Manufacturing is back in the United States. Ever since the recession eight years ago, the economy, lead by of some of the top manufacturing cities in the U.S., has been on a steady incline. Some cities have boomed, while others have merely limped along. Overall, the state of the U.S. manufacturing economy continues to have a positive outlook.
Where Manufacturing is Booming in the U.S.
According to Forbes’ most recent list of best cities for manufacturing, Houston, Texas tops the list. With a 10 year growth of 20.8%, the city is outpacing many of the other major cities in the U.S. Home to over 6,000 manufacturers and 250,000 skilled workers, Houston is a continually growing hub for many industries.
Overall, cities across the state of Texas outrank many others across the country. In multiple market studies, Texas cities have taken the tops spots in “Large, Midsize and Small Cities with the Most Growth” as well as “The Highest Income, Job and GDP Growth.”
Detroit, one of the most major manufacturing cities in the U.S., and also one of the most affected by the recession, has also seen big gains over the last decade. The city is leading the state in job gains, and is one of the highlights of the booming rust belt. As of the end of 2015, Michigan had regained back over 40% of the jobs it lost during the recession.
Even Ohio is Heading in the Right Direction
We are happy to see that some of the cities in our home state of Ohio are booming, as well. Forbes’ recently called Toledo a “Midwest Hotspot” in a recent analysis of the industry. The city has a seen a 17.4% increase in industrial employment over the past six years.
Overall, the state of Ohio is looking at a 4.9% unemployment rate as of January, 2016, according to the BLS. While this is slightly up from late last year, we are optimistic that manufacturing will continue to return to the state throughout this year.
Check Back for More Manufacturing News
As a manufacturer of precision springs and custom wire forms, we work with many original equipment manufacturers to supply them with the custom made parts that help them achieve success in their products. That’s why we closely follow the many industries that we service.
For more news and analysis of your industry, check back with our blog. To place an order for parts, or to request a quote, contact The Yost Superior Co. today.