U.S. Consumer Confidence Falls to Lowest Level Since April
U.S. consumer confidence fell to 88.7 in November, down from 95.5 in October, as tariffs, weak hiring, and persistent inflation weighed on economic sentiment. Fewer Americans view jobs as “plentiful,” while concerns about prices, tariffs, and the federal government’s...
Federal Cuts Could Slash Illinois Economy by $10 Billion
A report by the Illinois Economic Policy Institute finds that federal budget cuts, including changes to Medicaid and frozen transit funding, could reduce Illinois’ economy by nearly $10 billion each year by 2029 and cost the state 86,000 jobs. Major impacts include...
Southwire Invests $176M to Expand Alabama Plant
Southwire is investing $176 million to expand its Cleburne County, Alabama facility by 340,000 square feet, modernizing medium-voltage cable production, and adding more than 85 jobs. The expansion marks the company’s fourth major investment at the site and reflects...
GE Aerospace Invests $53M to Expand North Carolina Facility
GE Aerospace is investing nearly $53 million to expand its West Jefferson facility by more than 35,000 square feet and boost production of narrowbody aircraft engines. The project is expected to create over 40 jobs and support hiring for roles including apprentice...
Over 3,500 Arizona Jobs Affected by Q4 Layoff Notices
More than 3,500 jobs in Arizona have been impacted by layoff notices from seven organizations, including shifts to contract work and federal positions restored after the government shutdown. The seven organizations that reported reductions include: Arizona Autism...
Costco Joins Legal Challenge Over Trump Tariffs
Costco has filed a lawsuit to secure potential refunds if the Supreme Court rules against Trump-era tariffs, joining mostly small businesses and state officials in challenging the policy. The company said it acted because uncertainty over whether all businesses will...
ISM Data: Tariff Uncertainty Deepens U.S. Manufacturing Contraction
The U.S. manufacturing sector contracted at a faster pace in November, with the ISM Purchasing Managers’ Index slipping to 48.2% as tariff-related pressures weigh on the industry. Weakness in new orders, employment, and backlogs contributed to the decline, along with...
BioTouch to Invest $12.5M, Create 480 Jobs in Columbus, Georgia
Healthcare logistics company BioTouch will invest $12.5 million to expand its two Columbus, Georgia facilities, creating 480 new jobs over the next four years. The expansion will enhance BioTouch’s manufacturing capabilities for medical testing and sample collection...
GE Appliances Rolls Out $150M in New U.S. Supplier Contracts
GE Appliances is directing over $150 million in new contracts to U.S. suppliers as it builds out its upcoming laundry machine plant in Louisville, Kentucky. The funding is part of the company's broader push to localize its supply chain, complementing more than $3...
GM Commits $250M to Modernize Parma Metal Center in Ohio
General Motors is investing $250 million to upgrade its Parma Metal Center, which produces sheet metal parts for several U.S. vehicle assembly plants. The investment is part of GM’s broader $5.5 billion 2025 manufacturing spending plan and aims to strengthen domestic...