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A graph of manufacturing employment rates in the United States between 1920 and 1940. Data was obtained from the U.S. Census Bureau Statistical Abstracts and converted into SVG format by me. The relevant information is in this PDF document, page 17, column 130. Date: 21 January 2008: Source: Own work: Author: Crotalus horridus: Permission ...
Figure 1-Job measures: The blue line (left axis) is the ratio of manufacturing jobs to the total number of non-farm payroll jobs. It has declined since the 1960s as manufacturing jobs fell and services expanded. The red line (right axis) is the number of manufacturing jobs (000s), which had fallen by nearly one-third since the late 1990s. [14]
While the steepest manufacturing job losses under Trump occurred during the pandemic, the losses did start before the pandemic; the economy experienced a net loss of 48,000 manufacturing jobs over ...
The data suggests manufacturing jobs are in a permanent decline. Even so, we're now Gone are the days you could graduate high school, get a job at a local factory, and have a job for life.
[20] It is estimated that 8500 manufacturing jobs are supported by every $1 billion in US exports. [13] Because $12 billion of average annual gains in exports were created by expansion of North American trade, more than 100,000 additional US jobs were created, but this measure does not account for jobs lost due to rising imports. [13]
The chart of the day. ... The US manufacturing sector is in a slump. Or worse. At least that is what the story emerging from two key pieces of data out Monday seem to say.
The CBPP wrote in January 2013: "[December 2012] is the 34th straight month of private-sector job creation, with payrolls growing by 5.3 million jobs (a pace of 157,000 jobs a month) since February 2010; total nonfarm employment (private plus government jobs) has grown by 4.8 million jobs over the same period, or 141,000 a month.
The economy then immediately resumed adding manufacturing jobs, adding them each month from May to December 2020 before a small loss in January 2021. But those gains were not enough to make up for ...