We next consider job losses in a “catch-all” category of miscellaneous nondurable goods as reported by the Bureau of Labor Statistics.[i]
[i] The BLS statistics for this category can be accessed at http://www.bls.gov/webapps/legacy/cesbtab1.htm. The Commerce Department does not report this category as a subsector of the NAICS. However, the BLS statistics includes a significant number of jobs, so we include them in order to provide as comprehensive a picture of manufacturing employment as possible.
Manufacturing of miscellaneous nondurable goods, which employed 353,900 workers at the beginning of 1990, employed an average 236,700 in 2014. The following figure illustrates those job losses:
Employment in this subsector saw a steady decline from 1990 until a flattening in 2005 through 2008, then a sharp decline during the Great Recession to a low of 211,392 jobs in 2010, for a loss of four in ten jobs (40%), some 142,500 jobs in all. There followed a partial recovery of 25,300 (18%) of the lost jobs, to an average of 236,700 jobs in 2014.
Between 1990 and 2014, after a modest recovery, the miscellaneous nondurable goods industries shed one out of every three jobs, for a decline in employment of 33%, 117,200 jobs in all.
GO TO Conclusions.
May 15, 2014, Ontario, CA - MIAA's founder, Jim Stuber, delivered the keynote address at the 20th annual World Trade Conference sponsored by the U.S. Department of Commerce and the California Inland Empire District Export Council in Ontario, California. To view the conference agenda, click here:
May 7, 2015, Radnor, PA. MIAA's founder, Jim Stuber, appeared as the guest of host Richard J. Anthony, Sr. on The Entrepreneur's Network TV at Radnor Studio 21. The program featured a discussion of the problems caused by offshoring manufacturing and white collar jobs and how consmers can solve the problem with their spending decisions.
Studio 21 has made the program available for viewing here: