After Nearly a Decade of Declines, Manufacturing Jobs Begin Rebound

US News • September 2012 • Views: 920

Bloomberg Government reports:

The BGOV Barometer shows U.S. factory positions have grown since early 2010, arresting a slide that began toward the end of the 1990s. It’s the best showing since the era of Bill Clinton, the only president in the last 30 years to leave office with more factory jobs than when he began.

“The gain in manufacturing jobs is certainly helpful, it is one way to show we’re moving forward,” said Terry Madonna, a political science professor and director of the Franklin & Marshall College poll in Lancaster, Pennsylvania. “President Obama has to create a psychology all over the country that things are getting better. This is a piece explaining that idea.”

Talk about an Obama campaign poster for Ohio and the other heavy manufacturing states.

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2 comments

Political Atheist Wed, Sep 26, 2012 4:05:02pm

Blaming Bush and crediting Obama is quite misplaced on this. Manufacturing bottomed out in a terrible fashion, of course it’s coming back a little. Question is how sustainable is it?

Presidents don’t send jobs overseas or bring them back. CEO’s and macro economic facts do, But who wants to talk about how small an influence the oval office is in an election year? Me and thee, and only if thee agrees. :-)

Has anyone correlated the rainfall with who is in office yet?

Destro Wed, Sep 26, 2012 8:15:27pm

The hassle of operating abroad has triggered some companies to move production stateside, a move called “reshoring” by some. Coming home not only bolsters the speed, quality and simplicity of doing business, it’s also more economical than it used to be.

Average wages in China have jumped 10 to 25 percent a year, hitting $4 to $6 an hour in some plants. Add in shipping and high fuel costs, and offshore manufacturing is no longer such a bargain.

The return of offshore production to America has emerged as a surprising silver lining in the U.S. economic recovery. The government doesn’t track corporate reshoring efforts, but experts say they are hearing of more companies bringing work back to the States.

……….

Darlene Miller, owner of Permac Industries, a high-precision machine shop based in Burnsville, Minn., said her company always had quality issues in China. In 2006, she hired a Chinese contractor to make machine blades with exacting specs. But each shipment turned up flawed, with some blades not uniform, made of the wrong material, or falsely labeled “certified.” What complicated matters is that she had to buy a year’s worth of blades at a time.

Miller spent thousands on an outside testing lab, but was at her wit’s end after three years. “We found a Wisconsin company to make the blades. And without the shipping, testing and reject costs, they actually beat the price in China,” she says.

[Link: blog.nwjobs.com…]

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