Manufacturing Jobs On the RisePublished: Tuesday, July 18, 2017 3:00 pm By: Grant Hermes Source: News 9
OKLAHOMA CITY - For the first time in more than two years Oklahoma manufacturers have something to be happy about. A report from the Federal Reserve Bank says business is on the rise. But, those companies are far from where they were 30 years ago. It seems new growth isn't coming without growing pains.
At Flex-Ability Concepts on Oklahoma City's southwest side, the sounds of business echo. The feeling of vibrations from machines stamping or grinding away has been joined by another - a sense that business is booming.
“There's an optimism that I've not experienced with my fellow manufacturers in the last couple of years,” said Davie Younge, who works at Progressive Stamping.
According to a new report from the Federal Reserve, manufacturing is back on the rise with growth in all areas, including employment, which hit its highest number since December of 2014.
“I asked the question, how many of you are better than you were a year ago and every hand went up,” said Younge.
As an industry, manufacturing makes up nine percent of the entire economy. But, when the state's largest industry, oil and gas production, took a hit in early 2015, so did manufacturing.