Recent reports suggest that U.S. may soon take the lead among countries in exports.
Pasadena, CA (PRWEB) August 31, 2013
The U.S. economy grew 2.5 percent in Q2 2013, as per a recent report by the Bureau of Economic Analysis (BEA). Economic expansion resulting from strong business and export activity has played a massive role in encouraging job growth in the U.S. and on ManufacturingCrossing.com. The decline in filings for unemployment benefit also proves that there is an optimistic job recovery.
After an initially lackluster report, the revised estimates from the BEA indicate that the U.S. economy actually grew in Q2 2013, up from the 1.7 initially reported. After a variety of reports suggesting an economic slowdown, this news presented a much more favorable view of the U.S. economy. Much of the improvement from the previous report has been due to a spur in export activity during that quarter, up nearly 8.6 percent.
The manufacturing sector outpaced all other industries in growth, and continues to do so, mainly because more U.S. manufacturing companies have begun keeping production in the country instead of outsourcing it overseas. Recent reports suggest that U.S. may soon take the lead among countries in exports. According to the BEA report, the business sector also had a great second quarter with business investments, profits, and inventory upbeat in most U.S. businesses.
Strong job growth on ManufacturingCrossing.com reflected the improvement observed in export activity and domestic production. U.S. based manufacturing production jobs on the site rose considerably, followed by jobs for engineers, operators, and supervisors. Jobs rose as employers continued to fight to find enough manpower to keep operations running. The production of more specialized or technical equipment has led employers to specifically seek candidates with scientific or technical backgrounds.
Given the present conditions, experts believe that as America’s domestic manufacturing continues to grow, more opportunities will be created for job seekers in the sector. Accordingly, the U.S. is poised to once again regain the standing of being a world-wide leader in manufacturing.
ManufacturingCrossing.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.