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According to new data collected this week by IndustryNet, industrial employment in Massachusetts flatlined for yet another year, inching down a half percent, or by 2,180 jobs over the past twelve months.
High business costs, global competition, and a strong dollar continue to plague some of the Massachusetts' more traditional sectors, while industries representative of the state's focus on tech and innovation, are on the rise. This has contributed to a historic 5.6% surge in real GDP for the state in the third quarter. Boston industrial jobs rose 7% over the past year, according to IndustryNet data.
This post will explore major trends in Massachusetts' manufacturing sector, delving into city, county, and regional data collected by IndustryNet. We'll also examine some of the major a...(Full Article)
According to new data released this week by MNI, industrial companies in Arizona added thousands of jobs over the past year, led by strong growth in the state's electronics industry, as well as steady gains in its massive transportation equipment sector. According to MNI, compiler and publisher of the industrial information that powers IndustryNet, Arizona industrial employment surged by 3,000 jobs, or 1.4% -- the largest manufacturing employment gain recorded for the state since before the recession.
Arizona was hit hard by the housing crisis, and many companies supplying the construction industry had to close their doors. In addition, cutbacks in defense spending hit some of the state's major aerospace and defense companies and plummeting metal prices hurt Arizona's sizable mining se...(Full Article)
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