Hiring weakens; spending on construction decreases
By DEMOCRAT-GAZETTE STAFF FROM WIRE REPORTS
Posted: May 2, 2013 at 3:37 a.m.
Employees at Ford’s Flat Rock Assembly Plant in Flat Rock, Mich., cheer April 17 as the millionth Ford Mustang is driven off the assembly line. U.S. factory activity expanded at a slower pace in April compared with March as manufacturers pulled back sharply on hiring and cut their stockpiling.
U.S. factory activity expanded at a slower pace in April, held back by weaker hiring and less company stockpiling.