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According to new data collected this week by IndustryNet, manufacturing jobs in New York declined over the past year, falling 1.7%, or by nearly 12,000 jobs -- one of the sharpest losses recorded for the state since the recession.
Echoing similar challenges faced by states like Pennsylvania and Massachusetts, high business costs, global competition, and a strong dollar continue to ravage many of the state's traditional sectors, while industries that encompass more high-tech and automation-based enterprises ares seeing consistent growth.
This article will explore major developments for New York manufacturing companies, delving into city, county, regional, and historical data collected by IndustryNet. We'll also examine some of the challenges faced by New York manufacturers, and exp...(Full Article)
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 reported this week by IndustryNet, West Virginia's manufacturing workforce shrank for yet another year, though the rate at which the state is losing jobs appears to be slowing. Policy shifts crafted by the new administration could have a major impact on West Virginia manufacturing, and steady improvements in the state's business climate may also serve to boost industrial production in the years to come.
This post will explore major trends in West Virginia manufacturing, delving into city, county, and regional data. We'll also examine some of the major announcements over the past several years, and assess the state's outlook in light of new Trump Administration policies - particularly in the ailing coal industry.
The year in review
West Virginia manufacturer...(Full Article)
According to new data released this week by MNI, Pennsylvania lost manufacturing jobs for a fifth straight year as the state continues to face challenges on a number of fronts. This post will take a look at some major Pennsylvania industries and how they fared over the year, as well as delve into city, county and regional data. We'll also examine the general outlook for the state, and take a look at the impact some Trump Administration policies may begin to have on Pennsylvania industries like coal and steel.
MNI, compiler and publisher of the industrial information that powers IndustryNet, reports Pennsylvania industries shed 8,604 manufacturing jobs from June 2016 to June 2017, a 1.1% decline.
This represents a somewhat sharper loss that MNI recorded in Pennsylvania for the 201...(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)
Connecticut manufacturing picks up slightly, gaining jobs for a second straight year
Thursday, September 14, 2017
According to new data released this week by MNI, hiring in Connecticut's manufacturing sector picked up steam, led by steady growth in some of the state's top industries. MNI, compiler and publisher of the industrial information that powers IndustryNet, reports Connecticut industrial employment edged up by about 785 jobs, or a half percent between June 2016 and June 2017. This marks the state's second straight year of modest gains, and, hopefully, a reversal of the steep losses the state suffered during the recession.
Overall, Connecticut has struggled to add manufacturing jobs in the post-recession era as global competition took hold, a strong dollar made exports more expensive, and a tough business climate had some manufacturers shutting their doors. While many states in the U.S. r...(Full Article)
According to new Maryland industry data released this week by IndustryNet, manufacturing employment in the Maryland/DC region inched up over the past year, led by strong growth in the state's pharmaceutical and food processing industries. IndustryNet reports Maryland industry jobs edged up by about 300. Though not a big increase, this year's gain is still significant given that it's the first the region has seen in several years.
The Maryland/DC region struggled to add jobs in the years following the recession. According to IndustryNet data, the region shed 16,000 jobs or about 8% of its workforce since May of 2009. More than half of these losses occurred in the Baltimore region, which plummeted by 9,000 jobs over that time frame.
Baltimore manufacturing on the upswing?
Recent d...(Full Article)
Indiana's manufacturing sector roars ahead, adding jobs for a sixth straight year
Friday, July 14, 2017
According to new data released this week by MNI, manufacturers in Indiana added nearly ten thousand jobs over the past year, buoyed by continued growth in the state's transportation equipment industry. MNI, compiler and publisher of the industrial information that powers IndustryNet, reports Indiana gained 9,695 manufacturing jobs from May 2016 to May 2017, or 2%, extending the meteoric rise in factory jobs the state has seen since the recession.
Indiana was one of the hardest-hit states during the recession, shedding 16% of its manufacturing workforce or roughly 100,000 jobs, with layoffs and bankruptcies plaguing the all-important auto sector -- particularly its RV industry, which hit bottom in 2009. Over the past six years the state's manufacturing sector underwent a remarkable tu...(Full Article)
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