Significant Rise in Manufacturing Jobs
Significant Rise in Manufacturing Jobs: The United States has witnessed a significant rise in manufacturing jobs by 36,000 in the month of August. According to the data provided by the Bureau of Labor Statistics, there is a gain in the job by 155,000 since Trump’s coming to power in the last November election.
This is the highest level ever achieved after January 2009. Manufacturing sectors that have observed considerable growth are the auto industry, computer, and electronics components, and fabricated metal products.
When Barrack Obama had come to power in 2009, manufacturing jobs were 12,561,000 which dropped to a mere 11,4530,000 in February 2010. The count was 12,325,000 last November. The manufacturing sector didn’t see a noticeable rise while he remained in power.
The phenomenal rise in manufacturing jobs is seen first time in the decade. With the increase in automation and robots, it is feared that manufacturing jobs are lost. Then what are the factors that have led to gain in jobs?
The most increase in manufacturing jobs is in the auto industry. Off-shoring such jobs haven’t been much fruitful as the height and weight of the products don’t make it much cost saving. Again the labor charges in China and other countries have increased.
According to the studies conducted by the National Bureau of Economic Research, with the use of every robot, six human jobs are lost. Robot sale has been on rising. Then why the manufacturing jobs are not plummeting, the reason behind that might be it is the robots that are bringing offshore jobs back to the US.
Many US companies are setting up or reshoring manufacturing plants in the US itself. The plants do not require as many numbers of humans as before due to automation. Read more articles on rozyjos.