August Was Another Good Month for Manufacturing!

Manufacturing in the US expanded in August and employment in manufacturing grew at its fastest pace since March 2013.  The Institute for Supply Management (ISM) said its index of national factory activity rose to 59.0 from 57.1 the month before.  In a recent article Tim Moore, senior economist at Markit, was quoted as saying, “The US manufacturing sector has gone from strength to strength this summer, with August’s improvement in business conditions the sharpest for over four years.”  He also said that, “Impressive new business and output gains were matched by a solid rebound in employment growth.  The latest survey points to the fastest upturn in payroll numbers for around a year-and-a-half, highlighting that the manufacturing sector continues to have a positive impact on overall labor market conditions.”  This momentum in the market has led to an increase in new career opportunities for management and other salaried professionals.  No one is expecting this trend to slow down in the near future.


Bruce Peacock
Vice President of Business Development              
The Richmond Group USA