Thursday, October 23, 2014

Manufacturing and Factory Jobs Fueling Economic Growth

In June of this year, it was reported that there was a surge in manufacturing jobs as well as factory jobs, and these help fuel the country's economic growth. Manufacturing output increased in May and factory activity in New York State accelerated sharply this month, buoying hopes of a strong rebound in economic growth this quarter, the New York Times said in its news report.

Today, however, the manufacturing industry is becoming more high-tech and innovative. When it comes to High-Tech Hubs, it seems like everyone has woken up at the same time with the same epiphany: the surest path to sustainable growth rests on a solid foundation of high-technology enterprises, Business Facilities reports, and this includes advanced manufacturing which involves a number of old-line industries who’ve made major investments to revolutionize their production lines with the latest high-speed technology, improving quality and efficiency at the same time. See more at:

This implies a demand for qualified skilled manufacturing job workers and factory job workers in the field of advanced manufacturing and this was already noted even way back in 2011. Key industries for advanced manufacturing are automotive, aerospace, electronics, medical devices, plastics, food and beverage, and defense/military. As advanced manufacturing emerges from the Great Recession, the biggest challenge is not finding capital for expanding operations or upgrading equipment, or even finding more customers - it's finding skilled workers who can handle the new equipment and advanced processes on the manufacturing floor. Read more here:

Now that manufacturing jobs are said to be moving back to the US from China, it is all the more essential to narrow or eliminate the “skills gap.” Large manufacturers are increasingly moving production back to the United States from China, according to a new report by The Boston Consulting Group. The Boston-based global management consulting firm said the online survey was conducted across a wide range of industries, from electronic and computer equipment to transportation machinery, petroleum refining, apparel and food products.

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