US factories humming but jobs still elusive


  • Business
  • Wednesday, 04 Feb 2004

NEW YORK: Manufacturing in the United States surged to a 20-year high at the start of the year as factories scrambled to meet demand, while consumer spending increased modestly during the holidays, according to the latest reports. 

But even with improved factory output, manufacturers remained cautious about hiring, dampening hopes for a turnaround in production jobs. 

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