Tag: economy

April 4, 2022

ISM Report, BLS Data Show March Growth in Manufacturing

ISM Report, BLS Data Show March Growth in Manufacturing

April 1, 2022 The Department of Labor reported that manufacturing employment is now just 1% shy of its pre-COVID levels. Ryan Secard A pair of key reports for manufacturers show that manufacturing job growth is accelerating. The monthly jobs report for March, released April 1 by the Bureau of Labor Statistics, showed that manufacturing hiredRead More

April 1, 2022

Businesses Remain Resilient: Strong Hiring Continues Across the U.S.

Businesses Remain Resilient: Strong Hiring Continues Across the U.S.

April 1, 2022| Author: Mallory Vachon, Ph.D., Sr. Economist The economy added an impressive 431,000 jobs in March, continuing a long stretch of growth. The economy has added an average of 560,000 jobs each month since January 2021 and is on track to recover all jobs lost to the pandemic this year. National Job GainsRead More

March 30, 2022

Manufacturing Quits Up 7% in February As Hiring Growth Lags

Manufacturing Quits Up 7% in February As Hiring Growth Lags

March 29, 2022 According to the latest government data, 22,000 people quit their durable goods manufacturing jobs last month, a 13.3% increase over the previous month. Ryan Secard The private economy remains troubled by competition for talent, and the latest figures from the U.S. Department of Labor pose concerns for manufacturers looking to keep their workers.Read More

March 23, 2022

The Workforce Has Spoken—How Should Companies Respond?

The Workforce Has Spoken—How Should Companies Respond?

March 9, 2022 We have moved past panic. We are now fully immersed in understanding the problem and fixing it. Adrienne Selko Last year, more than 47 million Americans walked away from their jobs. While manufacturing did not have the quit rates of other industries, the message was still heard, loud and clear. Employees areRead More

March 17, 2022

The Workforce Has Spoken—How Should Companies Respond?

The Workforce Has Spoken—How Should Companies Respond?

We have moved past panic. We are now fully immersed in understanding the problem and fixing it. Adrienne Selko Last year, more than 47 million Americans walked away from their jobs. While manufacturing did not have the quit rates of other industries, the message was still heard, loud and clear. Employees are so unhappy withRead More

August 25, 2021

Supply Chain Professionals Optimistic About Jobs and Job Market

Supply Chain Professionals Optimistic About Jobs and Job Market

Well over half (54%) of professionals received a bonus award this year, which markedly climbed from 43% in 2020. MH&L Staff AUG 23, 2021 Seems things are looking up. Around 58% of professionals felt positive about the current job market, according to a  study released on August 17 from DSJ Globa. This is a big differenceRead More

August 10, 2021

Warehouses are Luring Workers from Other Industries

Warehouses are Luring Workers from Other Industries

An additional 282,470 workers could be needed by Q2 2021. MH&L Staff AUG 05, 2021 Greater demand for warehouse space stemming from a structural shift in supply chain dynamics has led to a highly competitive labor environment in many markets, which COVID-19 has exacerbated. In 2Q 2021, a record 423.7 million square feet of industrialRead More
Getting Gen Z to Like Your Company

Getting Gen Z to Like Your Company

Here are some ideas to try. Adrienne Selko AUG 05, 2021 The bar to help companies attract the next generation of workers – Gen Z ( born 1995-2012 -- keeps getting higher. We understand they have different values, expectations and working styles. And now we have to get these employees to like our companies, saysRead More

July 15, 2021

Manufacturing Adds 15,000 Jobs in June

Manufacturing Adds 15,000 Jobs in June

Average hourly wages in durable goods increased by 4.9%, year-over-year, as employers woo talent. Ryan Secard JUL 04, 2021 Manufacturing employment crept up slowly last month. On July 2, the Census Bureau’s latest Employment Situation report showed that goods-manufacturing businesses hired 15,000 more people in June after hiring 39,000 in May. That’s despite significant lossesRead More

July 12, 2021

Supply, Talent Shortages Weigh on Manufacturing Growth

Supply, Talent Shortages Weigh on Manufacturing Growth

The manufacturing sector grew last month for the thirteenth month running, albeit at a slightly slower pace than it had in May. The Institute for Supply Management, in its June report on manufacturing business, lowered its manufacturing PMI to 60.6%—above the 50% mark indicating growth, but 0.6 points lower than May’s 61.2% PMI. Results fromRead More