Friday, January 6, 2012
On the Road Again
By Michael Fonda - Chicago
In our blog post of June of last year (read here), we wrote how the I-39 Corridor, that 150 mile stretch of interstate highway between Beloit, WI and Bloomington, IL, was poised for manufacturing growth. Today the Wall Street Journal has presented anecdotal evidence that growth of the U.S. manufacturing sector, due to higher productivity, lower dollar-adjusted wage rates and more flexible work rules, is starting to gain traction (read here). Additionally, the U.S. Labor Department reported this morning that overall U.S. non-farm job growth rose by 200,000 new jobs and that the unemployment rate dropped to 8.5% (read here). Great news on the jobs front for the U.S. We're not out of the woods yet but it appears that we are on the right trajectory.
Update February 4, 2012. More good news for the United States. Caterpillar is moving jobs to right-to-work state Indiana (read here).
Posted by Michael Fonda, © 2012 Michael Fonda at 1:18 PM