U.S. manufacturing job losses raise alarms

By: 
December 30, 2008

The collective data of recent U.S. jobs reports have been alarming, but the manufacturing sector's individual figures are particularly striking. The Alliance for American Manufacturing (AAM) notes that in November alone, the sector lost 85,000 jobs, with the broader manufacturing industry shedding 604,000 jobs over the past 12 months-equivalent half of the nation's job losses in that time.

(AAM) Executive Director Scott Paul called on the new administration and Congress to act swiftly on several fronts. "In addition to approving a bridge loan for the Big Three," Paul said in a statement, "strong investment in rebuilding the nation's infrastructure could generate millions of jobs throughout our productive industries." Paul also called for immediate action to begin reducing the nation's trade deficit, specifically through "vigorous enforcement of trade laws" and "concerted action on China's currency manipulation and subsidies."-[email protected]

 

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