WASHINGTON (AP) – U.S. manufacturing grew in November at the fastest pace in 2½ years as factories ramped up production, stepped up hiring and received orders at a healthy clip.
The Institute for Supply Management said Monday that its index of manufacturing activity rose to 57.3. That was up from 56.4 in October and was the highest since April 2011. A reading above 50 signals growth.
One component of the index, a measure of hiring, rose to its highest level in nearly 18 months. And a gauge of export orders reached its highest level in nearly two years. Overseas demand is benefiting from modest recoveries in Europe, Japan and China.
Manufacturing activity has now expanded for six straight months after hitting a rough patch in the spring. The steady gains suggest that growth is remaining healthy in the current October-December quarter.
Editor’s note: The only way to make Pottstown better is to clean house! New mayor, new councilors. We ask you to please support the new candidates running for office and write in Ross Belovich for mayor. If you wonder why, check out the Crime in Pottstown Facebook page and read what’s happening to your town. It’s time to take it back! POWER TO THE POTTSTOWN PEOPLE!
In Montgomery County, a contested Democratic primary in Pottstown’s Seventh Ward has translated into a general election battle.
Although incumbent Borough Councilman Joseph Kirkland easily won the Democratic line in the November ballot, his opponent, Cindy Conard picked up 50 wrote-in votes on the Republican line, for which no candidates were running.
As a result, the two will face-off again on the November ballot, with Kirkland on the Democratic line and Conard on the Republican line.
The number of Pennsylvania‘s unemployed decreased by 16,000 in November, the largest decline since 1983 and the second largest decline on record.
The unemployment rate was 7.8 percent in November, down three-tenths of a percentage point from the October rate of 8.1 percent, according to a press release from the state Department of Labor and Industry.
This was the lowest rate for Pennsylvania since June.
WASHINGTON — The U.S. economy added 146,000 jobs in November and the unemployment rate fell to 7.7 percent, the lowest since December 2008. The government said Superstorm Sandy had only a minimal effect on the figures.