Thanking the Buffalo Business First for their authoritative study on manufacturing jobs lost in the top 100 markets here in the U.S. over the past decade.
Using latest Bureau of Labor Statistics figures, G. Scott Thomas documented 10,114,400 manufacturing jobs in the top 100 markets in May 2000.
In May 2010, the number of manufacturing jobs in those same 100 markets had fallen to 6,641,900.
That is a loss of 3,472,500 manufacturing jobs, a 34.33% decline.
Surprisingly El Paso, Texas just edged out Detroit, Michigan for highest percentage of manufacturing jobs lost at -55.44%.
Detroit lost – 55.41 % or 221,200 jobs gone.
The most surprising fact in the study?
Only 2 of the top 100 markets showed any growth in manufacturing jobs: Las Vegas,Nevada added 0.5% (100 jobs!) and Bakersfield, California added 16.36 % or about 1800 manufacturing jobs.
Only 4 markets’ manufacturing job losses were in the single digits.
98 out of 100 of the top U.S. markets posted declines in manufacturing jobs over the decade.
What do you think that we can do to turn this around?
What will you do to make a difference?
[…] Millions of jobs have been lost in manufacturing. However this workforce reduction in manufacturing companies was in many cases due to an increase in productivity and a shift to higher-skilled labor. Technology explains drop in manufacturing jobs. Productivity growth is “perhaps the single most important determinant of average living standards”. If manufacturing production declines, our living standards will begin to fall. […]