{"id":8171,"date":"2021-06-17T09:03:01","date_gmt":"2021-06-17T09:03:01","guid":{"rendered":"https:\/\/www.mrpeasy.com\/blog\/?p=8171"},"modified":"2021-06-17T09:04:03","modified_gmt":"2021-06-17T09:04:03","slug":"week-24-in-manufacturing-news-3","status":"publish","type":"post","link":"https:\/\/www.mrpeasy.com\/blog\/week-24-in-manufacturing-news-3\/","title":{"rendered":"Week 24 in Manufacturing News"},"content":{"rendered":"\n<p>Federal Reserve Officials Project Rate Increases in 2023;  U.S. Opens $3 Billion Aviation Manufacturing Wage Subsidy Program;  The Southwest Is Becoming a New Manufacturing Hub in U.S.;  UK Manufacturing Growth Set to Double After Strong Covid Rebound.<\/p>\n\n\n\n<!--more-->\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2021\/06\/week-24-in-manufacturing-news-2021.jpg\" alt=\"\" class=\"wp-image-8172\" srcset=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2021\/06\/week-24-in-manufacturing-news-2021.jpg 1000w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2021\/06\/week-24-in-manufacturing-news-2021-300x200.jpg 300w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2021\/06\/week-24-in-manufacturing-news-2021-768x512.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"link-340bb15f\">Federal Reserve Officials Project Rate Increases in 2023<\/h2>\n\n\n\n<p>Federal Reserve officials signaled on Wednesday that they expected to raise interest rates from rock bottom sooner than they had previously forecast and that they were taking baby steps toward reducing their vast bond purchases \u2014 tweaks that, together, demonstrated their increasing confidence that the economy would rebound robustly from the pandemic. <\/p>\n\n\n\n<p>Source: <a rel=\"noreferrer noopener nofollow\" aria-label=\"New York Times (opens in a new tab)\" href=\"https:\/\/www.nytimes.com\/2021\/06\/16\/business\/economy\/fed-meeting-inflation.html?campaign_id=60&amp;emc=edit_na_20210616&amp;instance_id=0&amp;nl=breaking-news&amp;ref=cta&amp;regi_id=100468583&amp;segment_id=60864&amp;user_id=9ed6677501f20b16759b6ec7154865dc\" target=\"_blank\">New York Times<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">U.S. Opens $3 Billion Aviation Manufacturing Wage Subsidy Program <\/h2>\n\n\n\n<p>The U.S. Transportation Department said Tuesday it had launched a $3 billion aviation manufacturing payroll subsidy program that will cover up to half of eligible companies&#8217; compensation costs for as long as six months.<\/p>\n\n\n\n<p>The program, funded by Congress, requires companies to commit to not conducting furloughs without employee consent or laying off employees covered by subsidies during the six-month period. Applications must be filed by July 13.<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/us-opens-3-billion-aviation-manufacturing-payroll-assistance-program-2021-06-15\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" aria-label=\"Reuters (opens in a new tab)\">Reuters<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The Southwest Is Becoming a New Manufacturing Hub in U.S.<\/h2>\n\n\n\n<p>The traditional view of American manufacturing tends to focus on the Rust Belt or the Southeast. But a new report by&nbsp;<em>The Wall Street Journal<\/em>&nbsp;(WSJ) details how the Southwest has quickly become a hotbed for new manufacturing operations.<\/p>\n\n\n\n<p>The analysis suggested the region\u2019s cheap, available land, and relatively low cost of living \u2014 compared to eastern and Midwestern metro areas \u2014 helped draw more of the population into southwestern states, which provided an influx of young, tech-savvy talent that manufacturers in the area could draw from.<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/www.thomasnet.com\/insights\/the-southwest-is-becoming-a-new-manufacturing-hub-in-u-s-report\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" aria-label=\"Thomasnet (opens in a new tab)\">Thomasnet<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">UK Manufacturing Growth Set to Double After Strong Covid Rebound<\/h2>\n\n\n\n<p>The UK\u2019s manufacturing sector is expected to grow twice as fast in 2021 as forecast at the start of the year after an unexpectedly strong rebound in production as companies emerge from the worst of the pandemic. Make UK, which represents 20,000 companies across engineering, manufacturing and industrials, said that output volumes reported in the last quarter were at the highest level since its research began 30 years ago. <\/p>\n\n\n\n<p>Source: <a rel=\"noreferrer noopener nofollow\" aria-label=\"Financial Times (opens in a new tab)\" href=\"https:\/\/www.ft.com\/content\/194aec52-a32d-4dfb-ac20-5c4222e94020\" target=\"_blank\">Financial Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Officials Project Rate Increases in 2023; U.S. Opens $3 Billion Aviation Manufacturing Wage Subsidy Program; The Southwest Is Becoming a New Manufacturing Hub in U.S.; UK Manufacturing Growth Set to Double After Strong Covid Rebound.<\/p>\n","protected":false},"author":1,"featured_media":8172,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[56],"tags":[3,57,102,101],"class_list":["post-8171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-manufacturing","tag-manufacturing-news","tag-uk-manufacturing","tag-us-manufacturing"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Week 24 in Manufacturing News - Manufacturing Software Blog<\/title>\n<meta name=\"description\" content=\"Manufacturing news week 24 in 2021. 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