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Euler Hermes


Economic Outlook n° 1187 | Special Report | The Reindustrialization of the United States


Manufacturing: the cornerstone of the reindustrialization of the U.S.


For many years and even decades, the U.S. manufacturing sector has become synonymous with economic decline, heavy job cuts, dark Dickensian facilities and a hopeless outlook in collective minds. The three year-long manufacturing revival marks an opportunity to review these entrenched stereotypes. The last decade has reshaped the U.S. industrial landscape and provided the foundations for this improvement, but since 2010 a handful of buoyant sectors have accomplished what had been inconceivable for many years: restoring faith in U.S. manufacturing.


6. Manufacturing Employment depending on Productivity Jobs (thousands)


20000


15000


Manufacturing employment - Output 2000 Manufacturing employment - Productivity 2000 Manufacturing employment


10000 2000 01 02 03 04 05 06 07 08 09 10 Source: Bureau of Economic Analysis – Bureau of Labor Statistics 10


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