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.
Caterpillar could break ground on its new Georgia plant within the next two weeks. Land planner Jon Williams said he submitted plans for the $200 million facility Friday afternoon, just hours after the firm announced they would build it near Athens.
There's a mismatch going on in the national workforce. A new survey says, a record 52% of US employers are having a hard time filling critical positions despite 14 million unemployed. In the coastal area, Cindy Landolt of Coastal Workforce Services says, employers are telling her, they're getting applicants that don't have key skills.
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.
The latest numbers from the state’s labor department reflect a still sputtering economy in Georgia. The jobless rate rose into double-digits in July. It was up two-tenths of a point to 10.1 percent. Georgia lost more than 30,000 jobs last month, with the bulk of those seasonal layoffs in state and local education.
Georgia’s manufacturing sector had a good February with increases in new orders, production, and some improvement in hiring. The Kia factory in West Point, Ga., is adding up to a thousand workers by the end of the year and is planning to add a third shift too.