U.S. auto industry Steadily Recovering, to Go on Hiring Spree
What previously was a struggling industry in the United States is now a booming area. The auto industry just recently announced its plans of going on a hiring spree. Car makers and suppliers are on the hunt for technicians, engineers and factory workers to satisfy the increasing demand and build the next generation cars.
The new employees hired are going to be a part of a bigger and fast paced workforce. The nature of work has become extremely demanding and competitive. The industry is on its best form and companies are currently operating at around 95 percent of their optimal capacity.
Many factories are already working with three shifts. The rising demand and near exhaustion of the labor and operation force are forcing companies to result to what they have always been hesitant to do - to spend millions on new equipment and add floor space.
"We're really bumping up against the edge," Michael Robinet, managing director of IHS Automotive said.
"So it really is brick-and-mortar time." He said about the future of production in automotive.
The industry's plan to go on hiring spree will support job growth in the country. It can also boost fuel consumer spending of the nation. The U.S. government announced last Friday that the industry already added 175,000 jobs in May alone. This can strengthen the resilience of the economy in the coming years especially if the trend will continue.
The employment rate in the country is at 7.6 percent. It remains fairly more than 5 to 6 percent which signifies a healthy economy. While the growth of the industry is still modest, this rising need for new employees is a good indicator. It was not long when nearly every major car manufacturer in the U.S. was on the brink of closing.