In a recent blog article, we at Steel Sales discussed the impressive cutting tool consumption growth and how that affects manufacturers in Arkansas. It turns out that cutting tools aren’t the only aspect of manufacturing that’s seeing job growth in Arkansas.
Statistics on Job Growth in Manufacturing in Arkansas
According to the United States Bureau of Labor Statistics, Arkansas has experienced significant job growth in manufacturing already in 2017. In fact, during the first four months of this year, each month saw a higher percentage growth over the previous month. Below is the labor growth for each of those four months for manufacturing in Arkansas:
January: 1.4% growth
February: 1.7% growth
March: 1.9% growth
April: 2.5% growth
Reasons for Job Growth in Manufacturing
The statistics above is significant because few other industries have experienced such steady improvement throughout the early part of the year. Granted, much of the manufacturing confidence comes from industry trust in the Trump Administration’s commitment to growing manufacturing in the United States, but there are some other considerations as well.
For instance, as innovation and technology advance, United States manufacturers are able to compete more directly with their overseas counterparts. Additionally, as new fees and taxes are levied on imports from some manufacturing countries, businesses are finding it’s more beneficial to shop locally in the United States for manufactured goods. The end result is more domestic manufacturing orders, and thus more domestic manufacturing jobs available.
What This Means for Manufacturing Businesses in Arkansas
For Arkansas, this means manufacturing businesses can move forward confidently in growing their business and seeking out new clients and customers. It also allows vendors like OSG, Helical Solutions, Harvey Tool, and Mitsubishi to innovate new cutting and other manufacturing tools.
There’s little doubt manufacturing is in a good place right now, and will remain so for the foreseeable future. In fact, there has been so much confidence in the industry that a recent Gallup poll found that most Americans see manufacturing as the key to job creation and growth in the United States.
With the Trump Administration and American people behind manufacturing, and new innovations and opportunities sprouting throughout the country, it’s a good time to be a part of the manufacturing industry.
How Steel Sales Can Help
For information about how Steel Sales can help you take advantage of this great time in manufacturing through the latest innovations and designs in manufacturing tools and supplies, contact us today at 501-375- 3338.