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According to new data collected by IndustryNet, manufacturing employment in Ohio edged up over the past year, with steady gains posted across a number of sectors. IndustryNet reports the state added 5,217 jobs between September 2016 and September 2017, amounting to a half percent gain.
This represents the sixth straight year Ohio has gained manufacturing jobs, as the state continues to recover from the severe losses suffered during the recession.
Once at the center of rust-belt manufacturing losses Ohio's six-year winning streak echoes similar progress made by states like Indiana and Michigan, and stands in contrast to neighboring states that continue to bleed jobs like Pennsylvania and New York.
This article will take a closer look at the major developments that have occurred i...(Full Article)
Manufacturing in Colorado picks up speed as state adds jobs for a seventh straight year
Tuesday, September 26, 2017
According to new data released by MNI, compiler and publisher of the industrial information that powers IndustryNet, manufacturers in Colorado added jobs for a seventh straight year, as the state's unique business climate spurred growth across multiple sectors.
MNI reports industrial companies in Colorado added 2,308 new jobs between June 2016 and June 2017, or 1%. This outpaces the gains MNI reported over the 2015-2016 survey period, in which the state added 700 jobs, and generally points to new momentum in the state's manufacturing sector.
According to recent rankings compiled by CNBC, Colorado scores big for a number of site selection factors, including an abundance of capital, low business costs, educated workforce, robust economy, and focus on technology and innovation.
The...(Full Article)
North Dakota industrial jobs decline for a second year in a row - though losses have slowed
Friday, August 18, 2017
According to new data released this week by MNI, compiler and publisher of the industrial information that powers IndustryNet, North Dakota lost jobs in its industrial sector, as the state's oil/gas industry continues to shrink. MNI reports the state lost 320 manufacturing jobs from May 2016 to May 2017, or 1%.
This is the second straight year MNI recorded an employment decline in North Dakota's industrial sector. Losses seem to have slowed, however, with MNI's 2015-2016 survey showing a much sharper 6% decline in employment, suggesting the worst of the state's losses may be over.
After the oil bust, is North Dakota once again poised for growth?
North Dakota was the star of the nation's post-recession recovery period. Between May of 2011 and May 2015, North Dakota added a stagge...(Full Article)
Louisiana was among several states in the nation to add thousands of jobs in the years following the recession as the energy boom took hold, but as oil prices plummeted, so did the state's industrial employment. According to MNI data, the state shed more than 8,500 jobs since May of 2014. Jobs in the oil/gas extraction industry were largely responsible for the decline, plunging 11% over that three-year time period.
MNI's 2015-2016 survey, however, shows jobs in the oil/gas extraction declined just 1.2%, suggesting the industry may have finally hit bottom. Losses over the past year were instead spread across a wide variety of industries, which points to other factors beyond oil that are playing a role in the state's manufacturing slump.
Losses were recorded in fabricated metals; rub...(Full Article)
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