Latest news with #ManufacturingInstitute
Forbes
26-05-2025
- Business
- Forbes
Manufacturing Jobs Projected To Grow By 30%: Top 7 High-Paying Careers
Projections for the manufacturing sector indicate nearly 30% growth through 2033, according to reports from Deloitte. Construction spending in manufacturing—in other words, dollars invested to build new or expand existing manufacturing facilities—has nearly tripled since June 2020. In January 2024, this investment reached a record high of $225 billion, which is a 37% year over year increase. Current efforts from the Trump administration are expected to further drive investment in American manufacturing. Analysis indicates that 3.8 million workers will be needed in the sector over the next eight years, with a caveat: attraction and retention are major concerns for leaders. Deloitte warns that as many as 5 in 10 skilled positions (1.9 million jobs) could remain unfilled if manufacturers can't address skills gaps. Carolyn Lee, President and Executive Director of the Manufacturing Institute, says, 'Companies must prioritize technology, training and talent development, and the investments that are driving growth will also require the industry to build out a talent ecosystem. A whole host of new talent will be on the factory floor and driving the next wave of growth.' According to research from Go Banking Rates, and based on details from the U.S. Bureau of Labor Statistics, these opportunities offer high-growth and high pay in manufacturing: Meanwhile, 4.3 million Gen Z workers are struggling to find direction in an uncertain job market. Over 4 million Gen Z adults in the U.S. are not in school, working or in job training. Could manufacturing be a potential career opportunity? To be sure, many of the gigs on this list require advanced degrees, and experience levels that might not be readily accessed by new entrants into the workforce. The real story here isn't the amount of high-paying jobs in manufacturing. It's a story of access, particularly for Gen Z. Access requires skills, to be sure. But also desire. In a Measure of America study, the Social Science Research Council tracks something called 'disconnection' - a reflection of adults not in the workforce, in training or in school. For leaders interested in shaping the future, providing a pathway to reconnection is the key. Opportunities in both blue-collar and white-collar roles seem to be on an upward trend in manufacturing. Connecting skill sets to the opportunities is the challenge for leaders who are focused on attraction and retention. For leaders today, there's never been a greater need for talent development and training. Practical skills are vital for today's workforce, as the value of a college degree continues to be a source of serious debate for many. The opportunities in manufacturing support new initiatives from the current administration, to drive domestic manufacturing investment. But just as a new factory can't be built overnight, it takes time for the workforce to adjust to new opportunities. And, for many workers, that adjustment is complicated by a loss of trust in the job market. With a proliferation of ghost jobs, and consistent stories from workers who have been searching for jobs for months or years, a Catch-22 emerges. Candidates are crispy: frustrated by trying to find an employment opportunity they can trust. How to tailor training for the future of work is one issue among many, as advancements in technology might defy the stats listed up above. For example, it's clear that Data Scientists have a rosy outlook and good salaries. But do workers have this skillset, or want to devote their careers to this line of work? Seeing opportunity doesn't mean you can instantly fulfill the gig - or that you would want to. In the job market, a large gap of disconnection remains between roles and desires, as salaries and statistics don't always tell the whole story.
Yahoo
22-05-2025
- Business
- Yahoo
7 In-Demand Manufacturing Jobs That Offer Salaries Up to 6-Figures
The manufacturing industry predicts an employment boom over the coming decade — provided it can fill the jobs needed to keep from going bust. Read Next: Find Out: A joint study from the Manufacturing Institute and professional services giant Deloitte found that American manufacturers will need to fill 3.8 million positions between now and 2033 — but the manufacturing world is rapidly evolving. The report found that pandemic-driven shifts have put a premium on candidates with specific sets of digital skills. The following seven jobs are poised to become the sector's most in-demand occupations, and employees who can fill them shouldn't have to look hard to find hiring managers competing for their labor — and they're good jobs. All but two pay six-figure salaries and each one is slated for massive, double-digit-percentage growth. Median annual salary: $103,300 Demand for statisticians, in general, is projected to grow by 12% through 2033, regardless of the sector. That's three times the 4% projected growth rate for all occupations over the same period. Median annual salary: $112,590 Like statisticians, data scientists are in high demand economy-wide, not just in manufacturing — but this time, the projected growth rate is an eye-popping 36% through 2033. That's three times the projected demand increase for statisticians, which is three times higher than the national average. Median annual salary: $80,880 The median pay for logisticians who work in manufacturing is $83,720 — a bit higher than what the position pays the median worker across all sectors. This job is also poised for sky-high growth through 2033 — 19%, in this case. Median annual salary: Varies Several kinds of engineers can find a home in manufacturing, and their salaries can vary widely according to type, skill, specialty and background. For example, the median mechanical engineer earns $102,320 a year, but the median computer hardware engineer makes $155,020. Median annual salary: $171,200 The median computer and information systems manager who works in manufacturing earns $174,790 — just above the median across all sectors. However, with a projected growth rate of 17% through 2033, it's one of the most in-demand jobs, no matter the industry. Median annual salary: $133,080 Manufacturing is one of the top sectors for software developers, and the median earner makes $134,910 — slightly more than the median for all fields. Like the others, high demand is not limited to manufacturing. The occupation's overall projected growth rate is 18% through 2033. Median annual salary: $63,760 Manufacturing has a high concentration of industrial maintenance technicians, and the sector pays a little more than the median across all industries — $64,360, to be exact. Like all other occupations on this list, the job outlook is strong and then some — the projected growth rate is 15% through 2033. Note: All salary and employment data are from the Bureau of Labor Statistics (BLS). More From GOBankingRates Surprising Items People Are Stocking Up On Before Tariff Pains Hit: Is It Smart? The Most Expensive Disney Merchandise Ever Sold -- and Who's Buying It 5 Types of Cars Retirees Should Stay Away From Buying Sources: The Manufacturing Institute, 'Study: Manufacturing in U.S. Could Need Up to 3.8 Million Workers' Bureau of Labor Statistics, 'Mathematicians and Statisticians' Bureau of Labor Statistics, 'Data Scientists' Bureau of Labor Statistics, 'Logisticians' Bureau of Labor Statistics, 'Architecture and Engineering Occupations' Bureau of Labor Statistics, 'Computer and Information Systems Managers' Bureau of Labor Statistics, 'Software Developers, Quality Assurance Analysts, and Testers' Bureau of Labor Statistics, 'Industrial Machinery Mechanics, Machinery Maintenance Workers, and Millwrights' This article originally appeared on 7 In-Demand Manufacturing Jobs That Offer Salaries Up to 6-Figures Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
15-05-2025
- Business
- Time of India
manufacturing job requirements: Millions of manufacturing jobs are up for grabs, so why aren't Americans taking them? The answer might surprise you
Half a Million Factory Jobs, But No Takers Skills and Degree Needed ADVERTISEMENT FAQs Following decades of downturn, American manufacturing is rebounding. Billions of federal dollars invested in the sector by both the Trump administration and previously the Biden administrations to boost manufacturing in the United States, as per a report. But there's a surprising twist, though the jobs are here, manufacturers are having trouble finding workers to occupy them, according tp to 500,000 factory jobs currently exist that are not being filled, the Bureau of Labor Statistics data revealed, as per the report. Last year, the Manufacturing Institute and Deloitte surveyed over 200 manufacturing companies and found that over 65% of the firms said recruiting and retaining workers was their main business challenge, reported READ: If you had put $10K into Berkshire Hathaway when Warren Buffett took over, you'd be sitting on a mind-blowing fortune today; here's the jaw-dropping return you missed out on One of the reason manufacturers can't hire quickly is that so many jobs today require specialized skills and not all of them on the factory floor, as per the report. Just about 2 in every 5 jobs are for hands-on production, others fall into fields like engineering, design, R&D, finance, and marketing, as per NPR. Also, unlike before, many manufacturing jobs these days actually require college degrees, according to the president and executive director of the Manufacturing Institute, Carolyn Lee highlighted that half of all open manufacturing positions demand a bachelor's degree, however, the other half doesn't need a degree, and yet manufacturers are having a hard time filling both types, as per shared that, "Every company we speak with is trying to hire technicians. Every single one. The challenge is that there is no one walking around on the street with these skills, and it takes one to two years to teach those skills and another one to two years to contextualize those skills to the specific plant environment," as quoted in the READ: White House insider issues dire warning, says Republicans are heading for a wipeout in the midterm elections, cites these reasons Not at all, about half don't require a degree. But they still require training and machine operators, forklift drivers, and material handlers.
Economic Times
14-05-2025
- Business
- Economic Times
Millions of manufacturing jobs are up for grabs, so why aren't Americans taking them? The answer might surprise you
Despite billions in federal investment fueling a resurgence in American manufacturing, companies are struggling to fill nearly 500,000 open positions. While some roles require specialized skills and even college degrees in fields like engineering and R&D, a significant portion needs technicians and machine operators, highlighting a critical skills gap that takes years to bridge through training and on-the-job experience. Tired of too many ads? Remove Ads Half a Million Factory Jobs, But No Takers Skills and Degree Needed Tired of too many ads? Remove Ads FAQs Following decades of downturn, American manufacturing is rebounding. Billions of federal dollars invested in the sector by both the Trump administration and previously the Biden administrations to boost manufacturing in the United States, as per a report. But there's a surprising twist, though the jobs are here, manufacturers are having trouble finding workers to occupy them, according tp to 500,000 factory jobs currently exist that are not being filled, the Bureau of Labor Statistics data revealed, as per the report. Last year, the Manufacturing Institute and Deloitte surveyed over 200 manufacturing companies and found that over 65% of the firms said recruiting and retaining workers was their main business challenge, reported READ: If you had put $10K into Berkshire Hathaway when Warren Buffett took over, you'd be sitting on a mind-blowing fortune today; here's the jaw-dropping return you missed out on One of the reason manufacturers can't hire quickly is that so many jobs today require specialized skills and not all of them on the factory floor, as per the report. Just about 2 in every 5 jobs are for hands-on production, others fall into fields like engineering, design, R&D, finance, and marketing, as per NPR. Also, unlike before, many manufacturing jobs these days actually require college degrees, according to the president and executive director of the Manufacturing Institute, Carolyn Lee highlighted that half of all open manufacturing positions demand a bachelor's degree, however, the other half doesn't need a degree, and yet manufacturers are having a hard time filling both types, as per shared that, "Every company we speak with is trying to hire technicians. Every single one. The challenge is that there is no one walking around on the street with these skills, and it takes one to two years to teach those skills and another one to two years to contextualize those skills to the specific plant environment," as quoted in the READ: White House insider issues dire warning, says Republicans are heading for a wipeout in the midterm elections, cites these reasons Not at all, about half don't require a degree. But they still require training and machine operators, forklift drivers, and material handlers.
Time of India
14-05-2025
- Business
- Time of India
Millions of manufacturing jobs are up for grabs, so why aren't Americans taking them? The answer might surprise you
Following decades of downturn, American manufacturing is rebounding. Billions of federal dollars invested in the sector by both the Trump administration and previously the Biden administrations to boost manufacturing in the United States, as per a report. But there's a surprising twist, though the jobs are here, manufacturers are having trouble finding workers to occupy them, according tp NPR. Half a Million Factory Jobs, But No Takers Close to 500,000 factory jobs currently exist that are not being filled, the Bureau of Labor Statistics data revealed, as per the report. Last year, the Manufacturing Institute and Deloitte surveyed over 200 manufacturing companies and found that over 65% of the firms said recruiting and retaining workers was their main business challenge, reported NPR. ALSO READ: If you had put $10K into Berkshire Hathaway when Warren Buffett took over, you'd be sitting on a mind-blowing fortune today; here's the jaw-dropping return you missed out on 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Fungo nas unhas: um truque simples reduz facilmente Acabe com os Fungo Undo Skills and Degree Needed One of the reason manufacturers can't hire quickly is that so many jobs today require specialized skills and not all of them on the factory floor, as per the report. Just about 2 in every 5 jobs are for hands-on production, others fall into fields like engineering, design, R&D, finance, and marketing, as per NPR. Also, unlike before, many manufacturing jobs these days actually require college degrees, according to the report. The president and executive director of the Manufacturing Institute, Carolyn Lee highlighted that half of all open manufacturing positions demand a bachelor's degree, however, the other half doesn't need a degree, and yet manufacturers are having a hard time filling both types, as per NPR. Live Events Lee shared that, "Every company we speak with is trying to hire technicians. Every single one. The challenge is that there is no one walking around on the street with these skills, and it takes one to two years to teach those skills and another one to two years to contextualize those skills to the specific plant environment," as quoted in the report. ALSO READ: White House insider issues dire warning, says Republicans are heading for a wipeout in the midterm elections, cites these reasons FAQs Are these jobs only for college graduates? Not at all, about half don't require a degree. But they still require training and experience. What kinds of jobs are in high demand? Technicians, machine operators, forklift drivers, and material handlers.
