After Nearly A Decade Of Declines, Manufacturing Jobs Begin Rebound
Source: tpm
After nearly a decade of steep declines, American manufacturing jobs have begun to rebound since the beginning of the Obama administration, as the slide that occurred under President George W. Bush and during the Great Recession has largely been reversed.
Manufacturing slumped in the first year of the Obama administration as the nation dealt with the effects of the recession, but since then, manufacturing has posted job gains in all but three months since February 2010, as Bloomberg Government reports:
The BGOV Barometer shows U.S. factory positions have grown since early 2010, arresting a slide that began toward the end of the 1990s. It’s the best showing since the era of Bill Clinton, the only president in the last 30 years to leave office with more factory jobs than when he began.
“The gain in manufacturing jobs is certainly helpful, it is one way to show we’re moving forward,” said Terry Madonna, a political science professor and director of the Franklin & Marshall College poll in Lancaster, Pennsylvania. “President Obama has to create a psychology all over the country that things are getting better. This is a piece explaining that idea.”
Read more: http://thinkprogress.org/economy/2012/09/26/916041/after-nearly-a-decade-of-declines-manufacturing-jobs-rebound-under-obama/
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And a few more to get money into people's pockets so they can get rid of their debt and buy the output.
Then again, those are the kind of jobs that mostly get automated, while we create a few higher end and a bunch of "want fries with that?" positions.
At this rate, however,(and the BLS said this is the trend) kids born today are gonna be old and gray b4 they even have a chance. Assuming they get that far...
This is pathetic.
