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Alabama manufacturers add jobs for a fifth straight year, but growth has slowed
Tuesday, June 13, 2017
According to new data released this morning by MNI, Alabama's manufacturing workforce inched up over the past year, with 1,041 new net jobs created between March 2016 to March 2017, or about a half percent. This is the fifth straight year the state has posted an employment gain, but jobs have been added at a slower rate than recorded in MNI's previous surveys.
Data collected by MNI, compiler and publisher of the industrial information that powers IndustryNet, shows factory employment in Alabama skyrocketed 28% over the past five years, with the strongest gains recorded between March 2012 and March 2015, as automakers and suppliers to the auto industry flocked to its borders, lured by Alabama's low labor costs and attractive business incentives.
Jobs in the state's transportation eq...(Full Article)
According to a report released this morning by MNI, researcher and compiler of the extensive U.S. manufacturing data that powers IndustryNet, Mississippi lost manufacturing jobs for the first time in four years, led by a 2.2% loss in the transportation equipment industry. Although this year's loss amounted to a slight half percent decline (1,046 jobs), it stands in contrast to the nearly 4,500 jobs the state added in the years following the recession. The state's post-recession gain was largely due to a 24% rise in transportation equipment employment, as more manufacturers moved south to escape high labor costs in other states.
This past year's loss reflects a number of challenges faced by Mississippi manufacturers, including global competition and a strong dollar -- factors that plagu...(Full Article)
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