Manufacturing Sector in the US Continued Expanding in July

US Manufacturing grew again in July for the 14th consecutive month.  According to a report issued by the Institute for Supply Management the July PMI registered 57.1%, which is an increase of 1.8% from June’s reading of 55.3%. The new order index registered 63.4%, which was a 4.5% increase of over June.  All this growth has created more jobs and the need for companies to acquire additional talent to meet the needs of their customers as product demand increases.  More jobs becoming available is also driving up salaries for technical roles due to market competition and shortages in certain specialty skills and has created a challenge for companies to acquire new talent while retaining their existing workforce.