For the first time in more than a decade, the U.S. is actually out-pacing other countries in manufacturing jobs.
Despite what was considered a disappointing March jobs report with only 88,000 jobs added, there were a couple of bright spots. One was the manufacturing sector, which added 50,000 jobs over the last three years. “What is interesting about the manufacturing renaissance this time around, it is not your grandfather’s manufacturing or your father’s manufacturing,” Rana Faroohar of Time magazine said. “The other thing to remember is that every dollar created in the manufacturing sector creates $1.50 in the rest of the economy. That’s different than any other sector.”