U.S. Manufacturing Expecting 18 Month Growth Over Other Industries

The United States Manufacturing industry is expected to outpace the overall growth of the U.S. economy during the next year a half, according to the Manufacturers Alliance for Productivity and Innovation (MAPI).

It is being predicted that the major precursor to this growth will be investments into some sectors, rather than consumer-driven growth. According to their report,

production is expected to grow 3.2% in 2014 and 4.0% in 2015, MAPI forecasts. That compares with U.S. GDP projections of 2.5% in 2014 and 3.2% in 2015. Non high-tech manufacturing should grow 2.9% in 2014 and 3.7% in 2015, MAPI said. High-tech manufacturing, which accounts for about 5% of all manufacturing, will grow much quicker, by 6.6% in 2014 and 10.0% in 2015.

Currently, employers are having difficulty filling positions in the skilled trades. The time is ripe to get the education and training needed to land a job in the manufacturing industry!

If you’re interested in a career in a skilled trade, specifically in the manufacturing or shipbuilding sectors, then SAMI (Shipbuilding/Marine Trades and Advanced Manufacturing Institute) at New England Tech, may be the right fit for you! SAMI is dedicated to working with unemployed Rhode Island residents to provide them with the training and assessments needed to make them desired applicants in the shipbuilding and manufacturing industries.

For more information, give us a call at (401) 739-5000 x3700, or fill out our inquiry form.

 

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