Economy
10 articles
German machine tool orders surge globally, but domestic production shrinks
In the first half of 2026, incoming orders for German machine tools surged by 14%, even as domestic production plummeted by 7%.
Industrial and residential cleaning services market sees high growth
The global commercial cleaning market is set to nearly double, from USD 72.
July jobs slump: Skilled trades face deeper chill
In July, the US economy added a mere 187,000 jobs.
Federal Reserve Holds Rates Steady Amid Economic Uncertainty
During his inaugural Federal Reserve meeting, Kevin Warsh's influence was palpable.
US construction starts surge to $1.33T annual rate in April
US construction starts surged to a $1.33 trillion annual rate in April 2026.
Vocational Training Investment Key to Skilled Labor Shortage
The U.S. faces a staggering annual deficit of 1.7 million skilled-trade workers, a gap threatening to stall critical infrastructure and economic growth across multiple sectors. Annually, 2.9 million s
Canada Invests $6 Billion to Address Skilled Trades Labor Shortage
The Canadian government commits up to $6 billion over five years to address the skilled trades worker shortage, according to Daily Hive .
Skilled trades shortage strains economy, new training initiatives launch
The U.S. faces a projected deficit of nearly 1.4 million skilled trades jobs by 2030. This gap could cost the national economy an estimated $325.6 billion in lost GDP annually, according to Bringbackt
Blue-collar wages surge, making degrees a riskier path for young people
Between 2019 and 2024, real hourly wages for the lowest-paid 10% of US workers jumped by 15.
US industrial production dip impacts skilled trades and market stability
In March, US manufacturing output fell 0.