Associated Press (06/02/15) Josh Boak
U.S. factory orders fell in April, an indication that manufacturers are struggling amid cheaper oil and a strong dollar. Orders declined 0.4%—the eighth decline in nine months—according to the U.S. Department of Commerce. Orders for durable goods fell 1%, and demand for nondurable goods rose just 0.2%.
Meanwhile, there are indications that manufacturers have responded to the changing conditions. Energy firms reacted quickly to oil prices falling below $60 a barrel, and the impact of the sector’s layoffs and canceled orders has largely been processed by the economy.
New Webinar: CareerBuilder Staffing and Recruiting Talent Brief
As many as 75% of staffing and recruiting professionals say some of their currently existing talent acquisition and human capital management roles will be completely automated using technology over the next 10 years. Find out how this will impact your business.