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Monday, December 5, 2011

Auto industry to add back 30,000 jobs

Observation:  Over the next few years, it is projected that the automotive manufacturing industry will regain a significant number of workers that were shed during the recession of 2007-2009, according to this story from the Detroit Free Press (click to link).

Implications:   Just as consumers have been reconciling their spending to a new set of economic realities, companies and even entire industries have been reconciling their operating costs.  The auto industry, among others, has succeeded in overhauling union contracts and other employment agreements… leading to lower employment costs.

Mike Anderson, for the Elm Street Economics consumer trends blog. A service of The Center for Sales Strategy, Inc.

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