Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

DonViejo

(60,536 posts)
Wed Sep 26, 2012, 05:31 PM Sep 2012

After Nearly A Decade Of Declines, Manufacturing Jobs Begin Rebound

After nearly a decade of steep declines, American manufacturing jobs have begun to rebound since the beginning of the Obama administration, as the slide that occurred under President George W. Bush and during the Great Recession has largely been reversed.

Manufacturing slumped in the first year of the Obama administration as the nation dealt with the effects of the recession, but since then, manufacturing has posted job gains in all but three months since February 2010, as Bloomberg Government reports:

The BGOV Barometer shows U.S. factory positions have grown since early 2010, arresting a slide that began toward the end of the 1990s. It’s the best showing since the era of Bill Clinton, the only president in the last 30 years to leave office with more factory jobs than when he began.

“The gain in manufacturing jobs is certainly helpful, it is one way to show we’re moving forward,” said Terry Madonna, a political science professor and director of the Franklin & Marshall College poll in Lancaster, Pennsylvania. “President Obama has to create a psychology all over the country that things are getting better. This is a piece explaining that idea.”


More:
http://thinkprogress.org/economy/2012/09/26/916041/after-nearly-a-decade-of-declines-manufacturing-jobs-rebound-under-obama/
1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
After Nearly A Decade Of Declines, Manufacturing Jobs Begin Rebound (Original Post) DonViejo Sep 2012 OP
Keep an eye on this.... Jeff In Milwaukee Sep 2012 #1

Jeff In Milwaukee

(13,992 posts)
1. Keep an eye on this....
Wed Sep 26, 2012, 05:47 PM
Sep 2012

Wages are skyrocketing in the Far East (still low by our standards, but astronomical compared to just a few years ago).
There's political instability and a lack of sound management practices.
The cost of transporting goods across the Pacific is getting steeper every day.

Domestic manufacturing could begin to see a significant comback over the next decade.

Latest Discussions»Retired Forums»2016 Postmortem»After Nearly A Decade Of ...