Biden himself.

Bitcoin Unit Cost Hits $50,000 for First Time

The same Bitcoin just one year ago would have cost you $10,000.

In this Feb. 6, 2021 file photo, a woman walks past a 'Now Hiring' sign displayed at a CD One Price Cleaners in Schaumburg, Ill. In a stark sign of the economic inequality that has marked the pandemic recession and recovery, Americans as a whole are now earning the same amount of wages and salaries that they did before the pandemic struck, even with nearly 9 million fewer people at work.

US Salaries Recover Even as Jobs Haven't

This underscores how disproportionately job losses have afflicted workers in lower-income occupations.

President Joe Biden speaks during a meeting with lawmakers on investments in infrastructure, in the Oval Office of the White House, Thursday, Feb. 11, 2021, in Washington. From left, Sen. Ben Cardin, D-Md., Sen. Jim Inhofe, R-Okla., Vice President Kamala Harris, Biden, Sen. Tom Carper, D-Del., and Sen. Shelley Moore Capito, R-W.Va.

Biden Hopes Infrastructure Can Bridge Partisan Divide

Both the Obama and Trump administrations famously promised to invest in infrastructure, only never fully to deliver.

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Pandemic Revenue Index Jumps to Double-Digit Growth

Feb. 1-5 was one of the best non-holiday-impacted weeks since the PRI started nearly a year ago.

President Joe Biden speaks in the State Dinning Room of the White House, Feb. 5, 2021.

Biden Treads Carefully Around Trump's Combative Trade Policy

Biden’s team has promised a platform that will support U.S. workers.

Ecology Concept Hand Holding Light Bulb Against Nature On Green Leaf With Icons Energy Sources For Renewable, Sustainable Development, Save Energy 1158790704 1237x850

A Business Case for the Circular Economy

Besides reducing their strain on the environment, there are some major business benefits for manufacturing companies taking a circular approach.

I Stock 1199458919 5ede5563a5848

Metal Cutting Machinery Orders Ended 2020 on Strong Note

December US orders surged 40 percent from November, cutting the year-to-date deficit to less than 15 percent compared to 2019.