Manufacturing Reports Paint Positive Picture
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowTwo new studies suggest gains in the Indiana manufacturing sector. The first, published by Illinois-based Manufacturers' News Inc., shows the state has added industry jobs for the third consecutive year. Also, an inaugural study released by Northeast Indiana Works projects “moderate” job growth in the region over the next decade. Northeast Indiana Works Director of Communications Rick Farrant says the manufacturing sector is still in need of highly-trained workers, including certified public accountants. June 23, 2014
News Release
EVANSTON, Ill. – For a third straight year, manufacturing employment in Indiana posted a gain, reports the 2014 Indiana Manufacturers Directory, a manufacturers database and directory published by Manufacturers' News, Inc. (MNI) Evanston, IL. According to data collected by MNI, Indiana manufacturers added 8,563 manufacturing jobs, or 1.5 percent from April 2013 to April 2014.
Manufacturers' News reports Indiana is now home to 9,521 manufacturers employing 565,692 workers.
“Manufacturers in Indiana are making large strides, particularly in the revival of its all-important auto sector,” says Tom Dubin, President of the Evanston, IL-based publishing company, which has been surveying industry since 1912. “The state's reasonable business costs, skilled workforce, and its growing reputation as a center for innovation continue to lure manufacturers.”
According to Manufacturers' News, gains were led by the state’s transportation equipment industry, which saw a 2.8 percent employment increase. This is expected to keep rising with expansions planned at Magna Powertrain, Shiloh Die Cast, Alcoa, Heartland Automotive, and Subaru, as well as the opening of a Rolls Royce plant in Indianapolis, and the establishment of a new Chrysler facility in Tipton as part of its $374 million expansion in the state.
Transportation equipment ranks as the state's largest sector by employment with 86,890 jobs.
Employment rose 2.9 percent in second-ranked industrial machinery, with the sector accounting for 71,547 jobs, and rose 3.7 percent in the third-ranked fabricated metals industry, which currently employs 57,589.
Additional gains were reported in food products, up 2.8 percent; instruments/related products up 2.1 percent; chemicals, up 1.2 percent; and stone/clay/glass, up 1.1 percent. Losses were seen in electronics, down 3.1 and printing/publishing, down 1.4%.
Industrial locations announcing closures included Manitowic Foodservice’s oven-making plant in Fort Wayne; a Cequent Performance Products facility in Goshen; AGI Shorewood’s paperboard factory in Indianapolis; and an Alcoa site in Auburn.
Northeast Indiana accounts for the most manufacturing employment in the state with 148,988 industrial workers, up 1.4 percent. Indiana’s East Central region accounts for 141,961 jobs, up 1.1 percent over the past twelve months, while the Northwest region accounts for 91,128 jobs, up 2.7 percent. Industrial employment in Southwest Indiana remained steady over the year and represents 72,660 of the state’s jobs, while jobs increased 1.9 percent in Southeast Indiana, with the region currently home to 58,926 workers. Indiana’s West Central region accounts for 52,029 manufacturing jobs, virtually unchanged over the year.
Manufacturing companies in Indianapolis employ 73,806 workers, with jobs in the top industrial city little changed over the year. Fort Wayne ranks second with 26,074 jobs, up 1.7 percent. Third-ranked Elkhart is home to 23,760 jobs, up 2.1 percent, while employment in Evansville remained steady, with the fourth-ranked city home to 16,416 jobs. Columbus accounts for 14,184 jobs, up 7.7 percent over the year.
Detailed profiles of all Indiana manufacturers and distributors can be found in the 2014 Indiana Manufacturers Directory available in print or online. Established in 1912, Manufacturers' News, Inc. is the nation's oldest and largest publisher of industrial information. MNI offers a variety of tailored solutions to help customers connect with 430,000 manufacturers and suppliers, from print directories to online subscriptions. MNI's industrial database subscription service EZ Select: http://www.ezselect.com allows users to tap into a live interactive database of manufacturers, while its industrial search engine IndustryNet http://www.industrynet.com connects buyers and suppliers and allows users to view profiles and obtain competitive quotes. MNI’s traditional print directories are published for each state and include in-depth profiles of every manufacturer in the U.S. For more information, contact Manufacturers' News, Inc. 847-864-7000. http://www.manufacturersnews.com
Source: Manufacturers' News Inc.
June 23, 2014
News Release
FORT WAYNE, Ind. – Job growth in manufacturing, northeast Indiana's largest employment sector, is expected to rise 2.3 percent during the next decade, according to a projection released by Northeast Indiana Works in its inaugural monthly labor market information report.
The projection offered by the Community Research Institute at IPFW (CRI), shows northeast Indiana's manufacturing job growth through 2024 will top manufacturing sectors in a number of other similar Midwest regions, including Toledo, Ohio (-5.6 percent); Dayton, Ohio (-5.4 percent); Kalamazoo, Mich. (-2.7 percent); South Bend (-1.1 percent) and Grand Rapids. Mich. (2 percent).
The job growth in northeast Indiana manufacturing is expected to be especially strong in motor vehicle body and trailer manufacturing (21.1 percent) and architectural and structural metals manufacturing (16.7 percent).
The projection is based on data from Economic Modeling Specialists International, which takes into account the latest industry figures; 15-year past local trends; and growth rates statewide and nationally.
Manufacturing jobs are expected to grow almost 4 percent in 2014 – from 75,924 to 78,881 – taper slightly through 2018, then pick up again through 2024 to 80,659.
Gary Gatman, Northeast Indiana Works vice president for strategic initiatives, said it's possible there won't be a dip at all.
“Anecdotal hiring evidence,” he said, “suggests that manufacturers will show sustained job growth, especially for skilled, credentialed workers. The unknown, as always, is what will happen to supply and demand over the long haul.”
Other industry sectors in northeast Indiana are also expected to experience job growth in the next decade, according to the projection offered by CRI. Among them: health care and social assistance (28.5 percent); construction (26.5 percent); and transportation and warehousing (20.3 percent).
Overall, job growth in 11 northeast Indiana counties is expected to rise 11.6 percent over the next 10 years.
An analysis provided by the Indiana Department of Workforce Development shows the hot manufacturing jobs in northeast Indiana in the first quarter of 2014 were maintenance and repair workers and manufacturing engineers, based on online job postings. The top manufacturing certifications in northeast Indiana online job ads were Certified Public Accountant and Six Sigma.
About Northeast Indiana Works: Northeast Indiana Works provides public and private financial and employment resources to businesses and individuals for education and skills training to meet the needs of regional industries. The nonprofit sets policy for how public and private funds are utilized to support talent development. It also operates and staffs the 11 county-based WorkOne Northeast career centers in the region. Individuals and companies may access resources and services by visiting or calling WorkOne in their county.
The data in this report was compiled in partnership with the Indiana Department of Workforce Development and the Community Research Institute at IPFW. It covers Adams, Allen, DeKalb, Grant, Huntington, LaGrange, Noble, Steuben, Wabash, Wells, and Whitley counties.
Source: Northea