TEMPE, AZ—U.S. manufacturing and services executives expect to see increased revenue, hiring and capital spending in 2017, reflecting confidence in the economy, according to a survey released May 22 by the Institute for Supply Management.
Kildeer, IL—For the first time in decades, more manufacturing jobs are returning to the United States than are going offshore, according to the Reshoring Initiative. New U.S. manufacturing jobs attributed to reshoring and foreign direct investment totaled 77,000 in 2016. That’s a 10 percent increase over 2015 and it exceeded the rate of offshoring by about 27,000 jobs.
DURHAM, NC—Manufacturing jobs at automotive suppliers have risen nearly 19 percent in the United States since 2012, according to a study released today by the Motor & Equipment Manufacturers Association (MEMA). More than 871,000 Americans are directly employed by the automotive parts manufacturing industry. This number, which is up from 734,000 in 2012, represents 2.9 percent of total U.S. jobs and 2.4 percent of U.S. gross domestic product.
MUNCIE, IN--President Donald Trump focused a large part of his campaign on the fragile state of American manufacturing, vowing to bring those lost jobs back stateside. However, a new Ball State University study suggests that outsourcing accounts for only a small fraction of the 5 million manufacturing job cuts in the past 16 years.
TEMPE, AZ—U.S. manufacturing and services firms expect to see rising revenues and profits next year, amid a stronger economy and only modest increases in costs, according to the Institute of Supply Management. The ISM semiannual economic forecast also showed that companies expect a small increase in employment across both sectors, after a contraction in 2016.
CHAMPAIGN, IL—For years, employers, pundits and policymakers alike have bemoaned the lack of qualified workers available to fill vacant manufacturing jobs in the U.S. However, a new study indicates that demand for higher-level skills in U.S. manufacturing jobs is generally modest, and three-quarters of U.S. manufacturing plants show no sign of hiring difficulties for open positions.
WASHINGTON—The overall market added 255,000 new jobs in July, well ahead of forecasts of about 185,000. The three-month average is now up to 190,000, with the unemployment rate still at 4.9 percent. Manufacturing added 9,000 jobs in the month, and was the beneficiary of an upward revision for June from 14,000 to 15,000.
Manufacturing today is leaner and greener than ever. Many engineers are focusing on lightweight materials and sustainable production initiatives. In addition, additive manufacturing is transforming how a wide variety of products are designed and assembled.