Manufacturing Recruitment Services’ Post

As manufacturing sector changes, production occupations disappear: an analysis of employment from 2007–20 https://lnkd.in/gUnWJC26 #manufacturingjobs #unemployment #useconomy

Good and bad news in the latest manufacturing employment numbers, but I think that overall it is more good than bad. Good: Reduce turnover and separations. There is more stability in the workforce. Good: More job openings; hopefully this is indicative of manufacturers more optimistic economic outlook for the year, preparing to handle volume. Bad: More job openings / relatively low hiring numbers; some of this is likely continuing impact of a lack of skilled labor – manufacturers have the roles, but can’t find the people with the right skills to fill them. The skilled labor deficit is not going away soon. #manufacturing #supplychain #supplychainrisk #america #jobs #skilledlabor https://lnkd.in/gaFngxRR

Hmmm---a leading indicator. It could mean something but we have had so many off-set indicators over the past several year (yield curve inversion not mention a few) that it may not be a relevant point. Of course it could be though and in this case we would look to be more defensive. A strong financial plan that adjusts both tactically and strategically is a must. Thank you for sharing Charles! Excellent point as always! #finance #markets #indicators #leading #lagging #yieldinversion #disconnect #seasonality #VIX #derivatives #futures #familyoffice #hedgefund

Wednesday Weekly Insights - 💬 Manufacturing Sector Update 💬 ❤️ 8.2% of UK workers employed in the manufacturing sector ❤️ 62,000 live vacancies in the manufacturing sector ❤️ 8% + of manufacturers reported increasing headcount #Wednesday #Weekly #Insight #ManufacturingSector

The manufacturing labor shortage is a persistent problem for businesses across the U.S., with new data shining light on the difficulty manufacturers face in meeting the increased demand for skilled workers. Via Automation.com Read more here ⏩https://lnkd.in/gPsDSewU

New Challenges And Solutions For U.S. #Manufacturing #Labor Demands https://lnkd.in/e794969A There’s A Limited U.S. Labor Pipeline To Fill Manufacturing Jobs

Amid a persistent labor shortage, the U.S. Bureau of Labor Statistics reported 627,000 open jobs in manufacturing in September, with projections of 933,000 job openings in production environments by 2032. Workforce development and retention have become crucial, with surveys emphasizing the importance of factors such as company culture, stability, job enjoyment, flexibility, and opportunities for learning and advancement for employee retention. #Plastics #Recruiting #NewJobs #Manufacturing #Advancement

Labor shortages and shortage of specific skills predominate the landscape. This article looks at the some of the reasons why people are avoiding careers in manufacturing. It also makes a number of suggestions on how to tackle the problem. A notable statistic in the article is that 6 of 10 manufacturers aren't using automation technology at all in 2023. Only 12% report widespread adoption. It might be time for a federal industrial policy and changes to taxation, like improved depreciation schedules or tax credits? Canadian industry is well known for its underinvestment in technology. It's never too late to start down the right path. #manufacturing #investment #technology

Skills Shortages Still a Concern for UK Economy Though the country’s manufacturing output is growing and companies are hopeful for longer term prosperity, there seems to be a sizeable fly stuck in the ointment - namely access to adequate numbers of trained engineering staff. Make UK’s latest Manufacturing Outlook Survey is very optimistic, stating that business confidence is currently at its highest level in years. Nevertheless, an acute skill sparsity needs to be addressed. Data from the Office of National Statistics (ONS) shows that there are currently 64,000 vacancies in the manufacturing sector. Make UK calculates that this is costing the country £6 billion in lost production output. “At long last, manufacturers can see concrete signs of growth and a much better economic outlook ahead. With prices.. READ MORE https://lnkd.in/ebRqtU7b James Brougham Mark Swift Fiona M. Hilary Douglas Celia Charlwood Harvey McCabe Jolene Swift Andrea Bull Peter Hubbard Lee Conboy Chris Corkan

Manufacturing jobs are a cornerstone of today's society. It should come as no surprise that they play a crucial role in economic stability and growth. These jobs are fundamental in producing the goods and products that fuel daily life, from essential household items to advanced technological devices. Manufacturing jobs contribute significantly to the gross domestic product (GDP) and support a wide range of ancillary industries, creating a ripple effect that benefits the broader economy. As economies seek to reduce dependence on foreign supply chains, local manufacturing becomes even more critical, ensuring resilience and sustainability. Check out this piece from The Economist for more insight. #Manufacturing #Jobs #Resilience #Innovation #Stability #Growth