Wall Street Journal (12/16/15) Jeffrey Sparshott; Kate Davidson
Industrial production declined for the third consecutive month in November, according to the U.S. Federal Reserve. Industrial output declined a seasonally adjusted 0.6% from October and was the steepest decline since March 2012. Capacity utilization fell from 77.5% in October to 77% in November and reached the lowest level in two years. Prior to the 2007-09 recession, capacity use generally topped 80%.
Economists polled by the Wall Street Journal had forecast industrial production would decline 0.2% in November and capacity utilization would fall to 77.4%.
Manufacturing output was flat in November. Mining output declined 1.1% in November and was down 8.2% from a year ago. Output in the utilities sector dropped by 4.3% in November, due to warm weather.
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.