President Obama outlines manufacturing goals in convention speech
At the Democratic National Convention last night, President Obama outlined a number of goals, including two specifically oriented toward the manufacturing sector:
• Create one million new manufacturing jobs by the end of 2016
• Double exports by the end of 2014
Interestingly, the goal of creating "one million new manufacturing jobs" essentially lays down a marker.
If the president were to start that plan today, the U.S. would need to add nearly 19,000 manufacturing jobs per month from now until the end of 2016 to reach one million new jobs.
In the past two years, the U.S. has added an average of 17,250 manufacturing jobs/month. However, a seven-year expansion of manufacturing jobs would be unprecedented.
As the Bureau of Labor Statistics reports:
Manufacturing employment edged down in August (-15,000). A decline in motor vehicles and parts (-8,000) partially offset a gain in July. Auto manufacturers laid off fewer workers for factory retooling than usual in July, and fewer workers than usual were recalled in August.
Read more about the latest monthly jobs report, and the challenges facing the U.S. manufacturing sector.
Related recent Blogs
- March 7, 2014: Weak #MFG job growth and a big trade deficit earn Obama the saddest of trombones • by mmcmullan • 03/07/2014
- It wasn't all weather: What's behind the weak manufacturing jobs report. • by admin • 03/07/2014
- A Berry good story on American-made footwear • by mmcmullan • 03/06/2014
- White House economic adviser Gene Sperling shares words of wisdom on his way out • by TGarland • 03/05/2014
- EPI: Address currency manipulation and you address the jobs deficit • by mmcmullan • 03/05/2014
- A first look at the president's budget proposal for 2015 • by mmcmullan • 03/04/2014
- The U.S. needs a stronger domestic supply chain in the event of an attack • by TGarland • 03/04/2014
- Campaigns and political parties take note: We've got the key to attracting voters • by LDonia • 03/03/2014
- And the award goes to ... American workers • by TGarland • 03/03/2014
- March 3, 2014: Cold weather and cold Oscars pizza go together • by mmcmullan • 03/03/2014