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Tuesday, September 8, 2009

EconomPic: No Growth in Private Sector in 10 Years... Manufacturing in Almost 70 Years

EconomPic: No Growth in Private Sector in 10 Years... Manufacturing in Almost 70 Years: "Over the past decade, the U.S. private-sector has lost 203,000 jobs.

That’s right: Zero job growth for 10 years. ...The manufacturing sector now utilizes 35% less man-hours than it did just 10 years ago. Sound bad? It's a LOT worse than that.

We are now at the lowest level of manufacturing employment since... 1941 (even though the number of overall workforce is up just about four-fold in that time)."

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