2018 Third Quarter Manufacturers' Outlook Survey

 

Manufacturers promised bold tax reform and regulatory relief would spark new jobs and bigger paychecks for America’s manufacturing workers. Thanks to the pro-growth policy agenda coming out of Washington, it’s clear that manufacturers are keeping that promise. According to the latest Manufacturers’ Outlook Survey, manufacturers’ optimism soared this past year at 93.9%, the highest year average in history. With business thriving, however, workforce challenges persist.

 

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Lack of Enough Skilled Workers Affects Business Growth

 


Workforce Crisis Has Led Some Manufacturers to Hold Hiring

 

 
“Tax reform and regulatory relief have spurred strong manufacturing growth, and manufacturers are now investing in our communities, hiring more Americans and raising wages and benefits. Amid all this good news, it is no surprise that manufacturers in 2018 are more optimistic than they have ever been in the history of our survey. Still, with the workforce crisis being manufacturers’ most widely cited challenge, the NAM and our Manufacturing Institute are tackling the issue head on—launching the Heroes MAKE America training programs on military bases to equip solders with the skills to join the manufacturing workforce, expanding vocational training programs in local communities and elevating the examples of successful company-led upskilling programs. Over the long term, we have to focus on the attraction of new talent and inspiring the next generation, just as we are on Manufacturing Day.”NAM President and CEO Jay Timmons

 

The NAM Manufacturers’ Outlook Survey is conducted quarterly among the National Association of Manufacturers’ membership of small, medium and large manufacturers. Contact us today to learn more about NAM membership.

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