Is American manufacturing rebounding, or simply expanding a little?
Between 2000 and 2010 the United States hemorrhaged about 5.7 million manufacturing jobs. Since 2010, according to the Reshoring Initiative, about 500,000 jobs have returned, or been reshored, to the United States from overseas.
For this, and plenty of other reasons, many people are skeptical about whether the U.S. is indeed experiencing a manufacturing rebound, and, for that matter, if a rebound is even viable.
Timothy Aeppel at the Wall St. Journal outlines some of the evidence that suggests we are not in the midst of a rebound, but merely just a period of growth.
For the past 13 years, the rate factories have been closing has been declining. That's good. The trouble is the rate of openings has been falling even faster. Simply put, America's factories are dying faster than they're being born.
Read more about the slow growth of the American manufacturing sector.
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