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After Nearly A Decade Of Declines, Manufacturing Jobs Begin Rebound

Thursday, 27 September 2012 09:12 By Travis Waldron, ThinkProgress | Report

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."

092712-graph

Obama took over at a time when manufacturing was at one of its lowest historical points, and the decline continued through the early part of his term thanks to the recession. The rebound, however, began with manufacturing production, which turned around in the wake of the stimulus package passed in the opening months of Obama's term, and jobs began to follow. The automobile industry has also shown sustained job growth, making manufacturing one of the most positive sectors in the nation's economic recovery.

Originally published on ThinkProgress

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After Nearly A Decade Of Declines, Manufacturing Jobs Begin Rebound

Thursday, 27 September 2012 09:12 By Travis Waldron, ThinkProgress | Report

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."

092712-graph

Obama took over at a time when manufacturing was at one of its lowest historical points, and the decline continued through the early part of his term thanks to the recession. The rebound, however, began with manufacturing production, which turned around in the wake of the stimulus package passed in the opening months of Obama's term, and jobs began to follow. The automobile industry has also shown sustained job growth, making manufacturing one of the most positive sectors in the nation's economic recovery.

Originally published on ThinkProgress

Hide Comments

blog comments powered by Disqus