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Manufacturing High NowUS manufacturing is on a sustainable rise – most recent data provesTradeonlinetoday, 6/20/2014 (Online News source citing the Commerce Department report, Bloomberbusinessweek, and the President’s Council of Economic Advisors, “Report says U.S. manufacturing is bouncing back” http://www.tradeonlytoday.com/2014/06/report-u-s-manufacturing-bouncing/) A new Commerce Department report says the U.S. manufacturing sector has turned a corner, with outputs and exports surpassing pre-recession peaks and employment growing for the first time since 1998. For the first time in more than 10 years, output and employment are growing steadily, the department’s economics and statistics administration reported. Manufacturing output has grown by 38 percent since the end of the Great Recession and the sector accounts for 19 percent of the rise in real gross domestic product since then. Through May, the sector has added 646,000 jobs and manufacturers are actively recruiting to fill another 243,000 positions. “The steady growth across all three of these areas might have seemed like wishful thinking just a few years ago, when manufacturing was hit especially hard,” the report stated. “Yet manufacturing output and exports have surpassed their pre-recession peaks and employment has begun to grow again for the first time since 1998.” The news comes as some studies show that the United States is becoming increasingly competitive as a manufacturing ground. Several reports, such as a Bloomberg Businessweek report that ran in April, make the case that the United States is just as cheap for manufacturers as China. Analysis by the President’s Council of Economic Advisors indicates that this is more than a cyclical rebound. The United States has gained about four times as many manufacturing jobs since 2009 as would be expected from cyclical factors alone. Nonetheless, although the manufacturing expansion is robust, some industries and U.S. states have fared better than others. About 87 percent of the job gains in manufacturing have been in three durable goods industries: transportation equipment, fabricated metal products and machinery. Job gains in manufacturing have occurred throughout the country. More than half of the jobs added were in five states: Michigan, Texas, Indiana, Ohio and Wisconsin. Foreign investors also are helping to build the U.S. manufacturing sector. As of 2012, total direct investment in the United States from abroad totaled $2.7 trillion, of which $899 billion (34 percent) was placed in the manufacturing sector. XT – Manufacturing High NowManufacturing is high now and on the rise –New federal initiativesShanghai Daily, 6/18/2014 (News Source, “U.S. announces new measures to boost manufacturing” http://www.shanghaidaily.com/article/article_xinhua.aspx?id=225032) WASHINGTON, June 17 (Xinhua) -- The Obama administration unveiled a raft of measures on Tuesday to strengthen manufacturing industry and shore up job growth. Manufacturing entrepreneurs will be able to access more than 5 billion U.S. dollars worth of advanced equipment in federal research and development facilities that they may use to develop new technologies and launch new inventions, the White House said in a statement. It means entrepreneurs could potentially use NASA's National Center for Advanced Manufacturing to produce the high-strength, defect-free joints required for cutting-edge aeronautics. Five federal agencies will invest more than 150 million U.S. dollars in research to support the Materials Genome Initiative, a public-private endeavor that aims to cut in half the time it takes to develop novel material, to support the administration's investment in the manufacturing of advanced materials. Across federal agencies, the administration has supported an increase in federal investment in manufacturing research and development by 35 percent in three years, from 1.4 billion U.S. dollars in 2011 to 1.9 billion U.S. dollars in 2014. According to the new White House National Economic Council Report on manufacturing industry, manufacturing represents 12 percent of U.S. GDP, yet accounts for 75 percent of all U.S. private sector research and development, and the vast majority of all patents issued in the United States. U.S. manufacturing is more competitive than it has been in decades as output has increased 30 percent since the end of the recession, growing at roughly twice the pace of the economy overall -- the longest period where manufacturing has outpaced U.S. economic output since 1965. Since February 2010, the manufacturing sector has added 646,000 jobs, the fastest pace of job growth since the 1990s. Directory: wp-content -> uploads -> 2014 2014 -> For want of a nail 2014 -> Stop Militarizing Law Enforcement Act of 2014 2014 -> Ihbb asian Championships 2014 middle school bowl Round 4 First Quarter 2014 -> Ihbb european Championships 2014 Bowl Round 4 First Quarter 2014 -> International History Bee and Bowl 2013-14 Asian Division Question Set Bowl Round Six 2014 -> United states patent and trademark office 2014 -> Coffs harbour eisteddfod vocal syllabus 2014 -> Listen News Programs Schedule pledge now 2014 -> Slow club announce third album complete surrender Download 1.07 Mb. 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