Now at the peak of industrial production in the United States. inflation-adjusted manufacturing GDP reached a peak in 4th Quarter 2017, both in dollar and quantity index measures. New data on value-added of manufacturing offers interesting insight into America’s manufacturing strength. Value-added is a measure of production that subtracts all the goods used in production. By making this calculation across all US manufacturing, the spending by factories on imported parts has been omitted. While manufacturing employment has gained a full million jobs since the end of the recession, it has also driven growth in other sectors. For every job lost in manufacturing since December 2007, the US workforce has gained six jobs in other sectors.
Since about 2000, manufacturing jobs held by non-college graduates have declined by almost 45 percent, while manufacturing jobs held by those with a college degree are up almost 17 percent. That means in net, all the new jobs and almost all the replacement jobs in manufacturing are going to college graduates. Geographically, there was very little relocation of manufacturing between rural and urban places since the start of the recession. With nearly seven times the manufacturing GDP growth in urban American than rural America since 2000, that trend has returned since 2009, with the bulk of manufacturing GDP flowing to urban places. Economists call this agglomeration and since 2001, 60 percent of all manufacturing GDP growth has occurred in just 10 cities, the smallest of which is about 2.2 million people. Manufacturing in America is doing extremely well and is enjoying record levels of production.
About TR Cutler, Inc.
TR Cutler, Inc. was founded seventeen years ago by Thomas R. Cutler. Cutler is the President and CEO of Fort Lauderdale, Florida-based, TR Cutler, Inc., (www.trcutlerinc.com), the largest manufacturing communication firm worldwide with four dozen industry experts and thought leaders on staff. Cutler maintains extraordinary relationships with clients, journalists, editors, economists, trendsetters, and key business leaders worldwide and has become a key resource for those writing about the manufacturing sector. Cutler founded the Manufacturing Media Consortium in 1999, which now has more than 6,000 global members including journalists, editors, publishers, and economists, worldwide writing about trends, industrial data, manufacturing case studies, material handling profiles, and robotics feature articles. Cutler works with thousands of media outlets to expand the coverage and importance of the manufacturing media coverage.
Cutler has authored more than 6,000 articles for a wide range of manufacturing periodicals, industrial publications, and business journals each published in leading monthly trade magazines, B2B periodicals, blogs, and marquis publications globally. Cutler is the most published freelance industrial journalist worldwide, and more than 3500 industry leaders follow Cutler on Twitter daily at @ThomasRCutler.
Company Name: TR Cutler Inc.
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