Gun and ammo sales reloading jobs
Firearms manufacturers are adding more employees, but the work may only last as long as the current buying spree.
Gun interest has surged after last year's shooting massacres at an Aurora, Colo., movie theater and a Newtown, Conn., elementary school prompted lawmakers to revisit the debate on gun control legislation. And manufacturers are scrambling to pick up as many workers as they can to meet demand. Brian Rafn, who follows the gun industry for Morgan Dempsey Capital Management, told CNN that while the firearms industry employs only about 240,000 people nationwide, it is adding manufacturing capacity in regions where such jobs are scarce.
For companies like Smith and Wesson (SWHC), Sturm, Ruger & Co. (RGR), Colt and others, that means opening new facilities and bringing in more labor in the Northeast, where manufacturing jobs are usually referred to in past tense. In some states that have come down firmly on the “control” side of the gun debate, those same manufacturers are leaving town for more like-minded political landscapes.
In Colorado, for example, high-capacity ammunition magazine manufacturer Magpul threatened to relocate its 200 jobs after Gov. John Hickenlooper signed bills requiring more extensive background checks and limiting magazine capacity to 15 rounds. Even in gun-friendly states, however, it's getting tough to find workers qualified to make the increasingly complex weapons that serious gun collectors are looking for.
According to Reuters and the FBI's National Instant Criminal Background Check System, women and older Americans were the key growth areas when mandatory background checks for firearm sales at U.S. gun stores rose nearly 50% year-over-year in December. That doesn't mean more folks from each demographic were buying guns, however. In 1977, the University of Chicago's nationwide General Social Survey showed that 54% of American households reported owning guns. By 2010, the last time the survey data was compiled, reported gun ownership had fallen to 32%.
The remaining gun owners, if the data is accurate, are simply buying a lot more firearms and have more sophisticated tastes than one-off buyers. Newer weapons are now built with ergonomic frames, triggers with innovative safeties or actions, or side-mounted laser sights. Engineers with skills to create them can pocket more than $100,000 a year, but both they and $60,000-a-year machinists are in demand elsewhere.
Gun manufacturers complain that expanding oil production in the Gulf of Mexico, the Northeast and the Dakotas are draining the talent pool. The other issue is that gun manufacturers are reluctant to offer steady work, preferring contract hires who can be dropped as soon as demand softens. Guns and ammo may be creating jobs in the short-term, but even those booming industries declare a cease-fire every so often.
So ownership has gone from 54% in 77 to 32% to 2010? Yea right. After seeing what fascist politicians like Feinstein are up to, people have learned to keep their mouths shut about what they own.
Older Americans and women are the fastest growing demographic yet ownership is dropping precipitously? Are all MSDNC reporters this brain dead?
Two million background checks a month, factories can't keep up with demand, yet the market is shrinking. BS, there are stories all over the place that report first time buyers are off the charts.
Almost any new gun law that they come up with will hurt honest law abiding citizens. Criminals don't care about laws, that is why they are criminals.
The kid in Conn broke 41 laws in the commission of his crime. He had to walk past a sign that said "GUN FREE ZONE" and he had to break a window to get into the school. Plus it is now coming out that he had been planning this for about 2 years.
Even obuma said that he didn't think that any new laws would have prevented any of the recent gun related crimes.
I served 20 years in the Marines so that some people can say dumb things and what I have been hearing lately makes me wonder if some people are even listening to what they say.
Feinstein bragged about getting her own concealed carry permit and getting trained to use her gun. What about all the security that she is surrounded by. They all have guns and Federal Gun Carry Permits. I bet that I've had more gun training than she has. Guns are just tools. They can't fire without human intervention!
And the nut in New York. He wants to restrict the size of soft drink containers, remove salt from tables and make them cover up cigarettes so you can't see them. And now he is on his high horse about Illegal guns. What is a illegal gun? I had to get a permit to buy almost all of the guns that I have. Is he bored or something. Cars kill more people than guns. Why doesn't he ban cars and trucks and make everybody ride a bus?
I am also against any back ground check that creates a National Gun Registry. Hitler used the gun registry to disarm citizens not friendly to him. And they went to the hall of records in each country that they attacked and used their gun registries to do the same thing.
Weapons are the largest manufacturing section in the US!
The US Gov. and it's contractors are the largest suppliers of weapons to the world - in the world.
Stop New Regulations! Don't give them a monopoly - we will all be subservient to the power!
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[BRIEFING.COM] The stock market ended the Thursday session on an upbeat note with blue chips showing relative strength for the second consecutive day. The Dow Jones Industrial Average (+0.4%) and S&P 500 (+0.3%) settled ahead of the Russell 2000 (+0.2%) and the Nasdaq Composite (+0.1%). It is worth mentioning the benchmark index posted its fourth consecutive gain, registering a new record closing high at 1992.38.
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