• Hello Customer - Log in or Register!
Date: 2013-08-01

US Manufacturing to Lose 65,000 Jobs in 2010

The US manufacturing sector lost 1.96 million jobs over a 19-month period ended July 2009.

The US manufacturing sector lost 1.96 million jobs over a 19-month period ended July 2009, another 65,000 losses is forecast through 2010 due to downturns in consumer durable purchases and housing, according to the National Association of Manufacturers' annual Labor Day report.

However, NAM expects production will increase by 6.4% in 2011 and 2012, leading to an employment increase of 399,000 and 426,000 respectively.
NAM forecasts 89,000 manufacturing jobs will be created in 2013.

The industries with the greatest prospects for growth include machinery, fabricated metals, aerospace and other transportation, food and
beverage products and chemicals, where employment is expected to exceed pre-recession levels.

The machinery and fabricated metals industries will recover job losses incurred in the 2007-2010 period by 2014. NAM predicts employment will increase by 12% between 2010 and 2014 in these five industries, which accounted for half of the manufacturing output in 2008.

Meanwhile, the computer and electronics sectors are expected to see employment declines exceeding 347,000 between 2007 and 2010, with an
additional 201,000 job losses in the 2010-2014 period. The projected declines are attributed to an average 12.5% year-over-year increase in
productivity over the past decade and a half.

NAM points out in the report that the outlook doesn't take into consideration legislative issues, including health-care reform, energy,
taxes and regulations.


Previous: Canadian Manufacturer Grows with Green Bearing Solutions Protecting the Oceans and Seas
Next: SKF Clients Stop Using Inventory, Signaling Rebound

Hot Products:
Product Model Inside Diameter Outside Diameter Thickness
7411DB KOYO 55 140 66
7311CDB KOYO 55 120 58
【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.