Capital Briefing

For the latest legislative updates and policy briefs, NAM members rely on their weekly Cap Briefing e-mail, which provides quick information on our top priorities in a dynamic format.
  • The Center News: January 2015

    21 January 2015 | eNewsletter

    Happy New Year! 2015 will be an active and important year on the legal front for manufacturers. The Manufacturers’ Center for Legal Action (MCLA) started the year off with a bang by launching a suit challenging the National Labor Relation Board’s new ambush elections rule on statutory and constitutional grounds.

  • Monday Economic Report: January 20, 2015

    20 January 2015 | eNewsletter

    Financial markets around the world continue to react to the softening global economic environment. In particular, foreign exchange markets were rocked by news that Switzerland would no longer support its cap on the Swiss franc, where that currency has been seen as a safe haven, particularly against the euro.

  • Monday Economic Report: January 12, 2015

    12 January 2015 | eNewsletter

    The U.S. economy generated 2.95 million net new nonfarm payroll workers in 2014, the fastest annual pace since 1999. In addition, the unemployment rate fell to 5.6 percent, its lowest level since June 2008. Manufacturers, for instance, hired an additional 15,500 workers on average each month in 2014, with 762,000 more employees since the end of 2009. The sector currently employs just more than 12.2 million workers. Therefore, manufacturing employment has increased at a decent pace of late, consistent with a mostly upbeat outlook.

  • Capital Briefing: January 9, 2015

    09 January 2015 | eNewsletter

    On January 5, the NAM filed a lawsuit against the National Labor Relations Board (NLRB) in U.S. District Court to stop the agency’s overreach on the “ambush elections” rule.

  • Global Manufacturing Economic Update: January 2015

    09 January 2015 | eNewsletter

    The minutes of the Federal Open Market Committee’s December 16–17 meeting continue to reflect increased optimism about the U.S. economy, with relative strength in both output and labor markets. Federal Reserve participants expect U.S. real GDP growth of 2.6 to 3.0 percent in 2015, with the unemployment rate falling to 5.2 to 5.3 percent and core inflation remaining below its stated goal of 2.0 percent. At the same time, they expressed worries that global economic challenges might dampen growth here.

  • Monday Economic Report: January 5, 2015

    05 January 2015 | eNewsletter

    Growth in manufacturing activity slowed somewhat in December, according to the Institute for Supply Management (ISM). The headline purchasing managers’ index (PMI) dropped from 58.7 in November to 55.5 in December, its lowest level in six months. Slower global growth, reduced commodity prices and the West Coast ports slowdown were cited in the ISM report as reasons for the decline. While this report was disappointing, it is notable that the lower figure followed several months of very healthy expansions in both new orders and production, and manufacturers were more upbeat at year’s end than earlier in the year.

  • Monday Economic Report: December 22, 2014

    22 December 2014 | eNewsletter

    Manufacturing production was up sharply in November, with output increasing 1.1 percent for the month and 4.8 percent year-over-year. These healthy gains followed a softer-than-desired autumn, and we hope it suggests that production figures will begin to match the relative optimism regarding expected demand and output seen in a number of sentiment surveys, including the latest NAM/IndustryWeek Survey of Manufacturers. Capacity utilization for the sector was also higher, up from 77.6 percent in October to 78.4 percent in November.

  • Capital Briefing: December 19, 2014

    19 December 2014 | eNewsletter

    NAM Leads “Ambush Elections” Response to Prevent Enactment. In the aftermath of the National Labor Relations Board’s (NLRB) “ambush elections” rule to dramatically shorten the time frame for union elections, the NAM is amplifying our fight—and preparing to take the matter to court.

  • The Center News: December 2014

    17 December 2014 | eNewsletter

    Last week, the National Labor Relations Board (NLRB) made organizing a union much easier. On December 11, the Board ruled in Purple Communications, Inc. that employees have the right to use work email for organizing activities during nonworking time. The very next day, it issued its final rule on ambush elections, which stipulates that elections can now occur within 15 days from the date an organizing petition is filed. Shortening the period before an election denies employees the time required to gather needed facts and make an informed decision.

  • Monday Economic Report: December 15, 2014

    15 December 2014 | eNewsletter

    The biggest domestic economic news story last week was actually a global one: The price of petroleum continued to plummet. Since peaking at $107.95 per barrel on June 20, the price of West Texas Intermediate crude has fallen dramatically, down to $57.49 a barrel on Friday.

  • Global Manufacturing Economic Update: December 2014

    12 December 2014 | eNewsletter

    The global economy has seen its share of challenges this year. These include deflationary worries in Europe, decelerating growth in China and declining activity in South America, among others. As we noted in last month’s report, the United States fares pretty well in comparison.

  • Capital Briefing: December 12, 2014

    12 December 2014 | eNewsletter

    As of press time, manufacturers are closing in on several legislative victories that will help our sector and the broader economy continue to rebound.

  • Monday Economic Report: December 8, 2014

    08 December 2014 | eNewsletter

    Business leaders continue to reflect optimism about the coming months, with 91.2 percent of survey respondents saying they are either somewhat or very positive about their own company’s outlook. Moreover, manufacturers predict growth of 4.5 percent in sales and 2.1 percent in employment over the next 12 months, with both experiencing the strongest pace in at least two years.

  • Capital Briefing: December 5, 2014

    05 December 2014 | eNewsletter

    On December 3, the House approved H.R. 5771, the Tax Increase Prevention Act of 2014, by a vote of 378–46. This bill will restore for 2014 a package of tax provisions that expired at the end of 2013, including the research and development credit, deferral for active financing, the “look-through” rule and several other investment incentives that allow companies to immediately write off at least 50 percent (or 100 percent for small businesses) of the cost of capital equipment.

  • Monday Economic Report: December 1, 2014

    01 December 2014 | eNewsletter

    The U.S. economy grew 3.9 percent at the annual rate in the third quarter, according to revised real GDP data released last week. This was better than the 3.5 percent original estimate, and more importantly, it suggests real GDP increased at an annualized 4.2 percent over the past two quarters.