An employee places shirts ready for shipment in plastic bags at the 5 Thread facility… Pulling off a renaissance in U.S. manufacturing employment will be extraordinarily tough.
After hitting a record of nearly 20 million in 1979, the number of American factory workers has plunged during each of the last five recessions and each time has never recovered. Today, 12.3 million people are employed in U.S. factories, a loss of nearly eight million jobs.
Forecasters in The Wall Street Journal’s monthly survey of economists doubt the numbers of bygone years can be restored. They estimate the U.S. will add about 7,000 […]