Manufacturing Lost 18,000 Jobs In June
Published by Ron Pereira Filed under Manufacturing
If you are American and want a feel good story this ain’t the one… so please come back tomorrow and I will try to do better. Anyhow, I saw this article the other day and didn’t have time to comment on it until tonight.
The gist of this sad story is:
U.S. employers added 132,000 jobs in June according to a report July 6 that pointed to solid growth in the world’s biggest economy. However manufacturing lost 18,000 jobs.
Whenever I hear statements like this I immediately go on a hunt for the data since many times reporters over react to plain old common cause variation.
So tonight after some digging around on the U.S. Department of Labor Bureau of Labor Statistics website I accessed the actual data and created the graph to the left. I took the last few years manufacturing employment data.
In this case, my fellow Americans, the trend is not our friend.
On the BLS website you can also create your own graphs so I took the last 10 years worth of manufacturing employment data to see what I could learn.
Yikes!
It seems that little recession was a real bugger after all. And on the bright side of things the last few years don’t seem quite as bad when you put it into this perspective. Scary (and dangerous) how we can rationalize things with pictures.
Morale of the story is simple. American manufacturing companies need to wake up and get on board with lean manufacturing and six sigma or our kids will one day ask, “Grandpa, what were those factory things like back in the day?”
If you are American and want a feel good story this ain’t the one… so please come back tomorrow and I will try to do better. Anyhow, I saw this article the other day and didn’t have time to comment on it until tonight.
The gist of this sad story is:
U.S. employers added 132,000 jobs in June according to a report July 6 that pointed to solid growth in the world’s biggest economy. However manufacturing lost 18,000 jobs.
Whenever I hear statements like this I immediately go on a hunt for the data since many times reporters over react to plain old common cause variation.
So tonight after some digging around on the U.S. Department of Labor Bureau of Labor Statistics website I accessed the actual data and created the graph to the left. I took the last few years manufacturing employment data.
In this case, my fellow Americans, the trend is not our friend.
On the BLS website you can also create your own graphs so I took the last 10 years worth of manufacturing employment data to see what I could learn.
Yikes!
It seems that little recession was a real bugger after all. And on the bright side of things the last few years don’t seem quite as bad when you put it into this perspective. Scary (and dangerous) how we can rationalize things with pictures.
Morale of the story is simple. American manufacturing companies need to wake up and get on board with lean manufacturing and six sigma or our kids will one day ask, “Grandpa, what were those factory things like back in the day?”
Labels: jobs, layoffs, manufacturing
0 Comments:
Post a Comment
<< Home