[Homestead] American manufacturing

Clansgian at wmconnect.com Clansgian at wmconnect.com
Mon Apr 21 07:26:04 EDT 2008



> More news on manufacturing, this time current. This is an excerpt from  
> the article:

First, of course, the info in the article is equally interesting and useless. 
 As Lynda pointed out, not only are insurance policy writers and mortage 
issuers now considered manufaturers, but burger flippers at McDonalds are also 
counted as employed in manufacturing.

And even at that:

"However, when you compare March of 2007 to March 2006, you find two 
disturbing trends. 
......
(2) Manufacturing jobs have been steadily declining since last October.This 
means that, in March, there were .8% fewer manufacturing jobs than the year 
before."
http://tinyurl.com/3ulvvc

"Hiring in the manufacturing sector will decline sharply in April 2008 
compared with one year ago according to the latest numbers from the SHRM/Rutgers 
Leading Indicators of National Employment (LINE)."  
"
The March 2008 vacancy rate index of nonexempt manufacturing jobs is 
substantially lower than it was inMarch 2007 -- 10.5 compared with 16.2. 
The April 2008 LINE recruiting difficulty index plunged fromMarch 2007 -- 
24.2 in March 2007 compared with 3.4 in March 2008. The recruiting difficulty 
index is at its lowest level since tracking beganin 2004."
[ie if recruiting is easier, there are more people out of work]
http://www.industryweek.com/ReadArticle.aspx?ArticleID=16029

As usual, dozens more.   
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