Job Market Monitor
Manufacturing Jobs
Manufacturing Jobs in US – About where they were in October 1941
The big picture: There were 12.8 million manufacturing jobs as of October, up from the 11.4 million in March 2010, the nadir of the financial crash, according to the St. Louis Fed. But they are still a shadow of their modern 19.4 million-job peak in 1979, and right about where they were in October 1941, … Continue reading
Manufacturing in Europe – Old jobs with new tasks increasingly driven by automation
The importance of physical tasks in manufacturing is generally declining due to automation; with more intensive use of digitally controlled equipment, and the increasing importance of quality standards, resulting in a growing amount of intellectual tasks for manual industrial workers. The New tasks in old jobs: Driver of change and implications for job quality publication from the Future … Continue reading
The Declining Share of Manufacturing Jobs – The goal of supporting equitable growth would be better served by policy efforts to raise productivity across all sectors
The declining share of manufacturing jobs in overall employment has been a concern for policymakers and the broader public alike in both advanced economies and some developing economies. This concern stems from the widely held belief that manufacturing plays a unique role as a catalyst for productivity growth and income convergence and a source of … Continue reading
Census 2016 in Australia – Manufacturing jobs drop 24% in five years
The number of manufacturing workers in Australia has fallen 24% over the five years to 2016, new data from the census shows. Days after the last Australian-made car rolled off the production line in Adelaide, the new data shows Australia’s manufacturing industry as a whole has seen its workforce decline from 902,829 in 2011 to … Continue reading
Globalization in Germany – A stabilizing effect on manufacturing jobs
Unlike in the case of the US, rising trade with emerging low-wage countries did not speed up the decline of manufacturing in Germany. Trade, in fact, slowed it down because the rising exports to these new markets worked to stabilize industry jobs, which might have otherwise been replaced by service jobs. A new IZA Discussion Paper by Wolfgang … Continue reading
Manufacturing Jobs in US – About 157,000 U.S. workers quit in October, the highest level in more than eight years
About 157,000 U.S. workers quit a manufacturing job in October, the highest level in more than eight years and a reminder of the massive churn across the labor market. Falling factory employment has been running theme of 2016, and President-elect Donald Trump has made those jobs a priority. Underneath the long-term slide in employment is a more dynamic … Continue reading
Manufacturing Jobs in US / The debate
In 1953 manufacturing accounted for 28 percent of U.S. gross domestic product, according to the U.S. Bureau of Economic Analysis. By 1980 that had dropped to 20 percent, and it reached 12 percent in 2012. Over that time, U.S. GDP increased from $2.6 trillion to $15.5 trillion, which means that absolute manufacturing output more than tripled in 60 years. Those … Continue reading
Italy / Factory jobs ‘disappearing overnight’
Italy is haemorrhaging manufacturing jobs. Since 2007, 55,000 manufacturing firms have folded, taking more than half a million jobs with them. Weak demand at home and high labour costs are not the only factors prompting Italian companies to move to eastern Europe. Carlo Carnevale Maffe, professor of business strategy at Milan’s Bocconi University, blames a … Continue reading
US / 5 myths about manufacturing jobs
In his State of the Union address Tuesday, President Obama said that creating manufacturing jobs is the nation’s “first priority.” To some, this may sound like a throwback to a long-lost era; after all, such jobs are being eliminated, outsourced or automated, right? Not really. The United States remains a world leader in manufacturing, and … Continue reading
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