About Manufacturing Field:
Manufacturing industry in the U.S. is growing in terms of their productivity and profits. However, in terms of employment generation, many manufacturing jobs are going overseas. As per the Bureau of Labor Statistics reports, there is a decline in manufacturing jobs. However, the manufacturing industry in U.S. is the largest industry which offers excellent manufacturing careers for the aspirants.
Manufacturing industry has a multiplier effect on economy as it uses various goods and services in the process of production. National Association of Manufacturers (NAM) has stated that if a manufacturing product generates $1 then it can also generate another $1.37 in the intermediate economic output.
U.S. manufacturing industry is the largest in the world. It covers 25 percent of sales all over the world and is foremost in some areas like aerospace, consumer goods and telecommunications. U.S. manufacturing industry is also ahead in exporting manufactured goods and currently it ranks second in the world. In order to maintain health currency and economy, the manufacturing and exporting of products plays a vital role. So for economists, the manufacturing sector is the prime area of attention. The manufacturing industry includes various industries including metals, plastics, mineral products, chemicals, paper, machinery, clothing, furniture, computers, electronics, textiles, and motor vehicles.
Manufacturing careers have good remuneration as compared to the private sector. It enjoys nearly 25 percent of the higher salary. However, workers in the apparel manufacturing firms get $351 weekly wages as compared to the average of all manufacturing firms ($660). In the coming years, the textile industry forecasts a loss of its staff because of imports and technical development. Workers in steel, auto and aerospace field are getting higher salaries.
In the economic slowdown at the start of the century, employment in the manufacturing industry reduced considerably. Even though, general resurgence in the economy did not help the manufacturing industry to boost the employment. Increased oil and energy price is one of the reasons that led to the decrease in this field. Because of this, the manufacturing industry like many other industries, push towards advanced technologies for improved efficiency and productivity, but at the cost of reduced manpower. With such advancements, manufacturing employment will reduce by 0.6 percent by 2014.
However, it does not mean that the manufacturing industries will stop hiring totally. However, the identity of manufacturing industry as blue collar workers' industry has been wiped out. Manufacturing industries need qualified and skilled workers. Most of the manufacturing careers need skilled and trained people including scientists and engineers. So shortage of jobs is not the main concern. In fact, shortage of qualified people is the issue. Manufacturing firms are now addressing this issue along with trade groups.