Tag: Manufacturing

August 19, 2022

To Address Labor Shortages, Manufacturers Must Become Talent Creators

To Address Labor Shortages, Manufacturers Must Become Talent Creators

Aug. 18, 2022 Upskilling and reskilling of existing employees is also a vital piece of this employment puzzle. Chris Keaveney Our nation is facing a dire shortage of manufacturing workers. The National Association of Manufacturers forecasts that by 2030, the United States could have 2.1 million unfilled manufacturing jobs. A March 2022 survey from Deloitte and the Manufacturing InstituteRead More

May 18, 2022

What Do Successful Plant Managers Have in Common?

What Do Successful Plant Managers Have in Common?

May 16, 2022 In many companies, they are solely focused on the KPIs within the four walls of their plant. Tom Conroy Plant managers are the grease that makes manufacturing companies run well. They need not only planning and process skills, but people skills at a high level. They also need strong business minds, notRead More

May 11, 2022

Manufacturing Wages Lag US Average in Era of Amazon

Manufacturing Wages Lag US Average in Era of Amazon

May 10, 2022 Manufacturing wages were once a stable way to make solid middle-income wages. What does it mean if they're not keeping up? Ryan Secard Bureau of Labor Statistics, Department of Labor Manufacturing jobs aren’t what they used to be. Long seen as a dependable way to earn a middle-class living without a degree,Read More

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

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

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

June 16, 2021

Producer prices climb 6.6% in May on annual basis, largest 12-month increase on record

Producer prices climb 6.6% in May on annual basis, largest 12-month increase on record

PUBLISHED TUE, JUN 15 20218:34 AM EDTUPDATED TUE, JUN 15 202111:17 AM EDT Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOM Producer prices rose at their fastest annual clip in nearly 11 years in May as inflation continued to build in the U.S. economy, the Labor Department reported Tuesday. The 6.6% surge was the biggest 12-month rise in the final demandRead More

June 2, 2021

Manufacturing in May Grows, Still Troubled by Supply Difficulties

Manufacturing in May Grows, Still Troubled by Supply Difficulties

Optimism is up among surveyed manufacturers after 12 solid months of growth. Ryan Secard JUN 01, 2021 According to the latest data from the Institute for Supply Management, expansion in manufacturing is still on the rise despite record-long lead times and wide-scale shortages of critical basic materials. The manufacturing sector as a whole has consistentlyRead More

April 16, 2021

Industrial Production Returns to Growth After February’s Storms Subside

Industrial Production Returns to Growth After February’s Storms Subside

U.S. manufacturing output rose 2.7% in March after falling almost 4% in February. IW Staff APR 15, 2021 The Federal Reserve reported on April 15 that industrial production in March rose 1.4%, returning to growth after an unseasonably stormy February knocked it down 2.6%. The report shows total industrial production rose 2.5% at an annualizedRead More