NAM Labor Day Report: Manufacturing Improving, Economy Still Fragile

The National Association of Manufacturers’ “Labor Day 2009: The Manufacturing Report” notes signs of improving conditions in the manufacturing sector over the past few months but warns the economy is still fragile. The report looks at the economic decline since 2008, the signs of stabilization emerging, and the outlook for employment, manufacturing, and the economy. It projects an upturn in manufacturing production gradually over the next year with more significant growth in the 2011-2014 period.

The report projects that by 2014, the manufacturing sector will regain more than 40 percent of the jobs lost during the current downturn.

While the association says there are indications that the nation may be in the early stages of recovery, its report indicates there is significant reason for caution, noting that a recovery would be negatively impacted if Congress and the Obama administration enact policies that discourage investment, hamper flexibility, or raise the costs of doing business in the United States. The report further notes that prospects for good jobs, a strong manufacturing sector, and a growing economy depend on U.S. global competitiveness.

“There are grounds for optimism, but there is even greater reason for caution,” said NAM President John Engler. “A recovery could stall out or even shift into reverse if Congress and the Administration enact policies that increase the burden on businesses and make us less competitive in the global economy.

“This Labor Day, the NAM welcomes the signs of returning growth and jobs and calls on Congress and the Administration to reject the policies that would stop the nation’s progress toward recovery.”

The report is available at www.nam.org/labordayreport09.

Download Center

HTML - No Current Item Deck
  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • The Top 5 Safety and Technology Trends to Watch in 2019

    Get the latest on trends you can expect to hear more about in 2019, including continued growth of mobile safety applications, wearable technology, and smart PPE; autonomous vehicles; pending OSHA recordkeeping rulemaking; and increased adoption of international safety standard, ISO 45001.

  • Get the Ultimate Guide to OSHA Recordkeeping

    OSHA’s Form 300A posting deadline is February 1! Are you prepared? To help answer your key recordkeeping questions, IndustrySafe put together this guide with critical compliance information.

  • Safety Training 101

    When it comes to safety training, no matter the industry, there are always questions regarding requirements and certifications. We’ve put together a guide on key safety training topics, requirements for certifications, and answers to common training questions.

  • Conduct EHS Inspections and Audits

    Record and manage your organization’s inspection data with IndustrySafe’s Inspections module. IndustrySafe’s pre-built forms and checklists may be used as is, or can be customized to better suit the needs of your organization.

  • Industry Safe

OH&S Digital Edition

  • OHS Magazine Digital Edition - January 2019

    January 2019

    Featuring:

    • PREVENTING ERRORS
      Production vs. Safety 
    • EMERGENCY SHOWERS & EYEWASH
      Meeting the Requirements for Emergency Equipment
    • CONSTRUCTION SAFETY
      The State of Contractor Safety
    • FOOT PROTECTION
      The Three Keys to Effective Chemical Management
    View This Issue