BELOW SUPERNAV drop zone ⇩

Manufacturing jobs at highest since 1970s

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

This is the total amount you're borrowing from the bank.
This is the yearly interest rate on your loan.
This is how long you'll take to repay the loan.
This is the yearly tax you pay on your property.
This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

maylen

https://digital-stage.newsnationnow.com/

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

(NewsNation) — Manufacturing and factory jobs have skyrocketed across the U.S. despite living in an era of high inflation and shortages, new data reflects. More people have joined the manufacturing workforce than in pre-pandemic times.

Manufacturers cut 1.3 million jobs in 2020 due to the coronavirus pandemic. But since then, the most recent jobs report showed that there are almost 13 million people with manufacturing jobs — the most since November 2008. The all-time peak for jobs in manufacturing was back in 1979.

According to the Bureau of Labor Statistics, 22,000 more people started jobs in manufacturing in August. Close to 300,000 more people were employed so far this year. And 67,000 more people are working in manufacturing than before the pandemic.

A recent McKinsey and Company report found most manufacturing jobs are for cars, semiconductors, pharmaceuticals, computers and electronics, machinery, metals, chemicals and transportation production.

Earlier this month Treasury Secretary Janet Yellen said the recession of the pandemic was unique because consumers wanted more goods rather than services.

The pandemic challenged the global supply chain and, as a result, many businesses are trying to rely less on outsourcing production. But an ongoing worker shortage is still a challenge for the industry.

The National Association of Manufacturers said there were more than 800,000 job openings in July 2022, and predicts that by 2030, more than 2 million jobs will go unfilled if recruiters don’t do more to encourage people to join the industry.

Business

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Clear

la

54°F Clear Feels like 54°
Wind
2 mph ENE
Humidity
74%
Sunrise
Sunset

Tonight

A few passing clouds. Low 46F. Winds light and variable.
46°F A few passing clouds. Low 46F. Winds light and variable.
Wind
2 mph NNE
Precip
2%
Sunset
Moon Phase
Waning Gibbous