Last updateWed, 25 Nov 2020 4pm

No-Recession Forecast Hinges on Unemployment Data

Citing disconnects in various economic indicators, the latest UCLA Anderson Forecast sticks with a no-recession theme but notes that the latest unemployment numbers -- if they hold -- "strongly favor the hypothesis that we are in recession."

Market analysts and economists have a wide range of opinions on the recession question, and former Federal Reserve Chairman Alan Greenspan said this month that the chance of a severe recession is diminishing.

Source: Inman

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Garlock Forms Applications Engineering, Training Unit

Garlock Sealing Technologies has formalized its applications engineering, training and customer support functions with the creation of a dedicated unit under the leadership of Matt Tones, a 15-year veteran and third-generation employee of the company.

The new unit will work on a cross-functional basis with Garlock’s engineering, product development, customer support, sales and marketing departments to bring the company’s extensive knowledge base to these activities.

Source: Garlock Sealing

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The Bottom-Line Costs of a "Perfect Storm"

Over the next few years, manufacturers of varied sizes could lose millions of dollars from their bottom lines due to looming retirements, according to a new report. Filling the talent void will be expensive, but failing to have an adequate replacement pool will be financially catastrophic.

Source: Thomasnet

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G-8 Says Oil, Food Prices Pose Threat to World Economy

Finance ministers from the Group of Eight industrialized nations urged oil producers to boost output to help stabilize record-high oil and food prices, calling the situation a serious threat to global economic growth.

The world economy faces "headwinds" because of the recent rise in prices, the G-8 ministers said in a joint statement. 

Source: Associated Press

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