Archive for November, 2014

Manufacturing jobs in Tampa climb

Sunday, November 9th, 2014

The latest employment statistics point to manufacturing jobs in Tampa growing.

In October, manufacturing employment continued on an upward trend (+15,000). Within the industry, job gains occurred in machinery (+5,000), furniture and related products (+4,000), and semiconductors and electronic components (+2,000).

Over the year, manufacturing has added 170,000 jobs, largely in durable goods.

Overall, employment in retail trade rose by 27,000 in October. Within the industry, employment grew in general merchandise stores (+12,000) and automobile dealers (+4,000). Retail trade has added 249,000 jobs over the past year.

Health care added 25,000 jobs in October, about in line with the prior 12-month average gain of 21,000 jobs per month. In October, employment rose in ambulatory health care services (+19,000).

Employment in professional and business services continued to trend up over the month (+37,000). Over the prior 12 months, job gains averaged 56,000 per month. In October, employment continued to trend up in temporary help services (+15,000) and in computer systems design and related services (+7,000).

Employment also continued to trend up in transportation and warehousing (+13,000) and construction (+12,000).

Employment in other major industries, including mining and logging, wholesale trade, information, financial activities, and government, showed little change over the month.

Payroll employment increased by 214,000 in October, in line with the average monthly gain of 222,000 over the prior 12 months. In October, job growth occurred in food services and drinking places, retail trade, and health care.

Factory jobs in Tampa increasing?

Sunday, November 2nd, 2014

The Boston Consulting Group’s latest survey shows that while factory jobs in Tampa and other locations may be increasing, American manufacturing executives remain bullish.

The Group’s survey of senior manufacturing executives at companies with sales of $1 billion or more found that the number of respondents who said that their companies are already bringing production back from China to the United States had risen 20 percent—from roughly 13 percent to 16 percent—in the past year.

The number who said that they would consider returning production in the near future climbed 24 percent—from about 17 percent to 20 percent.

A majority (54 percent) expressed interest in reshoring, validating last year’s result (also 54 percent).

Respondents indicated that the U.S. had surpassed Mexico as the most likely destination for new manufacturing capacity to serve the U.S. market. While the percentage of executives who chose the U.S. rose from 26 percent to 27 percent, the percentage who chose Mexico slipped from 26 percent to 24 percent.

Respondents predicted that the U.S. would account for an average of 47 percent of their total production in five years, reflecting a 7 percent increase in U.S. capacity compared with last year’s results. Only 11 percent of their capacity would be in China, a 21 percent decrease from last year.