2018 Fourth Quarter Manufacturers' Outlook Survey

 

Manufacturers have kept their promise to increase jobs and wages, and they experienced a historic year of success thanks to the tax reform led by Washington. According to the latest Manufacturers’ Outlook Survey, manufacturers’ optimism reached 92.4%, an all-time annual high, in 2018. Now this success has brought on a workforce crisis.

 

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Lack of Enough Skilled Workers Affects Business Growth

 


 
“This year was one for the record books, with manufacturers’ average optimism for 2018 hitting an all-time high. Empowered by tax reform and regulatory certainty, manufacturers are keeping our promise to expand our operations, hire new workers and raise wages and benefits. But as this survey also shows, we face challenges, most seriously the workforce crisis. We have more than half a million jobs to fill right now—and by 2028, as many as 2.4 million could go unfilled if we don’t equip more Americans to take on these high-tech, high-paying careers.”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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