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Report Anticipates Slower Manufacturing Growth, Improved Hiring

Manufacturing.net (11/27/15) Andy Szal

Economists from the Manufacturers Alliance for Productivity and Innovation Foundation are less optimistic about U.S. manufacturing production over the next two years, but believe that the sector will add more jobs that previously anticipated. The group’s latest quarterly economic forecast estimated that production would increase by 2.6% next year, and by 3.0% the year after that, down from the 3.4% and 3.1% predicted, respectively, in the August forecast.

However, U.S. manufacturers are expected to add 100,000 jobs in 2016 and 110,000 in 2017. The previous analysis anticipated 94,000 added jobs next year and only 30,000 in 2017. Domestic demand will maintain growth in the U.S. manufacturing sector despite deflationary pressure stemming from falling energy prices, low commodity prices, and slow overseas economies, says Dan Meckstroth, the chief economist at the MAPI Foundation.

New Videos Help Staffing Firms Answer ‘Why Staffing?’

The ASA ‘Why Staffing?’ video succinctly answers this vital question by summing up how staffing helps clients, job seekers, and the general public. Visit americanstaffing.net/videos to view it.

ASA members can also download three shorter videos at americanstaffing.net/promotoolkit that illustrate why staffing is good for business, for employees, and for the U.S. economy. Embed the videos on your firm’s website to attract candidates and clients and help them understand the important work of the staffing industry.