Pasadena, CA (PRWEB) February 07, 2013
Economic activity in the manufacturing sector grew in January for the second consecutive month, according to the latest Manufacturing ISM report. The employment index ticked up 2.1 percentage points, reflecting manufacturing job growth. The latest figures independently mirrored manufacturing employment trends on Granted.com.
Of the eighteen manufacturing industries monitored, thirteen reported growth in January, according to the ISM’s Manufacturing report for January. The Purchasing Managers Index (PMI) registered 53.1 percent, an increase of 2.9 percent over December’s rate. The PMI is a key indicator of economic activity in the manufacturing industry, and any number greater than 42.2 percent, over a period of time, indicates economic growth.
In an encouraging projection of future activity, the New Orders Index was at 53.3 percent, a 3.6 percent increase over the previous month. Growth in the number of new orders was a strong indicator that in spite of the looming budget crisis, weak European economy, and general uncertainty, that consumers were not deterred from investing in future production.
The ISM employment index rose 2.1 points to 54 percent. This data reflected job growth in the manufacturing sector on Granted.com, a leading job site. The site currently registers 30,070 manufacturing jobs as of the first week of February. By far, the strongest demand was for those with an engineering background, with 6,354 jobs for manufacturing engineers currently on the site. For individuals seeking employment in the industry, the strongest candidates are those with a science or technical background, and either Mechanical or Chemical Engineering degrees.
“We are guardedly optimistic about the future of the manufacturing sector, especially in terms of employment opportunities,” said Harrison Barnes, CEO of Granted.com. “After several straight months of contraction, it’s been an encouraging sign to see two straight months of growth. Once the industry starts to get back on its feet, I’m confident that employers will follow suit with hiring as long as this trend holds up. Manufacturing jobs will be an area to keep an eye out for in 2013.”
The recovery of the housing market has spurred growth in other sectors, such as construction and manufacturing, as companies work to keep up with demand for new housing. Much of the manufacturing industry’s future is tied to continued increases in housing starts and construction.
Granted.com is a job search site based in Pasadena, CA. It is a part of the Employment Research Institute and owned by A. Harrison Barnes.