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Manufacturing, which accounts for 10.3% of the economy, continues to tread water in the aftermath of the U.S. central bank's aggressive monetary policy tightening between March 2020 and July 2023.
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America's manufacturing sector is poised for a rebound in 2025, according to Bank of America. That's bullish for the S&P 500, which derives a high percentage of earnings from the sector.
The U.S. manufacturing industry employed 12.35 million people in December 2016 and 12.56 million in December 2017, an increase of 207,000 or 1.7%. [3] Historically, manufacturing has provided relatively well-paid blue-collar jobs, although this has been affected by globalization and automation.
The COVID-19 pandemic led to a sharp increase in the use of telemedical services in the United States, specifically for COVID-19 screening and triage. [ 97 ] [ 98 ] As of March 29, 2020 [update] , three companies offered free telemedical screenings for COVID-19 in the United States: K Health (routed through an AI chatbot ), Ro (routed through ...
The Census Bureau releases sector-by-sector statistics on the number of establishments, total business activity, annual payroll, and number of paid employees. A standardized classification of the economy into sectors makes it possible to compare census results over time.
The US manufacturing renaissance is coming up against the practical challenge of finding enough workers to make it happen. America's manufacturing boom is facing a labor crunch [Video] Skip to ...
The damage the COVID-19 pandemic brought to the meatpacking industry was unexpected and resulted in a sharp reduction of meat processing and capacity reduction of meatpacking companies. [2] By September 13, 2020, at least 42,534 workers at meatpacking plants had contracted the coronavirus, and at least 203 had died.