Manufacturing sector’s economic contributions celebrated while reports caution uneven regional and racial benefits
As Manufacturing Day continues to be recognized throughout the month of October, the Census Bureau issued a press release highlighting the key economic contributions of the manufacturing sector. The release highlighted the increases in the value of shipments and employment in the manufacturing sector from 2017 to 2018, as well as the sector’s nearly 60 percent share of U.S. exports. But a recent report from Policy Matters Ohio and The Century Foundation set a more cautionary note.
As Manufacturing Day continues to be recognized throughout the month of October, the Census Bureau issued a press release highlighting the key economic contributions of the manufacturing sector. The release highlighted the increases in the value of shipments and employment in the manufacturing sector from 2017 to 2018, as well as the sector’s nearly 60 percent share of U.S. exports. But a recent report from Policy Matters Ohio and The Century Foundation set a more cautionary note. Analyzing data over a much longer period and focused on four states in the Great Lakes region, the report finds that manufacturing jobs had not yet recovered to pre-Great Recession levels even before the COVID-19 pandemic began, and that the wage advantage of manufacturing has continued to erode compared to other sectors in the region.