• Contact RIMA
401.751.0160
Rhode Island Manufacturers Association
  • Home
  • Who We Are
    • Mission
    • Leadership
    • Board of Directors
    • Advisory Council
  • What We Do
    • Legislative & Regulatory
    • Economic Improvement
    • RIMA’s Accomplishments
    • RIMA Position on Critical Issues 2020
  • RIMA Events
    • Past Events
  • Webinars
    /Other
  • Sponsors & Partners
  • Membership
    • Why Join RIMA?
    • Membership Portal
    • Contact RIMA
    • Membership Badge
    • Member Benefits
  • Blog
  • Media
    • Newsletter
    • Member Spotlight
    • Videos
    • Manufacturer Award Winners
    • Annual Award Honoree
      • 2020
      • 2019
      • 2018
  • Resources
    • Past Webinars
    • Job Listings/Resumes
    • GD&T Quotes
    • Advance Manufacturing Trade School Videos
    • Schools
    • Substance Use and Mental Health Leadership Council
    • RI Manufacturing Facts
    • Concerns/Answers
      • File a Comment on Federal Regulation Impacting your Business
      • Small Business Administration
  • Home
  • Who We Are
    • Mission
    • Leadership
    • Board of Directors
    • Advisory Council
  • What We Do
    • Legislative & Regulatory
    • Economic Improvement
    • RIMA’s Accomplishments
    • RIMA Position on Critical Issues 2020
  • RIMA Events
    • Past Events
  • Webinars
    /Other
  • Sponsors & Partners
  • Membership
    • Why Join RIMA?
    • Membership Portal
    • Contact RIMA
    • Membership Badge
    • Member Benefits
  • Blog
  • Media
    • Newsletter
    • Member Spotlight
    • Videos
    • Manufacturer Award Winners
    • Annual Award Honoree
      • 2020
      • 2019
      • 2018
  • Resources
    • Past Webinars
    • Job Listings/Resumes
    • GD&T Quotes
    • Advance Manufacturing Trade School Videos
    • Schools
    • Substance Use and Mental Health Leadership Council
    • RI Manufacturing Facts
    • Concerns/Answers
      • File a Comment on Federal Regulation Impacting your Business
      • Small Business Administration

Monthly Archives : December 2019

NAM – December 2019

by Maggie Lagueon 5 December 2019in Newsletter Articles

Economists are divided on whether the current hiring slowdown is a problem of supply or demand—are businesses having trouble finding enough workers, or do they simply need less of them? The Wall Street Journal’s recent survey (subscription) showed a nearly even split, though the edge went to those on the supply side. More:

  • “In The Wall Street Journal’s latest survey of economists, 45.3% blamed the slowdown on the tight labor market, which has made it harder for many employers to find enough workers. An additional 37.7% of respondents said the issue was ebbing desire to expand payrolls.”
  • “The first explanation would suggest the economic expansion can continue at a solid pace if more potential workers can be drawn into the labor force from sidelines.”

The Journal quotes NAM Chief Economist Chad Moutray, who highlights manufacturers’ supply problem:

  • “Manufacturers have consistently cited an inability to find talent as a top concern, with some suggesting that a lack of sufficient workers has held back growth . . . . At the same time, hiring has weakened lately primarily due to global headwinds and ongoing trade uncertainties.”

Manufacturers are having trouble finding enough workers with the right skill sets, as the NAM’s quarterly outlook surveys show. The NAM and The Manufacturing Institute are working on alleviating that shortage, however, both in the short and long term.

For example, the Institute is announcing the launch of the STEM Careers Coalition with Discovery Education today, which will improve and expand STEM education in schools nationwide. The coalition’s partners include Chevron, API, Microsoft, Boeing and Best Buy. You can read more about it here.

Continue Reading

Recent Posts

  • Manufacturing Labor Productivity Rose 3.0%
  • Factory Orders Rose 1.1% in December
  • ISM® Manufacturing Purchasing Managers’ Index® slowed in January
  • US Economy Adds 49,000 Workers
  • Manufacturing Employment Falls in January

Archives

  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019

© Copyright 2019 2 Douglas Pike, Smithfield, RI 02917