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Richardo

(38,391 posts)
Sat Jan 14, 2012, 02:07 AM Jan 2012

Hiring Logjam Breaks as CEOs Plan Fastest U.S. Growth Since 2006

Hiring Logjam Breaks as CEOs Plan Fastest U.S. Growth Since 2006
Thomas Black, ©2012 Bloomberg News

Friday, January 13, 2012

Jan. 13 (Bloomberg) -- Companies from General Electric Co. to yogurt producer Chobani are adding U.S. workers, accelerating a rebound in hiring, as chief executive officers prepare for greater demand in a strengthening economic recovery.

Boeing Co. is bringing in more than 100 union machinists a week for a 60 percent boost in output by 2014. Nissan Motor Co. will expand in Tennessee with 1,000 people making lithium-ion batteries. And a GE executive was at a Kentucky appliance plant before dawn this month to greet some of 500 new employees.

"The next few years are going to be a different picture than what we saw in the last few," said Hamdi Ulukaya, CEO and founder of South Edmeston, New York-based Chobani, which is building a 300-worker plant in Twin Falls, Idaho. "To get ready for this, we need to have our manufacturing capacity in place."

The hiring reflects optimism among CEOs that the economy will continue to strengthen and more workers will be needed to meet demand. It may signal an end to a lockdown on job growth following the financial crisis that lingered even after the recession ended in June 2009, with economists estimating more new jobs created this year than any time since 2006.

Manufacturing, whether for GE refrigerators or Greenbrier Cos. rail cars, is a bright spot in a labor market still so weak that December's unemployment rate of 8.5 percent was the lowest in three years. U.S. factory payrolls expanded by 225,000 jobs in 2011, more than double the total from a year earlier.

<snip>


Lots more here: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/01/13/bloomberg_articlesLXPL1I0D9L3501-LXPQR.DTL

I'm in procurement in the chemicals industry and I can verify that we're ordering tons (literally!) of heavy equipment, rolling stock, pressure vessels, etc.

39 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Hiring Logjam Breaks as CEOs Plan Fastest U.S. Growth Since 2006 (Original Post) Richardo Jan 2012 OP
and items you are ordering are made where? nt msongs Jan 2012 #1
Sounds like war carla Jan 2012 #3
Nope. Richardo Jan 2012 #5
In the past carla Jan 2012 #11
you are wrong Richardo AlecBGreen Jan 2012 #12
I heard Feta was teh bomb hootinholler Jan 2012 #18
excellent sig line! AlecBGreen Jan 2012 #25
US for the most part Richardo Jan 2012 #4
Our engineering business is booming in Tennessee cheapdate Jan 2012 #20
I hope that businesses are realizing just how valuable the American work ethic is. JDPriestly Jan 2012 #2
There hasnt really been a problem with the work ethic rather the problem is pure greed cstanleytech Jan 2012 #10
There are all sorts of problems with American society and economy as well Art_from_Ark Jan 2012 #38
I hope that this guy has it right. If companies start hiring again then people can start to feel saf peacebird Jan 2012 #6
I will never feel lL"safe" again, if I ever did. I will, however, 1monster Jan 2012 #26
All this talk of hard rain is great.. orpupilofnature57 Jan 2012 #7
This probably depends on whether Europe implodes.. DCBob Jan 2012 #8
Maybe the S&P downrating is timely. orpupilofnature57 Jan 2012 #13
One would hope the rating agency idiots are not playing politics.. DCBob Jan 2012 #14
Does anyone take S&P seriously? airplaneman Jan 2012 #32
All of the Big Three companies were overrating subprime bonds Art_from_Ark Jan 2012 #36
Thanks for the glimmer of good news! Atypical Liberal Jan 2012 #9
This is terrible - Obama must fail - he must, he must !!!!1 - there can be no recovery. jpak Jan 2012 #15
It's really a shame that industry couldn't wait until after the election. Gormy Cuss Jan 2012 #21
Now that people have been hurting for the past 4-yrs. Hotler Jan 2012 #16
Yup. There is a smaller share of the GDP going to wages today OrwellwasRight Jan 2012 #22
These companies are unionized, are they not?. whathehell Jan 2012 #28
It might depend on what state you're in Art_from_Ark Jan 2012 #37
I guess they finally decided it was time to make some money ThomThom Jan 2012 #17
Maybe after seeing what the repubs were offering EC Jan 2012 #19
The fix is in thelordofhell Jan 2012 #23
good news nt arely staircase Jan 2012 #24
Yes we can and we ARE!!!! whathehell Jan 2012 #27
Yea! sendero Jan 2012 #29
I just had two interviews the last three days of this last week and one on Monday... cascadiance Jan 2012 #30
k/r Dawson Leery Jan 2012 #31
excellent proud patriot Jan 2012 #33
But Rush sez zero job growth is one of Obama's Achilles' heels! Beartracks Jan 2012 #34
This is great news. I feel like I've had a drink of water after a long dry spell. Honeycombe8 Jan 2012 #35
Perhaps they have given up on defeating Obama, and are hoping to save control of Congress. nt bemildred Jan 2012 #39

carla

(553 posts)
11. In the past
Sat Jan 14, 2012, 09:14 AM
Jan 2012

societies ramped up production after the start of hostilities. With the tensions against Iran being ramped up, it would only be logical to get a jump on production. No amount of consumer confidence could make CEO's across the board choose to invest massively in the USA. This is troubling because it seems to indicate that the PTB have sent notice to the captains of industry to prepare for something massive. Richardo, you offer nothing to dissuade me and at age 70, I can say I have seen a lot in my lifetime. I hope you are correct, but you seem to be so adamant that I doubt you know much about history.

AlecBGreen

(3,874 posts)
12. you are wrong Richardo
Sat Jan 14, 2012, 09:19 AM
Jan 2012

America has developed a 500-lb Greek yogurt bomb that will end the War on Terror quickly and with minimal collateral damage. The key is to simultaneously bombard the enemy with granola cluster bombs. Cleanup will be easy and delicious

Richardo

(38,391 posts)
4. US for the most part
Sat Jan 14, 2012, 07:25 AM
Jan 2012

... on the three categories I mentioned. Which is why I specifically mentioned them.

cheapdate

(3,811 posts)
20. Our engineering business is booming in Tennessee
Sat Jan 14, 2012, 11:48 AM
Jan 2012

Mitsubishi Chemical is building a plant in Memphis, TN to produce electrolytes for use in Nissan's new Leaf electric cars. The plant is going up as fast as it can be built. We've done all of the detailed design for the plant and we're now substantially involved in the construction support. On the other end, we're now working on several projects for Nissan to support the construction of their new electrolyte plant at the Nissan facility in Smyrna, TN. All of this work was made possible by US government loans to support energy investment in the US.

But it's not just green energy. Companies that had put projects on hold in 2008 are restarting projects. One example is a project for a manufacturer of vinyl ester resins to expand their production capacity. The resins are used in a variety of building products. The project had been put on hold in 2008, but they are going ahead with it now. We're swamped, actually.

JDPriestly

(57,936 posts)
2. I hope that businesses are realizing just how valuable the American work ethic is.
Sat Jan 14, 2012, 02:56 AM
Jan 2012

I have lived in other countries. The Germans work more efficiently than Americans (as a general rule) and are better trained, but nobody works harder, no workers are more enthusiastic, than American workers.

We are the nation of workaholics.

The Japanese work very hard too, but there are a lot of problems in the Japanese society and economy these days.

cstanleytech

(25,947 posts)
10. There hasnt really been a problem with the work ethic rather the problem is pure greed
Sat Jan 14, 2012, 08:44 AM
Jan 2012

usually at the corporate level with the higher ups giving themselves the money and the perks and pissing all over the common workers it seems.............or in other words its trickle down economics as usual.

Art_from_Ark

(27,247 posts)
38. There are all sorts of problems with American society and economy as well
Sun Jan 15, 2012, 07:24 AM
Jan 2012

The main problems in Japan are dealing with 3 horrible and extremely costly disasters, dealing with a way overvalued currency that is killing exports, dealing with increasingly unstable supplies of imported raw materials, and dealing with the fact that the population of an advanced society in a relatively small group of islands cannot continue to grow forever.

peacebird

(14,195 posts)
6. I hope that this guy has it right. If companies start hiring again then people can start to feel saf
Sat Jan 14, 2012, 07:40 AM
Jan 2012

and the economy will begin to recover....

1monster

(11,012 posts)
26. I will never feel lL"safe" again, if I ever did. I will, however,
Sat Jan 14, 2012, 02:04 PM
Jan 2012

be looking for ways to soften and repair the next blow that capariciously huffs and puffs and knocks holes in my house.

airplaneman

(1,230 posts)
32. Does anyone take S&P seriously?
Sat Jan 14, 2012, 08:29 PM
Jan 2012

S&P rated CDO's and MBS's back when they must have known they were junk AAA.
If S&P was honest we never would have had the mess go as far as it did. Or was it the government that forced them to call junk AAA. I for one have no faith in them or in wallstreet or CEO"s
-Airplane

Art_from_Ark

(27,247 posts)
36. All of the Big Three companies were overrating subprime bonds
Sun Jan 15, 2012, 02:23 AM
Jan 2012

And I, too, have no faith in either them or Wall Street in general.

jpak

(41,706 posts)
15. This is terrible - Obama must fail - he must, he must !!!!1 - there can be no recovery.
Sat Jan 14, 2012, 09:40 AM
Jan 2012

Let us hope the Teabaggers and their allies try to crash the economy (again) by putting the nation into default.

And let's hope the Eurozone crashes - and takes the US with it!!!1111

No recovery for you

yup

Oh yeah - this is sarcasm - I'm sick of the Doomers....

Gormy Cuss

(30,884 posts)
21. It's really a shame that industry couldn't wait until after the election.
Sat Jan 14, 2012, 12:10 PM
Jan 2012

It's gonna look like Obama's doing something right.

Of course, I fully expect the GOP candidates to credit the Republicans in Congress for saving us from the administration.

Hotler

(11,209 posts)
16. Now that people have been hurting for the past 4-yrs.
Sat Jan 14, 2012, 10:05 AM
Jan 2012

The corporations can bring people back for crap wages. I see jobs for certified welders for $10.00 an hour. I was welding for $10.00 an hour back in 1974. Meanwhile CEO wages have gone through the roof.

OrwellwasRight

(5,170 posts)
22. Yup. There is a smaller share of the GDP going to wages today
Sat Jan 14, 2012, 01:22 PM
Jan 2012

than any time in our history. "Labor" is just another input to squeeze.

whathehell

(28,871 posts)
28. These companies are unionized, are they not?.
Sat Jan 14, 2012, 05:05 PM
Jan 2012

I'm not a friend of crap wages -- believe me -- I voted for Nader in '96

because Clinton was doing nothing on wage stagnation.

Art_from_Ark

(27,247 posts)
37. It might depend on what state you're in
Sun Jan 15, 2012, 02:26 AM
Jan 2012

In Arkansas, at least, most companies that hire welders are not unionized.

ThomThom

(1,486 posts)
17. I guess they finally decided it was time to make some money
Sat Jan 14, 2012, 10:27 AM
Jan 2012

and stop sitting on it. They see that rethugs are not going to win and Obama is not that bad.

EC

(12,287 posts)
19. Maybe after seeing what the repubs were offering
Sat Jan 14, 2012, 11:41 AM
Jan 2012

they figured to get on the Obama bandwagon and get the economy going so he'll get reelected. Maybe the repubs scared them.

sendero

(28,552 posts)
29. Yea!
Sat Jan 14, 2012, 05:12 PM
Jan 2012

The "recovery" is here for the first out of 5 times.

Before getting excited, I'd look at the raw numbers. There is nothing to get excited about.

 

cascadiance

(19,537 posts)
30. I just had two interviews the last three days of this last week and one on Monday...
Sat Jan 14, 2012, 07:29 PM
Jan 2012

Each with separate companies. The most action I've ever had at the same time.

Though all of them are for contract jobs. So I'm guessing a lot of this ramp up is going to be trying to staff up with more contractors to catch up on the work that's been building up over the last year or so with smaller staffs. Would be interesting to see the breakdown of how much of these hires are contractors vs. permanent employees.

Still contract jobs are better than nothing. Hopefully we can get single payer health care coverage soon and the necessary state wavers to get them going in states that want them soon to make up for the big hole of health coverage that many of these contractor positions will have.

Beartracks

(12,704 posts)
34. But Rush sez zero job growth is one of Obama's Achilles' heels!
Sat Jan 14, 2012, 11:34 PM
Jan 2012

How weird is THAT, eh?

Wait, you don't... You don't mean that he's... that he's... LYING... do you?

===================================

Honeycombe8

(37,648 posts)
35. This is great news. I feel like I've had a drink of water after a long dry spell.
Sun Jan 15, 2012, 12:54 AM
Jan 2012

Oh, and...cute doggie!

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