Manufacturing jobs, the quiet success story
Since the UK started to come out of recession, there has been much discussion about how to create a different economy. Politicians have increasingly talked about rebalancing and the Chancellor spoke about a new economic model with a goal of expanding exports to £1trillion per year by 2020.
Manufacturing can't drive this growth solely but, recent evidence suggests it has a major role to play. To back this, some more evidence quietly emerged last week amidst the latest employment figures.
As well as the very welcome reduction in the overall figure, buried amidst the detail were figures for manufacturing which showed the fastest quarterly growth in industry jobs since sector records began in 1978. This increase of 38,000 was a 1.5% increase on the previous quarter and helped push the annual increase up by 0.6% to 2.56 million people now employed in the sector.
The official data is also now reflecting EEF's own quarterly business trends survey which has shown manufacturers recruitment intentions have been positive every quarter since the beginning of 2010. These figures don't suggest for one minute that we are going to return to the heady days of large parts of our economy employed in manufacturing. But what they do show is that our sector is both resilient and growing on the back of strong export ked demand, especially to emerging economies.
They also show that employers have a strong demand for highly skilled people and are able to offer significant and challenging career opportunities. Those of us who work in the sector have known this for some time but we now need to shout about it. We need to ensure that the parents of our schoolchildren know this, that teachers and careers advisers are aware of this and that government continues to invest all its energies in putting vocational and academic education on an equal footing.
At a time when our economy needs to create as many high value jobs as it can, it is pleasing to see manufacturing companies in the West Midlands doing their bit by providing the skilled opportunities we need. There are many success stories in our region, from large companies to small, that are offering these opportunities and the official figures are quietly beginning to bear this out. Whilst there is no sign of an end game to the uncertainty across the channel which may make life more difficult in the near term last week's figures were another indicator of why I am so confident for the future of manufacturing.
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"Since the UK started to come out of recession"
- when was that then, mate?
You really seem to have a problem with reality. Even by official UK government statistics UK RE-entered recession in Q4 2011.
Thanks for the comments
It is UK manufacturing that I am referring to so perhaps the opening line should have been clearer
EEF is working hard to encourage the goverment to support UK manufacturing and encourage investment as we start to see signs of companies moving back from the East which is great news for the UK
Richard
So it's UK manufacturing 'out of recession', rather than UK, eh?
Okay, so how do you spin a CONTRACTION in UK manufacturing of 0.7% in April 2012 - the latest official data on UK manufacturing sector output? (http://www.ons.gov.uk/ons/dcp171778_267352.pdf)
Enough already. This is almost as embarrassing as watching an arts grad pretending to be a management 'consultant', pretending to be a minister of the country's finances.
It's funny how bodies like EEF, CBI, chambers of commerce seem to produce optimistic 'survey' data, like today's gushing CBI retail report for June, only to be followed by invariably contrary data from the official stats body of the country, which itself is notorious for cooking the books.
Can we stop with all this PR-puffery and just acknowledge the country is in a depression and tackle the real causes of this situation, rather than being subjected to constant Soviet Russia-like tractor stats?
Well done Paul Kelly in highlighting the inaccuracies in this article. And it's been confirmed this morning that the UK is very much in recession.
Regards,
Mr Srutineer.
PS. As I've said a number of times, UK PLC is bankrupt. It's about time people realised this and stopped living in the past.
Thanks, Mr Scrutineer.
Us 'deniers' and dissenters have been in the wilderness since 2008, against the barrage of propaganda for the banksters and kleptocrat classes by their handmaidens in the mainstream media. Now even the average Joe Soap is beginning to realise what actually happened in the last four years - plain, huge theft - and will soon realise how this heist was built up in the thirty or so years proceeding the 2008 crash.
Now that more people are aware, and the perps are feeling nervous, now is when things really get interesting.
Paul Kelly,
You clearly know what you're talking about, unlike some of the so called "expert" guest bloggers on the Birmingham Post. So why don't you start to write a business blog? The general public may then actually be educated about the real facts.
Regards,
Mr Srutineer.
PS. My name is Mr Srutineer (no letter "c")