USA Today recently reported that the manufacturing industry celebrated its 21st straight month of growth, making it one of the few bright spots in a slow economic recovery.
The Institute for Supply Management index showed manufacturing activity in April at 60.4. Any reading above 50 signals growth. Not only has manufacturing grown over each of the past 21 months, but it has registered above 60 for the past four months straight.
As a result, “Manufacturers are very optimistic about the future right now anddoing a lot of hiring,” said Norbert Ore, chairman of ISM’s survey committee.
Considering that Manufacturing & Engineering was the second hottest industry for contract placements last year for FoxHire, accounting for 20 percent of our placements, we are hoping this means an increase in contract staffing as well!