January 6, 2016

According to the latest jobs numbers, manufacturing employment rose by 17,000 but is still down by 45,000 from its year-ago level. The recent run-up in the dollar is likely to be bad news for this sector in 2017. While manufacturing employment has been falling as a share of total employment since the sixties, the sharp plunge in this century was due to the explosion of the trade deficit.

For more, check out the latest Jobs Byte.

Manufacturing Employment Since 1970