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March 18, 2022                         Vol 26  Issue #11    |   News   |   Events |   Weekly Archives   |   M&E Exchange

May 1-3, 2022     
The Pfister Hotel | Milwaukee, WI

Register Today!
Don’t miss the biggest Technical Conference
for Precision Machining!

NTC Keynote Speaker Jeff Havens

Jeff Havens is not your typical keynote speaker. By combining meaningful business insight with the entertainment value of a comedy show, Jeff promises to help improve your business without boring you to death. Jeff has spoken to over 1,000 businesses across North America and Asia and provides serious solutions in a seriously funny way.


There are four distinct generations operating side-by-side in today’s working world. There are differences between those four generations, and if you’ve ever been frustrated by how impossible it seems to employ four different strategies to manage four distinct generations and if you’ve ever felt like you’re the only one who’s being asked to make any changes, then Us vs.Them is exactly what you need.

In this humorous presentation, you’ll learn a simpler way of looking at your own generational picture, and you’ll also learn how to understand, recognize, and resolve every generational issue facing today’s workforce. You will walk away with all of the knowledge you’ll need to address 100% of the generational issues you’ll face for the rest of your career. 

So, get ready to laugh more and learn more than you ever thought possible. Because improving your generational issues doesn’t have to be boring.

Tech Conference Hotel Reservations
Deadline is Approaching!

Make sure you have a room at the Pfister Hotel for the information-packed National Technical Conference in Milwaukee, Wisconsin, May 1-3, 2022. 



Thank You NTC Sponsors!

Our thanks to the following sponsors to the 2022 National Technical Conference

INDEX Corporation  Welcome Reception
SMW Autoblok  Keynote Lunch
Absolute Machine Tools  Awards Lunch
Peterson Tool Company  Backpack
Hexagon – Hotel Key Cards

Global Shop Solutions
Henning Industrial Software
iSwiss Tools Corporation
Swiss Steel USA
Tornos Technologies
Wieland Chase

Hangsterfer’s Laboratories, Inc.


Sponsorships Available for NTC 2022

Looking to show your PMPA support while promoting your brand?  Be a conference sponsor for NTC.  Several sponsorship opportunities are still available:


Register for PMPA Chapter Events!!

Be sure to register for these PMPA social events –
the first in-person events in two years!   

March 22 – 5:30 pm
Cleveland, OH

March 23 – 5:30 pm 
Bolingbrook, IL

March 24 – 5:00 pm
Waukesha, WI

March 29 – 5:30 pm
Grand Rapids, MI

March 30 – 5:30 pm
Ferndale, MI


Southwest Florida Chapter Gathers

PMPA members and retirees gathered for the first time in Fort Myers, Florida, earlier this month.  John and Ginny Detterbeck (Lester Detterbeck Enterprises Ltd.) hosted the event at their home in Estero.  It was great getting everyone together again – 24 attendees, which included eight Past Presidents of the PMPA!

If you would like to be part of the Southwest Florida Chapter email list, please contact Renee Merker at PMPA.  

Mike Reader (2018), Victor DaCruz (2019), Jim Hemingway (2007), Tad Korndoerfer (2003), Pete Rosenkrands (2002), Tom Halladay (2020), Darlene Miller (2013), Rich Hoster (2011)

Economic Updates

Job Openings

  • Latest JOLTS report shows there were 855,000 job openings in manufacturing in January. The number of jobs available continues to exceed pre-pandemic levels. Over the past 10 months, job openings in the sector have averaged 873,000, including the record 943,000 in July.
  • Total quits in the manufacturing sector rose from 322,000 in December to 331,000 in January, a new record. That is approximately 2.6% of the manufacturing workforce.
  • JOLTS Link:

New York Fed Manufacturing Survey
“Business activity declined in New York State for the first time since early in the pandemic, according to firms responding to the March 2022 Empire State Manufacturing Survey. The headline general business conditions index fell fifteen points to -11.8, its lowest level since May 2020. New orders and shipments declined modestly, while unfilled orders increased. Delivery times continued to lengthen substantially, and inventories expanded.”
Link to NYFED Survey:
FOMC Monetary Policy Statement
The most important rate in the world is the cost of money.
“The federal funds rate is the FOMC’s main policy rate. Changes in the federal funds rate trigger changes in other short- and medium-term interest rates, the foreign exchange value of the U.S. dollar, and other asset prices that influence households’ and businesses’ spending and investment decisions.”- Chicago Fed
Today, the FOMC announced “The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With appropriate firming in the stance of monetary policy, the Committee expects inflation to return to its 2 percent objective and the labor market to remain strong. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 1/4 to 1/2 percent and anticipates that ongoing increases in the target range will be appropriate. In addition, the Committee expects to begin reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities at a coming meeting.”
Chairman Powell had already preannounced a quarter point hike to Congress. This was no surprise, and disappointing to many who thought that the current round of inflation needs stronger medicine.
With Consumer prices up 0.8% in February  (Food up 1%, Energy up 3.5%, and Gasoline up 6.6%) there is no denying the need to take strong action against inflation.

Producer prices up 0.8% in February- up 10.0% over last 12 months. This is the rate that affects our shops, and will ultimately drive higher the price of goods purchased by the consumers.
One can  use the average of the CPI and the PPI to indicate the current level of inflation across the entire economy. With CPI up 7.9% over the past year, and PPI up 10.0% we are experiencing inflation of 8.95% over the past year.

PPI link:
CPI link:
FOMC Statement Link:
FOMC Projections Link:

This Week’s Speaking of Precision Podcast
Interview with Jeff Ohlemacher, CEO of EMC Precision

PMPA Gold Micrometer Applications
Being Accepted

PMPA is currently accepting applications for the 2022 Gold Micrometer Award.  Bearing the symbol of our Association, the Gold Micrometer is an award presented to those individuals who have reached the milestone of 40 years of career service in the precision machining industry, is an active officer, partner or executive with policy-making responsibility in your company, and has actively served the Association.  

This prestigious award is presented during the Awards Banquet at the PMPA Annual Meeting – to be held October 6-10 at the Loews Ventana Canyon Resort in Tucson, Arizona.  The recipient must be present at the Awards Banquet to accept the award.

A list of past Gold Micrometer Award honorees can be found on the PMPA website: PMPA Gold Micrometer Recipients.  Do you have someone in your organization who fills the requirements set by the Board of Directors?  If so, submit an Application to the PMPA Executive Committee (c/o of Renee Merker at PMPA gro.apmp@rekremr-) by June 1, 2022.   If you have questions regarding the application process, please contact Renee Merker.


PMPA Reminders

MCA Webinar – Fundamentals of Vapor Degreasing

PMPA member Ecoclean will be the presenter in the Manufacturing Cleaning Association‘s webinar on vapor degreasing – March 29 at 11:00 AM.  
PMPA Members can attend for free using the code “PMPA-MCA.”  REGISTER HERE

Production Machining’s Emerging Leaders Award – Deadline to Submit: April 1
Do you know someone under the age of 40 who is making a difference in the precision machined parts industry at large? The emphasis of the award is on leadership and potential leadership, whether it is in the nominee’s company or their involvement in the industry.  SUBMIT ENTRY FORM HERE


PMPA Final Cut of the Week

Be sure to check out PMPA’s Final Cut of the Week video clip, where you will get a snippet of this week’s manufacturing news that you might have missed while you were busy making essential parts!

Find us on Twitter and LinkedIn, and catch archived clips on the website.



APPI Energy     Federated Insurance      Grainger      Mirabel     
 Paperless Parts     PartnerShip       Verifyle

Editor:  Renee Merker – Director, Communications and Events

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6880 West Snowville Rd., Suite 200
Brecksville, OH  44141
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