U.S. and Foreign Manufacturing
Over the last 25 years, several industrialized economies have had the same experience—a decline in manufacturing employment. Since 1977, manufacturing jobs in the U.S. have fallen 20% and in the U.K. almost 50%. Japan’s manufacturing employment rose steadily until 1992 but has fallen sharply since then. Canada, Taiwan, and Korea are exceptions. In 2003, manufacturing employment dropped in every country charted above except Taiwan.
Suggested citation: "U.S. and Foreign Manufacturing." Federal Reserve Bank of Cleveland, Economic Trends, no. 04-11, p. 12, 11.01.2004.