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U.S. Factories Help Job Recovery Endure in March

Associated Press (03/15/12) Christopher S. Rugaber

According to surveys by the Federal Reserve Bank of Philadelphia and the Federal Reserve Bank of New York, manufacturing in the two regions is growing at a healthy rate, and factories in the regions have been hiring more employees. An increase in automobile sales and rising demand for heavy equipment are keeping factories busy. However, the surveys show new orders and shipments have slowed, suggesting that future activity may be weaker.