BY: Adam Gavriel
There may be some hope on the horizon for U.S. manufacturing activity.
According to a report from CBS News, U.S. manufacturing activity grew in June behind a pickup in new orders and stronger production. This increase suggests that many are expecting factories to rebound in the second half of the year, and hopefully contribute to helping the economy grow.
“The Institute for Supply Management said Monday that its index of factory activity increased to 50.9 in June. That’s up from 49 in May, which was the lowest reading in four year. A reading above 50 suggests growth, while those below indicate contraction.”
While this is great news, there always seems to be a counter. Manufacturing employment fell in June to 48.7% its lowest level since September 2009. This of course implies that Friday’s June employment report will show that factories cut jobs for the fourth straight month.
Although, there are other sings that U.S. manufacturers are starting to recover.
U.S. business stepped up their orders for factory goods in April and May. Consumers also spent more in May on cars and trucks, which will continue to help the recovery of auto factories. Sales at auto dealers also rose in May by the highest rate in six months.
Unfortunately, while a 2.4% growth of the economy was expected, many economists expect growth to remain more stagnant between a rate of 1.5 and 2 percent.
“The U.S. economy expanded at only a 1.8% annual rate in the first three months of the year, the Commerce Department said this week. That was much slower than its previous estimate of a 2.4 percent rate. The main reason for the lower figure was consumers spent less on services than initially thought. Still, spending on long-lasting factory goods, such as cars and appliances, remained healthy.”
As Van Halen would put it; “one step ahead, one step behind”. The time to reinvigorate and reestablish the U.S. economy is ‘right now’ and only together as a team do we have the power to change it. As an employment agency, Crossroads Consulting is here to be the team captain, and get the ball rolling. We are constantly looking to fill jobs across the nation TODAY, and we can only do that with your help. As a search firm, sometimes we’ll find you, and if we find you, we’ll definitely find you a career as well. With all teams though we need your help, as there is no ‘I’ in team (but there is a ‘me’).
The employment agency dedicated to putting the ‘human’ back into ‘human resources’ we want to work with you from start to finish. Not comfortable in your resume? We can help you there with our recommended resume service. Need a connection? We have plenty of those, reach out and let’s talk. It is not a time to be timid, it’s time to go out and take what’s rightfully yours.
We look forward to hearing from you!