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Articles August 3, 2020 Alan Richter
2020 Salary Survey
Cutting Tool Engineering's 2020 Benefits and Salary Survey shows that the incomes of many metalworking professionals are stagnant or down slightly.n
News May 31, 2020
More than 91% of manufacturers utilizing Paycheck Protection Program loans
Washington, D.C. A survey of members of the National Tooling and Machining Association and Precision Metalforming Association shows the importance of the Small Business Administration's Paycheck Protection Program, with more than 91% of respondents reporting that they have applied for and received a PPP loan to retain employees they otherwise would have furloughed or terminated.
News May 18, 2020
March U.S. cutting tool orders up almost 1% from February
U.S. cutting tool consumption totaled $189.8 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was up 0.9 percent from February's $188.2 million and down 9.8 percent when compared with the $210.4 million reported for March 2019.
News May 16, 2020
Manufacturers battle COVID-19
Cleveland - Members of the National Tooling and Machining Association and Precision Metalforming Association are stepping up to meet the challenges created by the COVID-19 pandemic and leading the way in displaying the true American spirit of joining together to make a difference. In addition to producing -- without disruption -- the tooling, machinery and parts that make up the backbone of the manufacturing supply chain and are essential to restarting America's economy, member companies are working to help communities, first responders and the medical community in the fight against the virus.
News March 24, 2020 Dennis Spaeth
A message and request from CTE regarding coronavirus pandemic
The ramifications from the coronavirus seem likely to loom for the coming weeks or months as the pandemic widens its grip around the world. Rather than bemoan the shelter-in-place orders designed to keep us safe, we at Cutting Tool Engineering are committed to overcoming the obstacles and limitations we now face.
News February 26, 2020 John Wiborg
Prepare for the new normal in 2020
In 2020, companies in the industrial supply sector should be neither bullish nor bearish but remain status quo. Consider the mixed U.S. economic performance in 2019 that benefited from an unexpected rise in the employment labor participation rate and corresponding lower unemployment rate but from a gross domestic product standpoint saw a dip compared with 2018.
News December 26, 2019
The end of Trump’s “manufacturing renaissance”?
The manufacturing industry got a huge boost from President Donald Trump's election, seeing a groundswell of job gains during his first year in office. But the trade war with China has undone that progress. Jobs in the sector have stalled out and turned negative in 2019.
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