We next consider job losses in the miscellaneous durable goods subsector (NAICS 339). In this aptly named miscellaneous category, we find surgical, medical and dental instruments, equipment, and supplies, as well as a potpourri of miscellaneous durable goods that calls to mind the breadth and diversity of the manufacturing sector of the economy. While some of the categories may seem trivial, they are capable of supporting whole industries and chains of big box stores. Product categories include: sporting and athletic equipment; dolls, toys and games; office supplies (excluding paper); eyeglass frames and lenses and contact lenses; jewelry and silverware; musical instruments; and mirror and picture frames and framed pictures.
Manufacturing facilities in this subsector, which employed 688,000 workers in September of 1990, employed an average 582,667 in 2014. The following figure and table illustrate those job losses:
After a slight dip following the 1990-91 recession, we see a steady increase through the economic expansion of the 1990s, to a peak of 728,208 jobs in 2000. Following is a strong fall-off beginning after 2000, coincident with the 2001 recession and the granting of permanent most favored nation status and WTO membership to China. After a further shallow decline from 2003 through 2008, the rate of loss accelerates through the Great Recession, to a low of 570,000 jobs in 2010. Since the low of 2010, employment has seen a recovery of 16,000 (10%) of the 161,400 jobs lost since 2000, to an average of 582,667 jobs in 2014.
Between 2000 and 2014, the industries in the nonmetallic mineral product manufacturing subsector[i] shed one out of every five jobs, a 15% decline in employment, over 145,000 jobs in all.
GO TO Group 6.
[i] Industries in the Miscellaneous Manufacturing subsector make a wide range of products that cannot readily be classified in specific NAICS subsectors in manufacturing. Processes used by these establishments vary significantly, both among and within industries. For example, a variety of manufacturing processes are used in manufacturing sporting and athletic goods that include products such as tennis racquets and golf balls. The processes for these products differ from each other, and the processes differ significantly from the fabrication processes used in making dolls or toys, the melting and shaping of precious metals to make jewelry, and the bending, forming, and assembly used in making medical products. The miscellaneous manufacturing subsector consists of these industry groups: Medical Equipment and Supplies Manufacturing (NAICS 3391), and Other Miscellaneous Manufacturing (NAICS 3399). North American Industry Classification System, published at http://www.bls.gov/iag/tgs/iag339.htm.]
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: