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Support U.S Manufacturing

Contrary to what many people lament and what the news media broadcasts, U.S manufacturing is not dying. While it is true that U.S manufacturing has lost a lot of ground to China and other countries like Japan, Germany, and South Korea over the past several decades, there is still a lot of growth going on in the American manufacturing sector. To give you an idea of what this means in economic data, here are a few figures.

In 2011, U.S manufacturing generates $1.8 trillion in GDP and led the nation in exports. $1.3 trillion in goods shipped abroad made up some 86% of all goods shipped in 2011. This also translates into jobs. In 2011, the manufacturing sector of the U.S economy employed 11.8 million people and was responsible for an additional 7 million jobs in other job sectors dependent on manufacturing. This made up a total of 9% of nationwide employment. It also accounts for 12% of GDP and 69% of private R&D spending. Though not as strong as it once was, U.S manufacturing is quickly making a comeback.

American Manufacturing Resurgence

On way in which the manufacturing sector thrives is by driving employment in other sectors through job creation in the service sector to distribute, repair, and sell manufactured wares. 1.6 new local service business jobs are created for every 1 manufacturing job. Since 2009, U.S manufacturing companies have added some 500,000 workers, and in 2012 alone, 139,000 jobs were added. This, of course, could be better but it is a significant step forward in the aftermath of the financial crisis and recession. The U.S even remains the largest producer of advanced technological products even with the stiff competition from other nations.

The U.S has lost a significant number of these jobs in the past 13 years, but the market for advanced technologies and rising labor costs in developing nations can mean the U.S could continue to grow in this manufacturing and, consequently, create even more jobs. The U.S enjoys a strong history of manufacturing dominance in textiles, automotive, and now technology. With a growing demand for high value added goods and increasing awareness in the necessity to bring jobs back to U.S soil, manufacturing in the U.S is gradually making a resurgence and more higher paying jobs are sure to be created in the years to come, so do what you can to support U.S manufacturing.

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