Manufacturing is up, and employees are MIA.
For the 12th straight month, manufacturing has grown in the US, according to The Institute for Supply Management. Any reading above 50 indicates manufacturing is expanding, and May marks the 12th consecutive month, with May readings at 61.2 compared to 60.7 in April. At the same time, everywhere you look, companies are hiring and can not find employees. Some may say it’s still because of people being scared of COVID or the additional amount that people are getting on unemployment. Still, whatever the reason, companies are begging to find employees, and the outlook does not look good.
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