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"On a more positive note, manufacturing jobs have now grown for the third consecutive quarter demonstrating the resilience of the sector.
But as economists note, manufacturing looks nothing like it used to.
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In the early years of electricity, he notes, manufacturing companies generated their own power from dynamos they purchased from General Electric or Westinghouse.
Mary Amiti and Mark Choi note that manufacturing sector unit labour costs in China likely rose by over 4% in 2010, contributing to a sharp rise in Chinese import prices in America.
JB: Outside of computers, you note that manufacturing output has been "anemic" and that globalization is a major factor accounting for this result.
A few weeks ago, Vivek Wadhwa visited Mexico and wrote about the possible opportunities he saw for the Mexican IT sector, noting manufacturing plans.
The report noted that manufacturing orders, consumer confidence and average weekly manufacturing hours all declined.
Mr. Bergsten noted that manufacturing continued to become more efficient, meaning companies needed fewer and fewer workers.
Also as Andrew Sentance, the former MPC member now at PwC, notes, while manufacturing output is still down on its 2008 peak, the service sector is growing strongly and its exports are probably being undercounted in the official figures.
Those numbers are supported in part, by statistics from the Bureau of Labor Statistics, which notes that manufacturing jobs in the U.S. increased between 1994 (the year NAFTA went into effect) and 2000.
Those numbers are supported in part, by statistics from the Bureau of Labor Statistics, which notes that manufacturing jobs in the U.S. increased between 1994 (the year NAFTA went into effect) and 2000.
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