Despite less than ideal numbers during July, signs for employment in the manufacturing industry is growing, providing encouraging signs for those seek employment within the industry.
The road to economic recovery has been long and somewhat unpredictable. Nonfarm payroll during the month of July was less than expected with the addition of 162,000 jobs, but at the same time, unemployment hit 7.4 percent, marking the lowest the rate has been in quite some time.
The report offers mixed news for those who are currently looking for work, and a recent report on the state of manufacturing in the country may encourage those in the sector.
August PMI Report
The Manufacturing ISM report for August 2013 marked its third consecutive month of growth, expanding at a rate of .3 percent from the month of July to hit 55.4 percent. This news comes as the new orders rate increased by nearly 5 percent to 63.2 percent, indicating that more companies are seeking out manufacturing services.
Employment growth was not as encouraging within the sector, decreasing by 1.1 percent from the month of July to reach a rate of 53.3 percent for August, but it is important to note that any number above 50 indicates positive growth.
Many manufacturing companies are looking for skilled labor within the sector. Though some who are looking for a job may not be as experienced as others, this does not mean that they will not be able to find a position.
While some seek out temporary labor services, others are seeking our alternative labor solution that benefits both employers and workers. Through policies like on-the-job training, workers can cultivate the skills that are needed for the industry and distinguish themselves from others looking to find a job in manufacturing. This also benefits the manufacturer, as it no longer needs to spend time or money training contingent labor.