Georgia manufacturing activity slowed for the fourth consecutive month in August. The Kennesaw State University Econometric Center's monthly purchasing manager's index has fallen more than 13 points since April. In August, it was barely above 50 – the line between a growing industry and one that’s retracting.
Kennesaw State University’s monthly index on Georgia manufacturing activity fell slightly in March after two blockbuster months of growth. Intuit Payroll’s latest index shows another month of slight increases in the state’s small business employment. And unemployment keeps inching down. Economists say it all indicates a recovery. Just a slow one.
Georgia policy makers say, they want to create good, high-paying jobs in manufacturing and logistics. But many of those jobs already exist. They're going unfilled because Georgians lack the skills to do them. Georgia's technical colleges are straining to meet employer needs.
Georgia manufacturing activity hit its lowest point in nearly two years in September, the result of a drop in production and new orders. The monthly Purchasing Managers Index from Kennesaw State University’s Econometric Center showed a nine-point decrease to 48.7. Any number below 50 means the industry is contracting.
Georgia's manufacturing sector is hiring but the jobless rate isn't going down. Some manufacturers are pointing to a shortage of skilled workers as one reason the state isn't reaping the benefits of an uptick in manufacturing. Some manufacturers are having to search outside the state for workers with highly techical skills.
Manufacturing in Georgia is looking up after a four month downward spiral according to Don Sabbarese, Director of the Econometric Center at the Coles College of Business at Kennesaw State University. Georgia’s Purchasing Managers Index (PMI) for August has shown a 7.4 index increase from the month of July, bringing in a final index of 58.1.