"Within the manufacturing and logistics industry, activity is constantly oscillating, and the drop we've seen in the Employee Confidence Index is a reflection of that trend," said Phyllis Finley, Executive Vice President at Randstad US. "However, by the accounts of many economists, 2014 is expected to be a year driven by growth in the manufacturing sector, and I expect the outlook of workers in this sector will lift as more jobs are added in the U.S.
"As far as job expansion in the sector, 10,000 manufacturing jobs are expected to be the added in the Detroit, Michigan region in the next five years as part of a high-tech manufacturing hub that is set to open this spring," Finley added. "However, a recent Institute for Supply Management survey notes that while hiring managers expect to increase staffing by an average of 2.4 percent this year, an ongoing concern within the industry is finding skilled workers who have specific expertise, such as capital-intensive, robotics-intensive production and additive manufacturing."
Q4 Survey Highlights:
Manufacturing Workers' Confidence in the Economy Falls in the Fourth Quarter
- More than half (51%) of manufacturing professionals believe the economy is getting weaker, increasing 15 percentage points from the third quarter of 2013.
Job Outlook Among Workers Dims
- Manufacturers who feel there are fewer jobs available increased six percentage points to 55 percent in Q4 2013.
Confidence in Job Security Declines
- Twenty-six percent of manufacturing and logistics workers feel it is likely they will lose their current job, a nine percentage point increase from the previous quarter's readings.
More Workers Likely to Search for New Employment
- Thirty-eight percent of manufacturers say they are likely to look for a new job within the next 12 months, an increase of eight percentage points from the third quarter of 2013.
This survey was conducted online within the United States by Harris Poll on behalf of Randstad from October 8-10, November 6-8 and December 3-5, 2013, among 3,113 adults ages 18 and older, of which 167 are employed in manufacturing and logistics. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact Email Contact
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