Thursday, September 27, 2012

Trends in Manufacturing Payrolls

A bit of manufacturing job historical info:

  • Peak: 6/1/1979 (shortly before Reaganomics) at 19.553 million manufacturing jobs
  • Decline from 6/1/1979 to 2/1/2001 (first full month of Bush II's first term): 2.523 million jobs, a 12.9% drop
  • Decline from 2/1/2001 to 2/1/2009 (over the course of Bush II's Presidency): 4.644 million jobs, a 27.3% drop
  • Post Bush II floor: 1/1/2010 (less than a year after President Obama sworn in) at 11.458 million jobs
  • Increase from 1/1/2010 to 8/1/2012 (turnaround to present): 512 thousand, a 4.5% rise

chart of manufacturing payrolls from January 1979 to August 2012

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