Industry in the United States | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-01-07

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Manufacturing_in_the_United_States


00:01:24 1 Employment
00:06:38 1.1 History
00:12:53 1.2 Forecast
00:14:19 1.3 Trade policy
00:16:24 2 Industry size
00:17:47 3 Modern manufacturing
00:20:19 4 International comparison
00:23:05 5 Commentary
00:24:17 6 See also
00:24:59 7 Further reading



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SUMMARY
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Manufacturing in the United States is a vital sector. The United States is the world's second largest manufacturer (after China) with a record high real output in Q1 2018 of $2.00 trillion (i.e., adjusted for inflation in 2009 Dollars) well above the 2007 peak before the Great Recession of $1.95 trillion. The U.S. manufacturing industry employed 12.35 million people in December 2016 and 12.56 million in December 2017, an increase of 207,000 or 1.7%. Though still a large part of the US economy, in Q1 2018 manufacturing contributed less to GDP then the 'Finance, insurance, real estate, rental, and leasing' sector, the 'Government' sector, or 'Professional and business services' sector.Though manufacturing output robustly recovered from the Great Recession to reach an all time high in 2018, manufacturing employment has been declining since the 1990s. This 'jobless recovery' made job creation or preservation in the manufacturing sector an important topic in the 2016 U.S. presidential election.