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More Manufacturing Job Losses

What does all of this portend for U.S. manufacturing employment?  The Bureau of Labor Statistics has projected employment by industry sector for the ten year period 2012 through 2022.[i]  The projections for the manufacturing sector are for continued decline in every industry. 

You will recall that we previously traced job losses in the manufacturing subsectors from 1990 through 2014.  [See Direct Results – Manufacturing Job Losses.]  Here we present the same graphs, but adding the projections for the year 2022 that resulted from the Bureau of Labor Statistics study.  [ii]

 


[i] BLS Employment Projections, http://www.bls.gov/emp/

[ii] Source: BLS Employment Projections, http://www.bls.gov/emp/, Table 1.9 2012—22 Industry-occupation matrix data, by industry, http://www.bls.gov/emp/ep_table_109.htm.  Values between 2014 and 2022 are interpolated as an even decline to the projected number of jobs in 2022.

Group 1

Group 1, consisting of the Apparel, Textile Mills, and Textile Products subgroups, is projected to lose an additional 127,000 jobs by 2022, as described in the following figure:

Group 2

Group 2, consisting of the furniture and wood products subgroups, is projected to be basically flat, losing an additional 1,000 jobs by 2022, as described in the following figure:

Group 3

Group 3, consisting of the printing, paper, and paper products subgroups, is projected to lose an additional 45,000 jobs by 2022, as described in the following figure:

Group 4

Group 4, consisting of the primary metals and appliances and electrical equipment subgroups, is projected to lose an additional 97,000 jobs by 2022, as described in the following figure:

Group 5

Group 5, consisting of the plastics and rubber, nonmetallic metal, and miscellaneous durable goods subgroups, is projected to lose an additional 119,000 jobs by 2022, as described in the following figure:

Group 6

Group 6, consisting of the fabricated metal products and machinery subgroups, is projected to lose an additional 74,000 jobs by 2022, as described in the following figure:

Group 7

Group 7, consisting of the transportation equipment subgroup, is projected to lose an additional 105,000 jobs by 2022, as described in the following figure:

Group 8

Group 8, consisting of the computer and electronic products subgroup, is projected to lose an additional 99,000 jobs by 2022, as described in the following figure:

Group 9

Group 9, consisting of the chemical manufacturing and petroleum and coal products subgroups, is projected to lose an additional 78,000 jobs by 2022, as described in the following figure:

Group 10

For Group 10, the BLS projections were made only the food subsector, which is projected to lose an additional 39,000 jobs by 2022, as described in the following figure:

Total Manufacturing

KEY FINDING:

 

In total, based on the Labor Department’s 2012 study, the manufacturing sector is projected to shed an additional 786,000 jobs between 2014 and 2022.

 

GO TO Economic Trends.

 

News and Events

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:

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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:

https://youtu.be/UIOwBD6-1pk

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