Reports determine New Jersey lost fewer manufacturing jobs
Manufacturers’ News, Inc. reports New Jersey lost 14,511 manufacturing jobs from December 2009 to December 2010, compared to 23,798 jobs lost over the 2008-2009 survey period
Industrial employment in New Jersey declined 3.3% over the past year according to the 2011 New Jersey Manufacturers Register, an industrial directory published annually by Manufacturers' News, Inc. (MNI). MNI reports New Jersey lost 14,511 manufacturing jobs from December 2009 to December 2010, compared to 23,798 jobs lost over the 2008-2009 survey period.
Manufacturers' News reports New Jersey is now home to 9,746 manufacturers employing 413,080 workers.
Bright spots for the state include several plant openings such as Integrated Microwave Technologies' facility in Mt. Olive; Schar USA's plant in Logan; photovoltaic-panel manufacturer MX Solar USA; and Princeton Power Systems' new plant, which will manufacture energy storage systems for the solar industry.
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Annual Salary Survey
After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.