Graham Personnel News

Richmond Fed: Manufacturing Showed Signs of Growth in January

Federal Reserve Bank of Richmond (01/26/21)

Mid-Atlantic manufacturing activity showed signs of growth in January, according to the Federal Reserve Bank of Richmond. The composite index dropped from 19 in December to 14 in January but remained in expansionary territory, as did all three of its component indexes—shipments, new orders, and employment. Overall, manufacturers were optimistic that conditions would continue to improve in the coming months.

Many manufacturers increased employment and wages in January. However, respondents struggled to find workers with the necessary skills. Firms expected this difficulty to persist but employment and wages to rise in the next six months.

Read the full article here.

Share it
Facebook
X
LinkedIn
Email

Related Posts

Source: Staffing Industry Analysts (04/02/25) In March 2025, the U.S. private sector added 155,000 jobs,...

Source: Bloomberg News (04/01/25) US job openings fell more than expected in February to 7.57...

Source: U.S. Bureau of Labor Statistics (03/11/25) In January 2025, the U.S. labor market remained...

We're currently experiencing high call volumes. For quicker response, please text us at 336-288-9330 and our team will be happy to assist you.

Download our "GPS Jobs" app to browse open jobs, get new job alerts, complete onboarding, view paystubs, and more! Available for iOS and Android.