May 11, 2011 Headlines: U.S.-China Talks Wrap-Up, US Trade Deficit Widens, and More

Posted by smorgante on 05/11/2011

WSJ: U.S. trade gap widens again, this time to $48.18 billion, a rise of 6%.

 “Tough love” revived GM: strong support, but several string were attached (The Hill).  And now they plan to spend $2 billion to hire workers and upgrade plants in the U.S. (NYT)

Begninning the summit with high hopes (NYT), the U.S. and China made progress on talks (Reuters), including an end to China’s illegal subsidies (The Hill) . But still, no progress on currency (WaPo).

WaPo: As China’s cost advantage begins to disappear, look for a renaissance for American manufacturing.

USAT: Tech jobs are leaving Silicon Valley and heading to India. Why? The workers want to stay, but they’re unable to get the necessary visas.

WaPo: Is China’s economic misfortune our gain?

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@KeepitMadeinUSA on Twitter

  • Jobs numbers show auto sector & supply chain account for over half of manufacturing gains. http://t.co/wPosFbEeVB @IndustryWeek #AAMeter 35 min 4 sec ago
  • RT @JoeSudbay: "@KeepitMadeinUSA said [manufacturing] sector has recovered only 30% of the jobs lost during the recession" http://t.co/Jdgh… 45 min 1 sec ago
  • RT @ScottPaulAAM: Job Market Shows New Gains, but Pace Eases http://t.co/QorLHWIFKc via @nytimes With analysis from @KeepItMadeinUSA on #ma 45 min 4 sec ago
  • RT @tracysefl: From @nytimes @dionnesearcey -- @KeepitMadeinUSA offers 3 reasons why the jobs resurgence isn't greater http://t.co/fA0iCuYF… 45 min 6 sec ago
  • In story on jobs numbers, @nytimes notes manufacturing has gained back just 30% of jobs lost during Great Recession. http://t.co/QKNHIBfXol 45 min 12 sec ago
  • RT @ebrotherton: Manufacturing sector added 28,000 jobs in July. Best showing since November 2013. But more work to do: http://t.co/GAP8HEE… 2 hours 26 min ago
  • Manufacturing punched above its weight in July. Rebound in the sector possible. But we still have a long way to go: http://t.co/W2RQm9xwMH 2 hours 42 min ago
  • RT @tlanddc: Adding +28,000k manufacturing jobs, closest @BarackObama has come to keep on track with his goal of 1M by end of second term #… 2 hours 57 min ago
  • #AAMeter RT @ScottPaulAAM The auto sector accounted for over half of #manufacturing job growth in July: 14.6k of 28k total jobs added. 2 hours 57 min ago
  • 28K new manufacturing jobs in July the 2nd time in Obama's 2nd term job numbers on target to hit Obama's 1 million new jobs goal. #AAMeter 3 hours 16 min ago