Monday, December 07, 2009

Manufacturing Areas Lead Surprise Job Comeback

ASSOCIATED PRESS -- Counties with the heaviest reliance on manufacturing income are posting some of the biggest employment gains of the nation's early economic recovery. This is a big change from just half a year ago, when some economists worried that widespread layoffs by U.S. manufacturers might be part of an irreversible trend in that sector.

The Associated Press Economic Stress Index, a monthly analysis of the economic state of more than 3,100 U.S. counties, found that manufacturing counties have outperformed the national average since March. The Stress Index calculates a score from 1 to 100 based on a county's unemployment, foreclosure and bankruptcy rates. The higher the number, the greater the county's level of economic stress.

1 Comments:

At 12/07/2009 11:48 AM, Anonymous gettingrational said...

Yes, Yes and Yes; this is great news. North Carolina is a very interesting and dynamic state with good educational opportunities but also business friendly.

Note that the article had so many affirmations that manufacturing jobs provided good and steady income. The snooty among us look down at blue collar jobs but they (blue collar jobs) are essential to a truly growing economy.

 

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