While there is no real recovery in Workforce Participation Rate at the national level, individuals can create their own personal economic recovery plan through training for a career in precision machining.
In the precision machining industry, we are convinced that the unemployment issue is structural- we have job openings but no qualified applicants.
Here is a graph showing US Labor Participation Rate 2007- 2013.
Meanwhile, the folks who think that it isn’t structural continue to pump trillions into the economy- to no avail.
Advice to job seekers:
If you are comfortable doing high school math, and would like a career where you positively impact someone’s life everyday by making things like human safety critical anti-lock brake or airbag components, medical device components, aerospace, fluid power control, and parts used in other critical technologies, consider a job in precision machining.
Our shops continue to look for talented people to bring their skills to our shops.
A couple of introductory courses to our trade are all that is needed to get the skills needed for an initial hire.
Our latest Business Trends Report for May 2013 shows that 92% of our responding companies felt that employment prospects would be the same or better.
You can find information needed to find a training program at PMPA’s Comprehensive Career Database here.
Want to explore the idea of a career in precision machining? Go to our Careers Page here.
The folks in Washington D.C. continue to shovel money to the markets in hopes of creating recovery. We’ re not optimistic. Hasn’t worked yet, see the graphs above.
But we ARE optimistic that anyone that can do the math can make a strategic decision to get some training and create their own personal recovery with training leading to a job leading to a career in Precision Machining.
Our member companies are looking for people with skills. The want ads around the country show plenty of machinist wanted, CNC machinist wanted, CNC setup operator wanted advertisements.
You can get those skills.
Those skills will get you a job.
Fed assets graph courtesy NAM economist Chad Moutray