Tuesday, January 06, 2009
[IWS] CBO: DECLINE IN MANUFACTURING EMPLOYMENT SINCE 2000--UNDERLYING FACTORS [23 December 2008]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Congressional Budget Office (CBO)
Economic and Budget Issue Brief
Factors Underlying the Decline in Manufacturing Employment Since 2000 [23 December 2008]
http://www.cbo.gov/doc.cfm?index=9749&type=1
[full-text, 8 pages]
[excerpt]
The manufacturing sector of the U.S. economy has experienced
substantial job losses since 2000. During the
recession of 2001 and its immediate aftermath, employment
in the manufacturing sector fell by about 2.9 million
jobs, or 17 percent. Even after overall employment
began to improve in 2004, the decline in manufacturing
employment persisted. By the end of 2007, with the
slowing of economic growth, employment in the sector
had edged down further, by half a million jobs. And, as
of November 2008, employment in manufacturing had
fallen yet again, by slightly more than 600,000 jobs
(see Figure 1). A significant number of additional losses
is likely given the current weakness in the economy.
Includes CHARTS & TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Congressional Budget Office (CBO)
Economic and Budget Issue Brief
Factors Underlying the Decline in Manufacturing Employment Since 2000 [23 December 2008]
http://www.cbo.gov/doc.cfm?index=9749&type=1
[full-text, 8 pages]
[excerpt]
The manufacturing sector of the U.S. economy has experienced
substantial job losses since 2000. During the
recession of 2001 and its immediate aftermath, employment
in the manufacturing sector fell by about 2.9 million
jobs, or 17 percent. Even after overall employment
began to improve in 2004, the decline in manufacturing
employment persisted. By the end of 2007, with the
slowing of economic growth, employment in the sector
had edged down further, by half a million jobs. And, as
of November 2008, employment in manufacturing had
fallen yet again, by slightly more than 600,000 jobs
(see Figure 1). A significant number of additional losses
is likely given the current weakness in the economy.
Includes CHARTS & TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 6:09 AM
