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News Summary: Obama announces NC mfg. institute

Published on NewsOK Modified: January 15, 2014 at 1:26 pm •  Published: January 15, 2014

MANUFACTURING HUB: President Barack Obama on Wednesday announced a new public-private manufacturing hub in North Carolina to develop next-generation power electronics.

THE BACKDROP: The government reported last Friday that employers added just 74,000 jobs in December. The report raised fresh concerns about the pace of the economic recovery.

MAKING THINGS: The White House says that since the end of the recession, manufacturing has grown at the fastest pace in more than a decade, with more than a half-million jobs added in the past four years.

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