Industrial Production Down
Industrial production slowed in November as the year-long recession continued to hurt U.S. manufacturers, the Federal Reserve reported this week.
November saw a 0.6 percent drop in production industry-wide, despite a boost in commercial airliner manufacturing following the resolution of a strike by Boeing factory workers earlier in the month.
Every major industrial sector reported a drop in activity last month except for mining, which saw an upswing as a result of an increase in crude oil and natural gas supplies.
In the past year, industrial production has fallen by 5.5 percent, the biggest yearly decline since 1980.