Tuesday, May 19, 2009

Is this a surprise - Indiana manufacturing declines

Indiana Manufacturing Jobs Drop Nearly 8 Percent According to Industrial Directory:
"The Directory reports Indiana suffered a 1% loss in manufacturing employment between 2005 and 2006, a loss of 2.4% between 2006 and 2007, and a 2.2% decline over the 2007-2008 survey period.
Manufacturers' News reports Indiana is now home to 10,748 manufacturers employing 610,491 workers.

'As with the entire nation, the recession continues to chip away at Indiana's core sectors. The auto industry has taken the greatest hit, while the faltering housing market has affected industries such as wood, furniture and building products,' says Tom Dubin, President of the Evanston, IL-based publishing company, which has been surveying industry since 1912.

MNI reports a quarter of the state's losses were felt in the auto industry, which tallied a loss of 12,814 jobs or 14.4% over the year following layoffs and closings at RV manufacturers and suppliers such as Monaco Coach Corp, Starcraft RV, Travel Supreme and Newmar Corp., as well as continuing cuts at the Big Three and their suppliers. The auto industry currently accounts for 73,364 jobs, while the transportation equipment sector as a whole employs 90,660. One bright spot in the auto sector was the opening of a new Honda plant in Greensburg that will be producing fuel-efficient vehicles."

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