New Orleans Welcomes Management Update Conference 2022
 

PMPA members began arriving in New Orleans on Wednesday – the weather is beautiful, the hotel looks great, and the anticipation for another great PMPA Conference is in the air.

We welcome 118 attendees from 60 companies, including 27 first time attendees, all to hear from top industry speakers on how to attract, hire and retain employees.  

Manufacturing Positivity

Labor Force Participation Rate Rises to 62.2%
 
Its highest level since March 2020 – pre COVID-19.  Among the details- Manufacturing Employment rose by 13,000 in January, non-farm payrolls increased  by 467,000 beating consensus. Average Hourly earnings for production workers in manufacturing rose 5.2% year over year in January.

Link to BLS News Release: https://www.bls.gov/news.release/pdf/empsit.pdf
 
Job Openings and Labor Turnover December 2021
According to the latest release of the JOLTS report, For the ninth month in a row, Job openings in manufacturing exceeded 800,000 at 856,000.

Link: https://www.bls.gov/news.release/pdf/jolts.pdf
 
Productivity Increased 6.6% in Fourth Quarter 2021

BLS Productivity and Costs Preliminary Averages were released with non-farm business sector labor productivity rising 6.6 percent, as output increased 9.2 percent and hours worked increased 2.4 percent, on a seasonally adjusted basis. Unit labor costs in the non farm sector increased 0.3 percent in the fourth quarter. Over the last four quarters, unit labor costs increased 3.1 percent.

Link: https://www.bls.gov/news.release/pdf/prod2.pdf

Production Machining Magazine
February Issue
 

PMPA pages in February’s Production Machining Magazine include:

• 5-S: Ask a Tool Maker by Miles Free III
• A New Year Resolution for your Business by Carli Kistler-Miller
• Market Insight by Joe Jackson
• Craftsman’s Cribsheet: Advantages of CNC Machining by W.H. Bagshaw Co.

 

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