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Entries in Industry (2)

Wednesday
May112011

American Exports Boom in March, Biggest Gain Since '94

Dynamic Graphics/Thinkstock(WASHINGTON) -- It’s a big boost for “Made in the USA:” American exports jumped in March, but imports rose as well.

American exports rose 4.6 percent in March, the biggest monthly gain since 1994. U.S. manufacturers stepped up production with increasing foreign demand for cars, chemicals and industrial machinery.

The Commerce Department says the trade deficit grew to more than $48 billion because of the soaring price of oil imports.

Copyright 2011 ABC News Radio

Friday
Mar042011

Americans Head Back to Work as Industries Revive

Jupiterimages/Thinkstock(NEW YORK) -- For many Americans, it has been a long, winding road back from the depths of recession, but Friday's positive government report on jobs offers hope that the nation is slowly getting back to work.

The Labor Department reported that 192,000 new jobs were created in February, up from January's report of 63,000.

Unemployment has dropped below nine percent for the first time since April 2009, and behind each number and statistic is a person on a journey back to a job.

One year ago Barry Scott, from Chicago, had been out of work for 25 months. He had applied for 475 jobs and had gone on 100 interviews.

"I'm actually talking to a company in Australia," he said at the time. "I may have to do something as crazy as that to find a way to get a job."

ABC News' David Muir found Scott Friday, not in Australia, but in Orlando, Fla., at a sales conference. He's now working by selling equipment to factories. He was once a sales manager, but today a sales job suits him just fine.

It looks as if American manufacturers are hiring again, something ABC's World News with Diane Sawyer has focused on all week with its "Made in America" series. U.S. factories added 33,000 jobs in February, and 189,000 over the past year.

Construction has also picked up.

Americans are dining out more, too, and that meant 21,000 new jobs in the restaurant sector. Even hard hit industries like trucking and real estate now show signs of life.

Not long ago, Americans feared that the country would see an unemployment rate rise higher than 10 percent, but that fear has eased.

Temporary hires are up, which economists see as a sign that more permanent hiring could be just around the corner.

Copyright 2011 ABC News Radio







ABC News Radio