If manufacturing jobs continue their long decline, cities that depend on manufacturing will continue to suffer more than others.
On February 1, the Bureau of Labor Statistics released its employment projections through 2020. Despite President Obama’s vision in his State of the Union speech of “an economy built on manufacturing,” the BLS predicts U.S. manufacturing employment will decline over the course of the decade even as the overall economy grows.
More specifically, manufacturing’s share of jobs will drop from 8.1 percent in 2010 to 7.0 percent in 2020.
Professional services, health care, and education are the broad sectors predicted to grow the fastest, along with a rebounding construction industry. Within those sectors, the fastest growing will be home health care services, individual and family health care services, and management/scientific/technical consulting services. Apparel and leather manufacturing will shrink the most.
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Source: Jed Kolko | The Atlantic