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have contributed to a 2.2% increase in manufacturing employment in 2011. Employment growth
was fueled primarily by food manufacturing in
nondurable goods and by computer and electronics in durable goods. On net, the Manufacturing
Sector gained 2,800 jobs for total average employment of 128,000. However, manufacturing activity
is slowing once again on a global, national, and
regional level. Colorado will not be immune to this
decline. Manufacturing employment in Colorado
will contract 1.5% in 2012, falling by 1,900 jobs, to
The long-term outlook for manufacturing in the
United States and Colorado may be shifting. Some
analysts suggest that U.S. manufacturing will be
just as economical as manufacturing in China by
2015 due to the rising cost of labor in China and increasing transportation costs. Furthermore,
increased productivity, workforce flexibility, and
corporate strength in the United States may bolster
domestic manufacturing activity. If the resurgence
in U.S. manufacturing comes to fruition, it will aid
in the nation’s economic prosperity as manufacturing represents nea...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.
- Spring '13
- The Lottery