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For the week of December 19, 2016
COMMENTARY – by Michael J. Hicks, PhD
Manufacturing production is well; manufacturing employment is not.
One benefit of the political debate about trade is that it led to an overdue discussion of manufacturing. But after more than a year of politicking, I'm afraid there's still a great deal of confusion about the industry and its future. To help clear things up I'll begin with a parlor trick. Pick the year you think manufacturing production peaked in the US or Indiana. Some of you will say; 1928, 1945, 1975 and sometimes even 1999. The correct answer, of course, is 2015. Yes, inflation-adjusted manufacturing production peaked both in the US and Indiana in 2015, replacing 2014 as the record year. Prospects for 2016 looks pretty good as well.
Read the full text: The Future of Manufacturing Production and Jobs
Last week's commentary: The Problems of Slow Economic Growth
Ball State University and CBER will close at 3 p.m. on Friday, December 23rd and reopen Wednesday, December 28th. The offices will also close at 3 p.m. on Friday, December 30th and reopen Monday, January 2nd. Spring Semester courses will begin Monday, January 9th.
View our latest work and related topics by visiting our projects and publications library.
Projects and Publications Library: http://projects.cberdata.org
DID YOU KNOW? – by Dagney Faulk, PhD
November 2016 data on retail sales was recently released and came in at $465.5 billion, an year-over-year increase of 3.75 percent. Retail sales (including food services) had been steadily increasing since the low point of $330.2 billion during March 2009. Growth in food services sales and until this past month motor vehicle sales have been strong contributors to retail sales growth.
ECONOMIC INDICATORS – View all economic indicators (CBER Data Center).
December 19, 2016
December 22, 2016
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