[ARCHIVE] Make Your Move

Auto Industry Looks to Accelerate Job Growth

June 13, 2013

The US automotive industry is preparing for growth. You should use the coming year to build and prepare as well.

With US automotive factories now operating at 95% of capacity, carmakers and parts suppliers are in a race to find engineers, technicians, and factory workers. This activity is putting the auto industry on pace to add jobs at about twice the pace of the US economy in general.

The auto industry is also looking to spend millions on equipment and on new facilities, but it will be harder for most firms to hire qualified labor in the months and years to come.

The actions are entirely consistent with what we have been suggesting to clients and audiences across the country. Hiring, training, new equipment, and new facilities all take an enormous amount of time and energy before the benefits are realized.

We suggest that you use 2014 as a building year in preparation for more business, and more challenges, in the years ahead. Waiting will cost you more while also limiting your upside potential.

About the Author

Alan Beaulieu Blog | President

One of the country’s most informed economists, Alan Beaulieu is a principal of the ITR Economics where he serves as President. ITR predicts future economic trends with 94.7% accuracy rate and 60 years of correct calls. In his keynotes, Alan delivers clear, comprehensive action plans and tools for capitalizing on business cycle fluctuations and outperforming your competition--whether the economy is moving up, down, or in a recession.

Since 1990, he has been consulting with companies throughout the US, Europe, and Asia on how to forecast, plan, and increase their profits based on business cycle trend analysis. Alan is also the Senior Economic Advisor to NAW, Contributing Editor for INDUSTRYWEEK, and the Chief Economist for HARDI.

Alan is co-author, along with his brother Brian, of the book MAKE YOUR MOVE, and has written numerous articles on economic analysis. He makes up to 150 appearances each year, and his keynotes and seminars have helped thousands of business owners and executives capitalize on emerging trends.

Prior to joining ITR Economics, Alan was a principal in a steel fabrication company and also in a software development company.