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Economic Commentary

Has Manufacturing's Presence in the Economy Diminished?

Much has been written and said about the “decline” of manufacturing in America. The arguments pro and con, however, have centered on a simplistic view of manufacturing’s role in the economy. Even though its share of employment has fallen, for example, manufacturing still maintains its strength through its linkages with the rest of the economy.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Eberts, Randall, and John Swinton. 1988. “Has Manufacturing's Presence in the Economy Diminished?” Federal Reserve Bank of Cleveland, Economic Commentary 1/1/1988.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International