December 14, 2009

Recession claims manufacturing jobs and job providers

Manufacturing trends during the recession have been grim and recovery prospects appear bleak as well. The recession is killing off manufacturing jobs and manufacturing companies alike.

A manufacturing directory report from Oregon tells the story. Not only did Oregon manufacturing industries lose nearly 8% of it's manufacturing employees, it lost over 6% of its manufacturing employers during the past year.
Industrial employment in Oregon fell 7.5% over the past twelve months according to the 2010 Oregon Manufacturers Directory, an industrial directory published annually by Manufacturers' News, Inc. (MNI) Evanston, IL. MNI reports Oregon lost 18,087 industrial jobs and 375 manufacturers between October 2008 and October 2009. - article at FOXBusiness.com

Manufacturing jobs may come back, but manufacturing companies rarely do. Those who want a rivival in manufacturing employment better have plans for new businesses. The general public often thinks when the economy recovers, manufacturers will rehire former employees, but that can't happen when those former employers are out of business.

Economists will claim that new or healthier industries will absorb the lost manufacturing jobs into their own ranks when expansion requires, but that is not as easy as a flip of the switch.

The plain fact is once a manufacturing company shuts down for good, it's nearly impossible to transplant the workforce.

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