Wall Street Journal (04/15/15) Eric Morath
U.S. industrial production declined a seasonally adjusted 0.6% in March from February, according to the U.S. Federal Reserve. Meanwhile, capacity utilization, a measure of slack in the industrial sector, declined six-tenths of a percentage point to 78.4%. The measure is 1.7 percentage points below the long-run average recorded since 1972. Economists polled by the Wall Street Journal had forecast a 0.4% fall in industrial production and capacity utilization of 78.6%.
Industrial production in the first quarter declined at an annual rate of 1.0%, marking the first quarterly decrease since the second quarter of 2009 and suggesting that a retreating oil industry and stronger dollar are curbing production. “The decline last quarter resulted from a drop in oil and gas well drilling and servicing,” the Fed said. “And from a decrease in manufacturing production of 1.2%.”
Say Goodbye to Mundane Tasks and Hello to Efficiency
Are you accustomed to using a plethora of resources to recruit the right candidates? Our research shows that the average firm spends around five hours logging in and out of systems to source candidates to fill one job. We’re excited to announce the next level in candidate sourcing: CareerBuilder Talent Discovery, a platform that has everything in ONE place.