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Reply #5: It's hardly news at all...it's a blip...1.6% increase based on... [View All]

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rfranklin Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-27-10 12:22 PM
Response to Reply #4
5. It's hardly news at all...it's a blip...1.6% increase based on...
the current reduced numbers of manufacturing jobs. It is not 1.6% of the number of manufacturing jobs in 1998.

http://www.usatoday.com/money/economy/2002-12-12-manufa...

"Fifty years ago, a third of U.S. employees worked in factories, making everything from clothing to lipstick to cars. Today, a little more than one-tenth of the nation's 131 million workers are employed by manufacturing firms. Four-fifths are in services.

The decline in manufacturing jobs has swiftly accelerated since the beginning of 2000. Since then, more than 1.9 million factory jobs have been cut about 10% of the sector's workforce. During the same period, the number of jobs outside manufacturing has risen close to 2%."

http://www.cbo.gov/doc.cfm?index=5078&type=0

"The manufacturing sector of the U.S. economy has experienced substantial job losses over the past several years. In January 2004, the number of such jobs stood at 14.3 million, down by 3.0 million jobs, or 17.5 percent, since July 2000 and about 5.2 million since the historical peak in 1979. Employment in manufacturing was its lowest since July 1950"

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