The National Association of Manufacturers (NAM) provides some great information to stay in tune with what is going on in the manufacturing sector. I rely on its Twitter account (@ShopFloorNAM) and website (www.nam.org) to stay updated on important manufacturing news, as well as trending data.
NAM’s Chief Economist, Chad Moutray, released a synopsis of recent economic news to help provide a “status report” on the manufacturing industry. There were certainly some mixed reviews:
- The Institute for Supply Management’s Purchasing Managers’ Index showed that manufacturing activity in August contracted slightly for the first time since February.
- Manufacturers hired 14,000 fewer net workers in August.
- On the positive side, manufacturing job openings accelerated in July for the second straight month – there are now 379,000 in the United States. This continues a trend in rising manufacturing job openings for much of 2016.
- The Federal Reserve Board described manufacturing activity as “flat to slightly up in general” with demand and production improving slightly from earlier in the year.
What does all this mean? Our Chamber wants to know, as well! That is why we are looking forward to celebrating “National Manufacturing Month” in October with two big events: the Think Manufacturing Expo on October 6 and a “State of Manufacturing” joint chamber luncheon with the Willoughby Western Lake County Chamber on October 25.
The Think Manufacturing Expo brings manufacturers and students together to promote manufacturing careers. Manufacturers have displays and talk about the industry with local students from Lake County. For this year’s event, to be held at Perry High School, we have changed the format to make it more of a “field trip” for high school students, as it will be held during the school day. Later in the day, the event will transform into more of a career fair focused on adult job seekers. All three Lake County Chambers partner on this event. If you would like more information about participating in the event as a vendor or sponsor, please contact me!
Our October member luncheon presenters will be Michael O’Donnell and Linda Barita from MAGNET, which is a nonprofit organization that works to support, educate and champion manufacturing in Ohio. They will provide a presentation on how the manufacturing landscape in our region is faring, as well as how and why manufacturing is so important in Northeast Ohio. To register for this event, please click here.
We here at the Mentor Area Chamber of Commerce want to be your resource and advocate. We hope this information and our upcoming events will help you learn more about manufacturing and why it is a critical part of our local economy. I hope to see you soon!
President and CEO
Mentor Area Chamber of Commerce
Direct line: 440.255.0877