In the latest Bureau of Labor Statistics (BLS) September job’s report, manufacturers across the country have reported that they cut roughly 2,000 jobs last month, which is causing some to ring the alarm bells.
“The most worrying figure in the jobs report is the overall decline in manufacturing employment,” says Julia Pollak, a labor economist for the employment site ZipRecruiter, in an article on Markets Insider. “In 2018, manufacturing workers saw their opportunities expand and their wages rise. In 2019, by contrast, manufacturing workers are worrying about the prospect of pink slips.”
However, don’t believe that hype just yet! Intuit recently conducted a survey of over 1,067 manufacturing executives and hiring managers to understand this perceived “crisis.” And according to its results, the reports of a manufacturing crisis may be premature.
