National Manufacturing Survey Finds Weak Job Market to Continue
“These findings are consistent with what we have been hearing from our manufacturing clients,” said Grant Thornton Manufacturing practice leader Walter Gruenes. “It is clear that the strong productions gains experienced through the first half of 2010 have slowed significantly (only 2 percent growth in Q3) now that inventory re-stocking is complete and government incentive programs have expired (i.e., cash for clunkers, new homebuyer credit, etc.). In addition, the indecision stemming from a weak economy and the unknown impact of governmental tax policy and new healthcare, labor, and environmental regulation on business and individuals is causing paralysis as it relates to major business decisions such as expansion, expenditures, and hiring. Export growth is the one bright spot for manufacturers with growth of 9.5 percent in 2010, which is expected to reach 10 percent in 2011.”
- Places:
- U.S.





