Monday, September 23, 2019

US Manufacturing Rise


Manufacturers Added 6 Times More Jobs Under Trump Than Under Obama's Last 2 Years, by Chuck DeVore, 2/1/19. Forbes. 
The federal government released its first jobs report of 2019, showing that nonfarm payroll grew by 304,000 in January, far above economists’ consensus estimate of 170,000. The average monthly gain in 2018 was 223,000.

Over the past year, average hourly earnings were up 3.2%.
After revising its data for past periods, the U.S. Bureau of Labor Statistics (BLS) reports that seasonally adjusted nonfarm employment grew by 5.1 million jobs in President Trump’s first full two years in office, a 3.5% increase. Private sector payrolls grew by 4.9 million, a 4.0% increase.

By comparison, over the same 24-month period, the economy added 5.0 million jobs in former President Obama’s last two years in office, with private sector employment up by 4.7 million.

Significantly, growth in manufacturing jobs continued to show strength, with 13,000 jobs added in January.

Over the past two years, with the encouragement of the Trump Administration’s red-tape cutting policies and the tax cut and reform law passed in December 2017, manufacturers added 467,000 jobs, more than six times the 73,000 manufacturing jobs added in Obama’s last two years.

Looking at Trump’s first two years, the revised BLS data shows that more than two manufacturing jobs were added for every one job added in government at the federal, state, and local level. In contrast, under Obama, almost five government jobs were added for every one manufacturing job.

Since Pres. Trump took office in January 2017, employment in manufacturing has increased 3.7%. Over the same period during the last two years under Pres. Obama, manufacturing payrolls grew by only 0.6%.

The sluggish growth in manufacturing in the latter half of the Obama years led to President Obama remarking in June 2016 that manufacturing jobs “are just not going to come back.”

Weeks after Trump’s election—and in response to candidate Trump’s promise to bring back manufacturing jobs—New York Times columnist Paul Krugman, an economist, said, “Nothing policy can do will bring back those lost jobs. The service sector is the future of work; but nobody wants to hear it.

Trump’s deregulatory and tax policies have confounded his critics and benefited the American worker.


Rural cities need to restore their economies by returning manufacturing plants to these cities. Rural areas were decimated by the off-shoring of manufacturing from 1990s to 2020. Big cities are too crowded and need to be reduced.

Norb Leahy, Dunwoody GA Tea Party Leader

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