Original article about manufacturing jobs posted at cnbc.com
- Over the past year through July, U.S. manufacturing added 327,000 jobs, the most of any 12-month period since April 1995, when the figure added a healthy 345,000 positions.
- U.S. manufacturers produced about $6 trillion in gross output in 2017, according to the Bureau of Economic Analysis.
- Still, the sector represented 11.6 percent of U.S. GDP in 2017, down from 12.3 percent in 2011 and 28.1 percent in 1953.
Daniel Acker | Bloomberg | Getty Images – An employee polishes hammers at the Vaughan & Bushnell Manufacturing facility in Bushnell, Illinois.
The U.S. government reported that the manufacturing sector added 37,000 jobs during July, pushing the industry to the best annual job gain in more than 20 years.
Over the past year through July, U.S. manufacturing added 327,000 jobs, the most of any 12-month period since April 1995.
The sector received a boost from President Donald Trump’s corporate tax cut and a lift in overall economic activity.
“With 157,000 jobs created in July, including 37,000 in manufacturing, this report shows tax reform and regulatory relief are continuing to deliver for America’s manufacturing workers,” Carolyn Lee, executive director of the National Association of Manufacturers’ Manufacturing Institute, said in an emailed statement.
“Congress and the administration have taken important steps in recent weeks to tackle this challenge, but this jobs report is a reminder that more work needs to be done through partnerships with the private sector to solve the workforce crisis facing manufacturing in the United States,” she added.
Indeed, economic data shows that U.S. manufacturers are producing near record levels.
Last year, U.S. manufacturers produced about $6 trillion in gross output, according to the Bureau of Economic Analysis. The biggest categories were food, beverages and tobacco products ($1 trillion), chemical products ($837 billion) and motor vehicles and parts ($701 billion).
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