2012beof-111206092256-phpapp02

2012beof-111206092256-phpapp02

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Unformatted text preview: ughout the year 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 126,000 workers. 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.

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