While the Government Shutdown may have had a mild impact on consumer confidence, U.S. factories are still a source of strength for the economy. It’s been reported that Manufacturing in the US grew at a faster pace than expected in October. The Institute for Supply Management’s October manufacturing index rose to 56.4, which is the highest it’s been since April 2011. Many Economists are expecting the year to end on a positive note. The number of Americans filing for unemployment benefits also fell for the third straight week. All of this is good news.
US manufacturers are still finding it hard to land the professional and managerial talent they need to reach their corporate objectives. Stability is no longer the primary motivator for people to change jobs, but as more companies continue to experience more consistent sales growth, stability with their current companies has turned into one of the biggest factors preventing people from considering a career change.