New Orleans Welcomes Management Update Conference 2022
PMPA members began arriving in New Orleans on Wednesday – the weather is beautiful, the hotel looks great, and the anticipation for another great PMPA Conference is in the air.
We welcome 118 attendees from 60 companies, including 27 first time attendees, all to hear from top industry speakers on how to attract, hire and retain employees.
Manufacturing Positivity
Labor Force Participation Rate Rises to 62.2%
Its highest level since March 2020 – pre COVID-19. Among the details- Manufacturing Employment rose by 13,000 in January, non-farm payrolls increased by 467,000 beating consensus. Average Hourly earnings for production workers in manufacturing rose 5.2% year over year in January.
Job Openings and Labor Turnover December 2021
According to the latest release of the JOLTS report, For the ninth month in a row, Job openings in manufacturing exceeded 800,000 at 856,000.
Productivity Increased 6.6% in Fourth Quarter 2021
BLS Productivity and Costs Preliminary Averages were released with non-farm business sector labor productivity rising 6.6 percent, as output increased 9.2 percent and hours worked increased 2.4 percent, on a seasonally adjusted basis. Unit labor costs in the non farm sector increased 0.3 percent in the fourth quarter. Over the last four quarters, unit labor costs increased 3.1 percent.
PMPA pages in February’s Production Machining Magazine include:
5-S: Ask a Tool Maker by Miles Free III
A New Year Resolution for your Business by Carli Kistler-Miller
Market Insight by Joe Jackson
Craftsman’s Cribsheet: Advantages of CNC Machining by W.H. Bagshaw Co.
Upcoming Events
Feb 17 – 2PM (EST) – Verifyle Pro and Its Practical Uses For Security-Conscious PMPA Members Hosted by Verifyle Pro REGISTER TODAY!
Feb 22 – 11AM (EST) – Technical Tuesday Webinar
Driving Improvements with Data: How a PMPA Member Saved 1.4M in 11 Months
In this 30-minute session, you’ll learn how they used utilization and downtime data to drive improvement projects, best practices for operator adoption and get a sneak peak of the Amper system. Hosted by Amper Technologies REGISTER TODAY!
Feb 22 – 11AM (EST) – Critical Cleaning of Cannibis Hosted by Manufacturing Cleaning Association REGISTER TODAY!
Critically clean processing equipment, whether it be labware, glassware, instrumentation, or processing and extraction equipment, is vital. The potency, purity and quality, essential characteristics of any drug, rely on critically clean surfaces. Cannabis is no different, and in fact, likely more difficult than traditional drug manufacturing.
SAVE THE DATE! PMPA NATIONAL TECHNICAL CONFERENCE 2022
May 1 – 3, 2022
The Pfister Hotel – Milwaukee, Wisconsin
