News

Whip Emmer Applauds Innovation at Niron Magnetics

House Majority Whip Tom Emmer (R-MN) recently toured Niron Magnetics’ headquarters in Minneapolis, Minnesota, where he met with company leaders and employees to discuss the future of domestic manufacturing, alternatives to rare earth magnets (a manufacturing input largely controlled by China) and pro-growth tax policy. Pioneering technology: Niron Magnetics is developing the world’s only high-performance …

NAM and MI: AI Will Strengthen the Manufacturing Workforce

Manufacturers are leading the charge on artificial intelligence—but unlocking its full potential depends on training workers to use AI technologies and expanding the talent pipeline. By embracing AI and equipping people with the right skills, the industry can help fill hundreds of thousands of open jobs, the NAM told

Indexes Reflect Mixed Consumer Confidence

Consumer confidence increased 2.0 points in July to 97.2. The Consumer Confidence Index stabilized following June’s decline but remains below the confidence level one year ago. Among its components, the Present Situation Index declined slightly, while the Expectations Index improved, with consumers’ pessimism about the future receding some. The Present Situation Index, reflecting current business …

Texas Manufacturing Activity Increases, Perceptions Improve

In July, Texas factory activity rose markedly following a decline in June. The production index jumped 20 points to 21.3, the highest reading in three years. Meanwhile, other measures were mixed. The new orders index remained negative at -3.6 but advanced nearly four points. On the other hand, capacity utilization and shipments jumped into positive …