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U.S. Manufacturing and the Future of the Labor Force
Manufacturing's share of total jobs peaked toward the end of the Second World War at 38% and has since fallen to around 8% over the past decade (Chart 1). The services sector has picked up the slack, growing its share of total jobs by a nearly commensurate 29 percentage points to a little over 86% of total payrolls. High growth areas include healthcare, educational services, professional & business services, along with leisure & hospitality (Chart 2). Zooming in on the last several years, these same industries stand out as having the strongest job gains in the post-GFC period. High employer demand for ... (full story)
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- Aug 18, 2025 8:04pm Posted byFundamental Analysis4,527
