News October 2017 Volume 7
Workforce Specialists Analytics Newsletter
 
  • Manufacturing still expanding and optimism is at record highs
  • Peak e-commerce season is going to be bigger than last year (lots of volume) and probably more challenging (tight labor market)
  • But, just in time, the labor pool is growing
     
 
A good sign: labor participation rate went up 0.2% in September. People are getting back into the labor market and taking jobs.
     
 
Driven by strong order growth and production, Us manufacturing expanded in September at fastest pace in 13 years (Institute for  Supply Management).
  • Employment gauge at six-year high
  • 17 or 18 major manufacturing sectors reported growth in September
  • Manufacturers' record-high optimism reported in Q1 / Q2 has continued into Q3. Highest three-quarter average in NAM survey's 20-year history. And, strong majority of both small and large manufacturers state promise of tax reform will spur growth and create jobs.
     
 
Warehousing and Storage sectors seem untouched by effets of recent hurricanes, adding 4,800 jobs in September. Sector is at all-time high in employment. 

Holiday
e-commerce sales forecasts are becoming more optimistic, projecting years-over-year growth ranging from 11% to 21% depending on survey. Reminder: e-commerce logisticsis two- to three-times more labor intensive than traditional operations, compounding the already challenging, tight labor markat (JLL). r, Vice President - Workforce & Supply Chain Analytics
     
Keith Wisner, Vice President - Workforce & Supply Chain Analytics.