Friday, 3 October 2014

Chart(s) of the Week: American Manufacturing is Growing Stronger Every Day

"When our manufacturing base is strong, our entire economy is strong. Today, we continue our work to bolster the industry at the heart of our Nation. With grit and resolve, we can create new jobs and widen the circle of opportunity for more Americans."


-- President Obama, National Manufacturing Day Proclamation


American businesses have officially added more than 10.3 million jobs over the last 55 months, the longest streak of private-sector job growth in history. That unprecedented growth is due, in part, to a key cornerstone of our economy: American manufacturing.


Thanks to the hard work of American businesses and the policies of President Obama, our manufacturing sector has added more than 700,000 new jobs since February 2010, the fasted pace of job growth since the 1990s. In fact, manufacturing has grown at nearly twice the rate of the economy overall, marking the longest period of outpacing the economy since the 1960s.


The story of American manufacturing is the story of progress. Take a look at how far American businesses and manufacturers have come in the last four years:



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