Automotive Industry Recruitment Firms Still Outpacing Other Service sectors
The term “industrials” refers to a wide range of businesses, including manufacturing, commercial, agricultural, construction, and transportation. In terms of its overall scope, the industry includes many businesses that offer both commercial and industrial equipment and services, utilities, and manufacturing processes. In addition, the industry has a wide array of potential clients and end customers, which includes producers, consumers, suppliers, and service providers. Many industrial firms are international in scope, with factories located in Canada, Japan, Mexico, China, Taiwan, Germany, South Africa, India, and many other countries.
Many economists believe the value of the United States economy lies in the knowledge and technology that fuels the American business. Accordingly, as technology becomes more developed, many American firms are able to produce goods and services that are more competitive in the global markets. For example, while many Asian countries rely on heavy machinery and goods to build real estate, the United States has long since matched these countries in the production of information technology infrastructure and has enjoyed an economic advantage because of this dependence. Likewise, while Japan and China have been lagging behind in the production of semiconductors for computer chips, the United States has long since been a world leader in semiconductor production. Indeed, while the recent global recession hurt the American economy, the same cannot be said for the industrial sector of the American economy-and by extension, the American stock market.
As the manufacturing base of the economy continues to expand, the number of jobs available will continue to grow. This means that there will be more demand for skilled workers, as well as a corresponding increase in salaries. Meanwhile, as more companies seek to outsource work to other countries (such as Mexico and China) or expand into new areas (such as health care), there will be a continual increase in the number of jobs in the IT and business services sectors, creating a great number of openings both in the United States and abroad. Ultimately, if the IT and business services industries don’t do a better job of promoting their own revenue, they will lose business revenue, as well as hinder the ability of the private sector to create jobs. The recent economic slowdown was not a one-time occurrence-it was a sign of things to come.