(Advertisement)

State’s industrial jobs dip 1% in year

Posted: November 13, 2012 at 9:57 a.m.

Manufacturing employment in Arkansas has dipped 1 percent over the past 12 months, an annual industrial directory has reported.

The 2013 Arkansas Manufacturers Register, published by Evanston, Ill.-based Manufacturers’ News Inc., reported that the state lost 1,930 manufacturing jobs between September 2011 and September of this year.

Since the start of the year, the publisher has reported on 36 states, and 72 percent of those gained manufacturing jobs over the previous year.

Arkansas is home to 3,537 manufacturers employing 194,564 workers, said Manufacturers News, which has been surveying industry for the past 100 years.

Northwest Arkansas accounts for the state’s largest share of industrial employment, with 109,324 manufacturing jobs, a figure that hasn’t significantly changed over the past year, the register said. Springdale is the top city for manufacturing employment, with 13,412 jobs, a 3.2 percent increase over the past year.

Little Rock ranked second in the state with 13,222 jobs, down 1.1 percent from 2011. The closure of a Whirlpool refrigerator plant in third-ranked Fort Smith contributed to a 12 percent decline in that city’s employment to 11,929 industrial jobs, the report said. Employment stayed mostly static in Rogers, while Pine Bluff saw a 5.3 percent decline in manufacturing jobs.

"Arkansas still struggles with decreased demand from the recession, particularly in those sectors influenced by the housing industry such as furniture and lumber," Manufacturers News President Tom Dubin said. "The good news is that Arkansas maintains low business costs, which has helped many existing businesses expand."

Over the year, manufacturers have expanded at companies including Custom Aircraft Cabinets in Sherwood; Firestone Building Products in Prescott; Peco Foods in Newark and Batesville; and ConAgra Foods in Russellville.  

The report said food products remains the state’s largest manufacturing sector, followed by fabricated metal in second; and industry machinery and equipment in third.

Sectors that lost jobs included printing and publishing; electronics; lumber; stone, clay and glass; furniture and fixtures; paper products; and rubbers and plastics. Job gains were seen in chemicals; petroleum products; and primary metals, the report said.

(Advertisement)



« Previous Story

State Medicaid faces 'significant’ cuts in se...

The Arkansas Department of Human Services is preparing for “significant” cuts in services to fill a shortfall of at least $100 million in the state’s Medicaid program. Read »

Next Story »

Petitions to leave union filed from several s...

From states across the country, Americans have filed petitions on the White House website seeking to secede from the union and form new state governments. Read »

It is not surprising when 20% of people employed work for Federal, State and local governments in Arkansas. One in five workers work for the government, are represented by a union that virtually guarantees their tenure, wages, and comparitively lucritive retirements. It is something people in the pirvate sector don't expect or even dream about.

We grow when government consumes around 17-18% of GDP. When it consumes more than that private sector employment suffers. Private industry generates the tangible wealth that funds government. Government is an expense only and does not create wealth in any way.

We can't afford to throw money at government and government programs at the current rate. To do so will continue to cost the private sector jobs that not only fuel the economy, but fund the very government that is the problem.

Any government that goes beyond protecting personal liberties and tries to control the behavior of man and nature and what is natural to all men does a great disservice to the people it is sworn to protect.

Government spending at increasing levels reduces the money available not only for private business growth, but also government programs. The government never runs out of money because it can print as much as it wants. That devalues everything anyone has saved or invested in creating a spiral into an ever deepening pit of debt.

The 70 year cycle beginning with government largess and ending in deep economic collapse and depression is nearing. It took 196 years for government debt to reach one trillion dollars. It took less than 30 years of recent history to send that to over 16 trillion dollars. That is a 1600% increase in a very short time.

It is unsustainable. Debt already exceeds anything the nation is capable of making good on ever. They cannot continue to artificially dictate rediculously low interest rates which is all that is holding things together. It is only a matter of time before that Ponzi scheme crashes. Governments are not immune to economic reality. It is a lesson government fails to learn and repeats every 70-80 years.

There is very little time left. Get ready folks. It's not that bad yet but will get much worse quickly. When it crashes there won't be time to react. It will happen overnight if not in a very few precious days. Place your bets and make your gambles now before it is too late!

If you think government will pull magic rabbit out of the hat and save everyone just remember Katrina and Sandy.

Posted by: jeffieboy

November 23, 2012 at 10:06 a.m. ( | suggest removal )

There comes a time when even Santa runs out of gifts, then those who have been getting presents get mad at Santa. Its called a "run" on banks and stores. No food to buy, no money to buy food. Gangs in the streets, gun shops broken into. Store rice, beans, cans of food, water, lights, wood stove or fireplace, and most important; guns and lots of ammunition. Good neighbor to help watch and share. Shoot first and shoot to kill and you just might survive in your little fort until reconstruction.

Posted by: Moneymyst

November 23, 2012 at 2:20 p.m. ( | suggest removal )