Advertisement
Find a Car
Go!

Auto Industry Puts A (Small) Dent In Unemployment


Ford assembly plant

Ford assembly plant

Enlarge Photo

In Montgomery, Alabama, automaker Hyundai recently announced it was hiring 877 new workers. To fill those positions, over 20,000 prospective workers applied.

Last summer, 18,000 people put in for jobs at Ford’s Louisville, Kentucky, plant, where the automaker will begin producing its Escape crossover next month. The total number of available positions? Just 1,800.

Neither of these are worst-case scenarios, either. Last year, according to CNBC, over 41,000 people applied for 1,300 positions with Toyota in Tupelo, Mississippi, and in 2009, some 65,000 put in for 2,700 jobs with Volkswagen in Chattanooga, Tennessee.

While the automakers are proof that there is some job growth in the manufacturing sector, it’s not nearly enough to offset the number of jobs lost in the past five years. According to the Bureau of Labor Statistics, the U.S. unemployment rate has risen from a low of 4.4-percent in April of 2007 to a high of 10-percent in October of 2009.

Since then, the unemployment rate has dropped as low as 8.1 percent in April of 2012, but even that doesn’t paint a picture of the economic climate in America at the moment. Unemployment statistics don’t factor in under-employed workers, or those who’ve simply stopped looking for jobs.

Manufacturing jobs with automakers are particularly desirable, as they tend to pay a living wage and offer benefits such as healthcare and retirement or investment plans. Since plants are often located in economically depressed areas, finding motivated workers isn’t the problem; sorting through the influx of applications is.

Many automakers with U.S. plants are bullish on growth over the next three to five years, which bodes well for those living near plants and looking for work. For many Americans, hope is no longer the thing with feathers; instead, hope is the thing that gets them out of bed in the morning, believing that today will bring them one step closer to a paycheck.

Posted in:
Advertisement
 
Follow Us

People Who Read This Article Also Read

 

Have an opinion?

  • Posting indicates you have read this site's Privacy Policy and Terms of Use
  • Notify me when there are more comments
Comments (8)
  1. Silly newspaper... The ESCAPE is being built at LAP- not the EDGE !!!!
     
    Post Reply
    +1
    Bad stuff?

     
  2. @bsmith82, thanks for catching that - it's now corrected in my article.
     
    Post Reply
    Vote
    Bad stuff?

  3. Why are we celebrating this as good news? I thought the automobile was responsible of all the ills facing us like the so called "Global Warming Crisis, over crowded road ways etc.? Should we not be looking at ways to close all automobile manufacturing plants?
    PS Playing the devils advocate here :-)
     
    Post Reply
    -1
    Bad stuff?

     
  4. @Matt, because at this stage, any positive job news is a good thing. The actual unemployment / underemployment picture in this country is borderline horrific, and much, much worse than you see in the news.
     
    Post Reply
    Vote
    Bad stuff?

     
  5. Kurt.......did you also not read my entire post that I was playing the devils advocate?
     
    Post Reply
    Vote
    Bad stuff?

  6. Close all automobile plants? Itd be interesting to see those hypothetical newly laid off people take others' jobs. You probably not worried, since it takes virtually no skills to be any military and there's never lay off. Not dissing everyone in military, but we actually work in the automotive industry. Military is responsible for many ills facing us like the so called "too much taxes" What do they really do, any way? Get paid to workout? Aint nobody paying me unless I do the work. Fuss and cry when FINALLY called to fight for our country? We dont cry when we work everyday. and we actually make money and bring money from overseas. Automotive is one of the few industries that actually make us economically strong.
     
    Post Reply
    -1
    Bad stuff?

     
  7. "it takes virtually no skills to be any military"

    Ya just showed your ignorance.
    It's also quite evident that you did not read my entire post that I was playing the devils advocate in my original statement.
     
    Post Reply
    Vote
    Bad stuff?

  8. Locally we just learned Dana is closing its plant in Longview which will layoff 200 workers. This coincides with the closing of the GM truck plant in Shreveport where many more will be terminated.
     
    Post Reply
    Vote
    Bad stuff?

 

Have an opinion? Join the conversation!

Advertisement
Advertisement
Try My Showroom
Save cars, write notes, and comparison shop with hi-res photos.
Add your first car
Take Us With You!
   
Advertisement

 
© 2014 The Car Connection. All Rights Reserved. The Car Connection is published by High Gear Media. Stock photography by izmo, Inc. Send us feedback.