After weeks of articles reading of negative manufacturing news coupled with presidential candidates bemoaning the loss of jobs and manufacturing to overseas comp\anies, it is refreshing to find a positive article. As stated in the article “U.S. factory jobs are on the rise. Sure, they’re down from where they were prior to the recession, but… Read more »
Great article outlining the potential issue with “full-employment”. I particularly like: “About 65% of job postings for secretaries who work for executives. But those require a college degree. Among current executive secretaries, only 19% have college degrees, according to Joseph Fuller, a Harvard Business School professor. That gap between reality and expectations has widened.” It… Read more »
As identified by CareerBuilder’s Annual Forecast, 2016 appears to be a repeat of 2015 with 36% of polled businesses planning to hire in 2016 (which was the same percentage as in 2015). The question remains, if the unemployment rate is already at a historically low figure, where will the additional employees come from?
The ISM released its January report yesterday; although the PMI still has the manufacturing section in a contraction phase, the number did increase .2 points with many respondents reporting healthy to strong business activity. Based on our internal data, January was the strongest start to a year since IRG was founded in 2009. Read the… Read more »
Based on this article, robots are going to have a major impact on manufacturing and employment sooner rather than later.
According to the semi-annual report released by the ISM, there is good news on the horizon as the economy is expected to grow in 2016 in both manufacturing and non-manufacturing sectors. You can find the complete report here. Happy holidays!! 🙂
The monthly manufacturing ISM report was released today detailing a contraction in the manufacturing sector for the first time in 36 months (11/2012). Interesting side note though, the overall economy grew for the 78th consecutive month and “The Employment Index” increased by 3.7%, to 51.3% from the October reading of 47.6%. So, as a whole the… Read more »
Quick article/summary outlining what was discussed in the November 2nd manufacturing focused Presidential Candidates forum held at Vermeer Corporation in Iowa.
Being that consumer spending accounts for roughly 70% of US economic activity, news that consumer confidence has reached a high not seen in 8 years, things are looking positive and could point to a strong finish to the year. Read the full article here
The labor market added nearly 200,000 jobs in August and for those of us in the manufacturing arena, the results were particularly positive with goods-producing employment adding more than double the jobs compared to July. If this trend can sustain, it will lead to a busy end to 2015 for us manufacturing folks.