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U.S. under Trump Series: Manufacturing jobs return to U.S. at rapid pace under Trump

After successfully predicting President Trump’s victory in the 2016 election, we at FxWirePro said that we would be looking at several economic indicators to assess whether President Trump can win his reelection in 2020. And one of those indicators is Jobs; not any jobs but manufacturing jobs, jobs in the good producing sector.

So far, data suggest that manufacturing jobs are returning to the United States at a rapid pace and if the Trump administration can maintain the momentum for the next three years, then we are likely to see another four years of Trump administration. Lack of focus on these sectors by U.S. politicians after the devastation caused by the global financial crisis of 2008/09 has led to the rise of Donald Trump.

The following table shows the numbers of jobs created in the above-mentioned sectors since 2003,

 

Manufacturing jobs created (in thousands)

Jobs created in goods-producing sector (in thousands)

2003

-535

-409

2004

-110

279

2005

-53

372

2006

-171

26

2007

-280

-346

2008

-1082

-2034

2009

-1132

-2062

2010

54

-149

2011

220

435

2012

127

304

2013

127

359

2014

202

558

2015

72

249

2016

0

85

2017

219

549

 

Under Trump, the U.S. economy created 549,000 jobs in the goods-producing sector in 2017, which is the highest in three years. The manufacturing sector added 219,000 jobs, which is against highest in six years.

Another key point to note is that in the manufacturing sector, since 2006, 2.66 million jobs were lost and after recovery till 2016, the sector added just 0.8 million jobs.

These numbers clearly summarize why Trump won and why he might win again.

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