Building companies anticipate high levels of activity in the near future.
Pasadena, CA (PRWEB) May 04, 2013
The manufacturing sector grew in April for the fifth straight month, according to the ISM report released Wednesday. After a hiring lull, employers are showing renewed confidence in future demand, evidenced by the uptick in recruitment on ConstructionCrossing.com.
The Institute for Supply Management released its monthly numbers this week, reporting growth in the manufacturing sector for the fifth consecutive month. The manufacturing index was 50.7 percent in April, with any number above 50 indicating industry growth. At the same time, the reading marked a .6 percentage point drop from the previous month, suggesting that growth is slowing to a certain extent.
Of the 18 sectors surveyed last month, 14 groups reported growth, listed in the following order: Furniture, Printing; Electrical Equipment; Appliances; Apparel; Leather; Fabricated Metal Products; Paper Products; Machinery; Nonmetallic Mineral Products; Primary Metals; Misc. Manufacturing; Petroleum & Coal Products; Plastics & Rubber Products; Transportation Equipment; and Computer & Electronic Products. The three sectors reporting contraction included Chemical Products; Food, Beverage & Tobacco; and Wood Products. The decline in the food & beverage sector came as a surprise after the food industry reported growth in previous months. The report noted that manufacturing employment continues to grow, albeit at a slower pace; the employment index dropped 4 points in April from the previous month.
The recovery of the manufacturing sector has been closely aligned with the housing recovery and subsequent boom in construction activity. Many of the sectors that reported growth in the previous month, such as Furniture, Electrical Equipment, and Machinery, have close ties with the fates of other sectors. As such, the ISM findings suggest a general uptick in the overall economy.
This can be seen most clearly on ConstructionCrossing.com, a leading job site for construction-related jobs. The recovery of the manufacturing and construction sectors have been closely intertwined, and the employment trends in one industry have been reflected in the other. As of the time that this release was written, ConstructionCrossing listed approximately 7,800 construction jobs on the site. The hiring has been concentrated, by and large, at the supervisorial level, with nearly half of the currently advertised jobs being for construction site managers and superintendents. There has also been demand for construction engineers and technicians, especially for those with strong technical backgrounds and degrees in the sciences.
Of note was the strong need for building estimators, with ConstructionCrossing listing nearly 1,000 openings for construction estimators. Requesting a building estimate is one of the first steps inbeginning any construction project, andpotential customers often use preliminary price quotes to weigh their optionsand compare prices between different companies.Requests for quotes are often used as a gauge of potential customer interest, and more importantly for building companies, as an indicator of future business. The fact that so many employers are now ramping up their hiring for construction estimators shows that the number of quote requests is coming in faster than current staffing levels can handle, and that building companies anticipate high levels of activity in the near future.
ConstructionCrossing.com is a job site based in Pasadena, CA. It was purchased by the Employment Research Institute in 2005, which is owned by A. Harrison Barnes.