Manufacturing jobs well short of pre-recession numbers

Only 22% of the U.S. manufacturing jobs lost during the Great Recession have returned during the recovery. "Manufacturing always takes the brunt of recessions -- and that's particularly true in this cycle," says Daniel Meckstroth, chief economist with MAPI. That is because consumers have been willing to postpone significant purchases of durable goods, he explained. Some in the industry predict manufacturing will continue to improve.

View Full Article in:

Wall Street Journal (tiered subscription model), The

Published in Brief: