{"id":2226,"date":"2018-01-08T13:24:39","date_gmt":"2018-01-08T13:24:39","guid":{"rendered":"https:\/\/monroeengineering.com\/blog\/?p=2226"},"modified":"2024-12-04T15:52:41","modified_gmt":"2024-12-04T15:52:41","slug":"american-manufacturing-kicks-off-2018-with-jobs-and-wage-increase","status":"publish","type":"post","link":"https:\/\/monroeengineering.com\/blog\/american-manufacturing-kicks-off-2018-with-jobs-and-wage-increase\/","title":{"rendered":"American Manufacturing Kicks Off 2018 With Jobs and Wage Increase"},"content":{"rendered":"<p><a href=\"https:\/\/monroeengineering.com\/blogabc\/wp-content\/uploads\/2018\/01\/business-2879470_960_7203144.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-2227\" src=\"https:\/\/monroeengineering.com\/blogabc\/wp-content\/uploads\/2018\/01\/business-2879470_960_7203144-300x198.jpg\" alt=\"\" width=\"300\" height=\"198\" srcset=\"https:\/\/monroeengineering.com\/blog\/wp-content\/uploads\/2018\/01\/business-2879470_960_7203144-300x198.jpg 300w, https:\/\/monroeengineering.com\/blog\/wp-content\/uploads\/2018\/01\/business-2879470_960_7203144-768x508.jpg 768w, https:\/\/monroeengineering.com\/blog\/wp-content\/uploads\/2018\/01\/business-2879470_960_7203144.jpg 960w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>The American manufacturing industry is starting the New Year off on the right foot. Recent data by the Bureau of Labor Statistics (BLS) shows strong improvements in the sector&#8217;s employment and wage numbers.<\/p>\n<p>According to the BLS, the American manufacturing industry added roughly 25,000 new job in December, surpassing analysts&#8217; forecasts while signaling growth and expansion in the process. Of course, the manufacturing industry wasn&#8217;t the only sector to fare well for December. In its report, the BLS says that employers in all industries added 148,000 new jobs. Combined with a low unemployment rate of just 4.1%, analysts say the American economy and job market is looking strong for 2018.<\/p>\n<p>It&#8217;s also worth mentioning that employment wages have increased over the past year. The average U.S. worker, for instance, earned 2.5% more in December 2016 than what he or she earned in December 2015.<\/p>\n<p>When speaking about the low unemployment rate, Jeremy Schwartz explained that a slowdown will likely occur sometime in the near future. &#8220;<em>It\u2019s a little soft across the board but overall, when you\u2019re this close to full employment, I think it\u2019s reasonable to see some slowdown in job gains,<\/em>\u201d said Jeremy Schwartz, a U.S. economist at Credit Suisse in New York. \u201c<em>This year we should probably expect to see some slowdowns in job gains \u2014 it\u2019s just harder to add jobs when there\u2019s a smaller pool to choose from<\/em>.\u201d<\/p>\n<p>However, American Manufacturing President Scott Paul says manufacturing jobs are growing faster than jobs in other industries, and the question many manufacturing companies are asking is how to maintain this momentum. With numbers such as these, manufacturing companies want to stay on track by sustaining job growth and employment.<\/p>\n<p>There are other reasons to celebrate the American job market in 2018. Aside from the strong job growth cited above, numerous states are expected to increase their minimum wage for employees. The federal minimum wage will remain at $7.25 per hour.\u00a0 As explained by Inc., however, 18 states have currently opted to increase their minimum wage to more than $10 per hour &#8212; a substantial increase that&#8217;s sure to have a positive effect on the average worker&#8217;s paycheck.<\/p>\n<p>Based on these findings, it&#8217;s safe to assume that the country&#8217;s manufacturing industry, as well as other sectors, are starting the year off on the right foot. Just last month, manufacturing companies added 25,000 new jobs. Combined with a low unemployment rate and increasing minimum wage, most analysts are optimistic about the future of the American manufacturing industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The American manufacturing industry is starting the New Year off on the right foot. Recent data by the Bureau of Labor Statistics (BLS) shows strong improvements in the sector&#8217;s employment and wage numbers. According to the BLS, the American manufacturing &hellip; <a class=\"continue-reading\" href=\"https:\/\/monroeengineering.com\/blog\/american-manufacturing-kicks-off-2018-with-jobs-and-wage-increase\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":2227,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[99],"tags":[],"class_list":["post-2226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-employment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>American Manufacturing Kicks Off 2018 With Jobs and Wage Increase | OneMonroe<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/monroeengineering.com\/blog\/american-manufacturing-kicks-off-2018-with-jobs-and-wage-increase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"American Manufacturing Kicks Off 2018 With Jobs and Wage Increase | OneMonroe\" \/>\n<meta property=\"og:description\" content=\"The American manufacturing industry is starting the New Year off on the right foot. 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