Manufacturing employment declined significantly during the most recent recession. From the recession’s beginning in March 2001 until December 2001 (which many economists consider its end), U.S. manufacturing suffered a net loss of more than 1 million jobs, or 5.7% of all jobs that existed in the industry when the recession began.
Suggested citation: "Manufacturing Employment," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-10, pp. 14-15, 10.01.2002.