July orders for autos and auto parts experienced their largest increase in eight years at 11.5%, according to Commerce Department data.
Automakers have also added about 90,000 manufacturing jobs in the past two years, and dealerships have reported increases in sales and hiring.
Precision Machining Shops we talk with are full and the average first shift scheduled for our industry is over 44 hours.
I spoke with a shop last week scheduling 60 hours- one day off a week.
The U.S. auto industry employs about 1.7 million workers and supports an additional 6.3 million private-sector jobs, according to the Center for Automotive Research in Ann Arbor, Mich. The center said those positions represent more than $500 billion in annual compensation. [p]
The Precision Machining Industry typically reports 25% of its shipments as “automotive.” There are 3,296 companies and just under 100,000 employees in our NAICS code 332721.