The Daily Herald Business Section on August 3 reported that the Manufacturing sector of our U.S. economy has experienced 12 consecutive months of positive growth. The so-called Purchasing Manager's Index surveys about 400 Production Managers around the U.S. and readings over 50 are deemed positive growth or expansion. From July '09 to July '10, the readings were 50 or higher. Since manufacturing accounts for about one fifth of U.S. economic activity, it can't carry us out of the recession by itself. But with hiring managers reporting intentions to resume hiring, job creation in the Manufacturing sector has begun and will be increasing. Jobs, we have been saying for months, is what it will take to drag us out of this recession. Private sector jobs. So do you see why this is a ray of sunshine? People get hired; they fill up empty space in industrial buildings. I don’t know about you, but this negative absorption is getting old. Closer to home, we just read in the NW Herald today that Precision Twist in Crystal Lake will lay off 169 of its 263 employees and will close its manufacturing operations over the next 5 months.
Bruce Kaplan and Joe Billitteri: Commercial Real Estate Agents with Premier Commercial Realty. Your Profit is our Success!
Wednesday, May 11, 2011
Some Rare Positive News
August 4, 2010 1:47 PM
The Daily Herald Business Section on August 3 reported that the Manufacturing sector of our U.S. economy has experienced 12 consecutive months of positive growth. The so-called Purchasing Manager's Index surveys about 400 Production Managers around the U.S. and readings over 50 are deemed positive growth or expansion. From July '09 to July '10, the readings were 50 or higher. Since manufacturing accounts for about one fifth of U.S. economic activity, it can't carry us out of the recession by itself. But with hiring managers reporting intentions to resume hiring, job creation in the Manufacturing sector has begun and will be increasing. Jobs, we have been saying for months, is what it will take to drag us out of this recession. Private sector jobs. So do you see why this is a ray of sunshine? People get hired; they fill up empty space in industrial buildings. I don’t know about you, but this negative absorption is getting old. Closer to home, we just read in the NW Herald today that Precision Twist in Crystal Lake will lay off 169 of its 263 employees and will close its manufacturing operations over the next 5 months.
The Daily Herald Business Section on August 3 reported that the Manufacturing sector of our U.S. economy has experienced 12 consecutive months of positive growth. The so-called Purchasing Manager's Index surveys about 400 Production Managers around the U.S. and readings over 50 are deemed positive growth or expansion. From July '09 to July '10, the readings were 50 or higher. Since manufacturing accounts for about one fifth of U.S. economic activity, it can't carry us out of the recession by itself. But with hiring managers reporting intentions to resume hiring, job creation in the Manufacturing sector has begun and will be increasing. Jobs, we have been saying for months, is what it will take to drag us out of this recession. Private sector jobs. So do you see why this is a ray of sunshine? People get hired; they fill up empty space in industrial buildings. I don’t know about you, but this negative absorption is getting old. Closer to home, we just read in the NW Herald today that Precision Twist in Crystal Lake will lay off 169 of its 263 employees and will close its manufacturing operations over the next 5 months.
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