Manufacturing poised for promising future, Northeastern University study says


By Jay Fitzgerald | | September 13, 2012

After decades of losing factory and assembly line jobs, manufacturing is poised for a promising future in Massachusetts, thanks to corporate investments in cutting-edge technologies and skilled workers who are churning out high-end products faster and cheaper than ever here, a new study says.

Employment in the sector has stabilized since the last recession and production is at its highest level in a decade, according to the study from Northeastern University released Thursday. Overall, manufacturing employment in the state is still expected to decrease, largely due to automation and increased productivity, but the declines will be nowhere near as steep as over the past 20 years.

Even so, some companies within “advanced manufacturing,” the segment of the industry that makes highly sophisticated products for the aerospace, computer, chemical, pharmaceutical, and other sectors, could expand payrolls and global market shares, the report said. Read More

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