Scorelogix® Manufacturing Job Security Index™ Decreased 2.6% in August 2008

Scorelogix^® Manufacturing Job Security Index^™ Decreased 2.6% in August 2008

The ScoreLogix® Manufacturing Job Security Index™ decreased by 2.6 percent in August, marking 11 months of decline in the past 13 months. Since August of 2007, the Manufacturing Job Security Index has fallen by more than 37 points, a reduction of 23.5 percent.

All of the US census regions posted lower Manufacturing job security levels in August than in July. The regions which experienced the largest decrease in Manufacturing job security were the East South Central and East North Central regions at 4.5 and 4.1 percent, respectively. The West South Central region recorded the mildest decrease in job security at 1.6 percent.

The downward trend in Manufacturing job security continues, as does the downward trend in the National JSI. Manufacturing remains stronger than average job security across all sectors, in part because a weak dollar promotes increased manufacturing exports, and also because manufacturing remains a key component to the success of many other sectors, and in many ways, continues to serve as the foundation upon which other industries are built.

To obtain further information about Scorelogix’s Job Security Index, or to receive a more in depth analysis of the data provided above, please visit www.scorelogix.com or email Bill Dougherty @ bill.dougherty@scorelogix.com.

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