During M. Holland’s recent summer internship program, 15 bright college students worked both in-person and remotely across many departments. Click here to read more about their experiences at M. Holland and their perspectives on the plastics industry.
Two more U.S. rail unions reached a contract agreement with railroads last week. About 21,000, or 15%, of 140,000 unionized workers have now reached some form of agreement with their employers.
Labor experts fear one of the biggest strikes in American history could result from next spring’s labor negotiations between the Teamsters and UPS, which handles an estimated 6% of U.S. GDP and is the world’s largest package delivery service.
Over 75% of supply chain executives believe wages and bonuses will need to be raised to attract and retain warehouse workers.
The U.S. government could start taking applications for almost $40 billion in computer-chip manufacturing subsidies by February, officials indicated.
U.S. and EU imports of Russian aluminum and nickel rose as much as 70% in the second quarter, as sanctions largely spared the industrial metals sector.
Margins for U.S. processors of pork fell 70% year over year in August, as rising costs for grain and fuel led hog farmers to shrink the size of their herds.
Online pet-products seller Chewy continues to build out its automated fulfillment services with the recent opening of a third facility in Reno and the planned opening of a fourth in Nashville this fall.
The U.S. reported 69,828 new COVID-19 infections and 342 virus fatalities Tuesday.
By the end of this week, over 90% of Americans will live within 5 miles of sites carrying the newest COVID-19 vaccines modified to fight fast-spreading Omicron subvariants, according to the White House.
COVID-19 cases in New York state fell 9% last week.
S&P Global’s composite U.S. purchasing managers’ index fell from 47.7 in July to 44.6 in August, the sharpest decline in private-sector business activity in over two years:
In contrast, the U.S. services sector expanded for a second month, while measures of supply bottlenecks and price pressures eased, according to the Institute for Supply Management.
Bank of America says U.S. consumers and businesses are still in good financial shape despite fears of a recession, with customer spending rising 10% year over year in August while account balances were higher than in 2019.
Financial pain is spreading in the junk-loan market, which saw over $6 billion in defaults in August, a two-year high.
Global investors continue piling into U.S. stocks as a relative shelter from economic turmoil, with U.S. equity funds pulling in money for four of the past six weeks.
The U.S. Labor Secretary says immigration will need to be overhauled as a lack of available workers poses greater threats to the national economy than inflation.
Argentina has secured over $5 billion in added financing from the Inter-American Development Bank as the nation seeks to quell financial turmoil that has pushed inflation to over 90% this year and left 40% of its people in poverty.
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