According to the Federal Reserve Bank of Philadelphia, overall manufacturing work increased in the region during the month of August. Modest growth is suggested as general activity holds fairly even across the board. As compared to the previous month, many firms reported an increase in shipments and new orders which suggests steady conditions and employment. Over the next six months, it is predicted that the manufacturing sector will continue to grow based on data indicators on future activity.
Many firms in the area have reported only slight growth but steady conditions in the regional employment market, with more reporting an increase in employees than those reporting a decrease. Also, firms that reported a lengthier workweek were also greater in percentage than those that reported a shorter workweek.
Overall, the Manufacturing and Business Outlook Survey indicates that the region's manufacturing sector reported a modest level of expansion. All indications are that general activity and new orders/shipments remain positive, and many firms reported a slight increase in employment for August.
A majority of companies also reported that product prices have remained steady, although more firms reported price decreases than price increases. At this time, all indications for the next six months suggest continued employment growth.
IT jobs have been steadily approaching the five million mark as we approach September 2015. From about July 2014 until now, IT employment overall has added about 193,000 workers which represents a growth of 4.1%. Job growth for engineering specifically has been somewhat modest, adding about 15,000 workers since July 2014. It is thought that as IT growth continues to grow steadily, we will reach the five million mark before the end of 2015. Mark Roberts, CEO of TechServe Alliance stated that "while IT employment remains a bright spot, engineering employment growth remains modest."
Kane Partners is committed to helping your business reach its own growth potential by connecting you with the right candidate at the right time. Whenever businesses report steady growth, there will be new jobs to fill and potential workers looking for those jobs. We can streamline this process for you in order to help you build your team for 2015 and into 2016. Do not hesitate to give us a call if only to introduce yourself and ask some important questions. If you foresee job openings in the near future, perhaps we can begin to plan ahead and determine what available candidates from our large database might be a good fit for your business and company culture.
If you are a manufacturing or IT professional that is seeking employment, please consider the open positions on our job board. We are committed to matching you up with the appropriate job opening to help you begin the next phase of your career. We will arrange the necessary interviews and help you get your résumé where it needs to be in order to find success. When the next wave of substantial growth in both manufacturing and engineering comes around, Kane Partners will be at the forefront of job creation and career advancement.