Indiana tops all states during record manufacturing job growth
The entire business world has been recovering from the recession that hit hard in 2009. Over the last five years, the tide has started to turn. While it may have taken some sectors longer to get there than others, this stronger outlook is spreading.
A recent article from Manufacturing.net features a breakdown of the current manufacturing landscape through the 2013 quarter four data. According to the numbers, over 12 million jobs were added nationwide, the highest levels since 2009. On top of that, factory payrolls increased by an annualized 1.6 percent quarter on quarter.
The numbers show that most of the improvement came from the durable goods sector, particularly transportation equipment.
There was also a breakdown by state. Indiana fell in the group of states with the highest level of improvement, experiencing growth between 4 percent and 11.6 percent. Indiana has experienced steady growth over the last five years and accounts for 16.5 percent of total nonfarm employment in the area, which is the highest share of all states.
The report points to the transportation equipment sector as helping push Indiana to the top as plants like Subaru, Toyota and Rolls Royce all added hundreds of jobs. There is also belief that this record growth will continue in the years to come.
This report shows that the industry is strong and has the ability to rebound, as this growth is nothing to scoff at. Organizations are also expanding and upgrading technology solutions to run more effectively. Business management software solutions are experiencing widespread adoption to help organizations meet the current demand.