Although manufacturing jobs took a big blow during the recession of 2007 – 2009, things are definitely looking up for this industry. Research shows that, as of 2014, “American manufacturers employed about 12 million people. Over the past three years, more than 554,000 manufacturing jobs have been added, even as these companies become leaner, more productive, and more competitive.” Let’s now dive into some of the details concerning the upswing in manufacturing production, and what it means for job candidates in this industry.
Some Encouraging Statistics
While there was a bit of decline in January and February of 2015, March saw an overall increase of 0.1 percent. More specifically:
- Durable goods output grew by 0.2 percent
- Nondurable goods output grew by 0.1 percent
- Motor vehicles and parts production rose by 3.2 percent
- Electrical equipment and appliances was up 0.9 percent
- Food, beverage and tobacco products were up 0.6 percent
- Petroleum and coal products rose 0.6 percent
- Textile and products were up 0.6 percent
As the Weather Warms Up, So Does the Economy
There appears to be a correlation between warmer weather and growth in manufacturing production. While production was down in the colder months of January and February, growth was slightly higher in March as the weather warmed up. Other factors that have contributed to this upswing in manufacturing include a strong U.S. dollar, lower oil prices and weakened economies in other countries.
What This Means for Job Opportunities
Overall, U.S. manufacturers are optimistic about the near future, and it would seem that this industry is witnessing somewhat of a resurgence. Although it’s impossible to know what the state of manufacturing production will be in five years, the present looks good if you’re seeking a job in this industry. In particular, motor vehicles, parts production and electrical equipment/appliances look promising. When you look at the overall growth that’s happening, this translates into a considerable number of job opportunities that’s likely to last for the remainder of 2015.
Strike While the Iron is Hot
If you’re interested in a job in manufacturing production or already have existing experience in this industry, right now is an ideal time to seek employment. Whether it’s a temporary position or one that’s long term, there should be a reasonable amount of opportunity. And with any luck, manufacturing production will continue to grow over the next few years for even more opportunities.