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Manufacturing Day 2017

October 5, 2017

Manufacturing Day is a celebration of modern manufacturing meant to inspire the next generation of manufacturers. This year Manufacturing day is Friday, October 6th.  Manufacturing is so prevalent in today’s society and the need for new workers is steadily increasing every year. In honor of this day, and to help promote and educate young people on the benefits of this industry, here are some facts about what makes the manufacturing industry important, profitable, and significant in modern society.

 

  1. If the U.S. manufacturing industry was its own economy it would be the 9th largest economic power in the world. (1)

  2. In the most recent data, manufacturers contributed $2.18 trillion to the U.S. economy in 2016. (1)

  3. U.S. manufacturing is the backbone of economic productivity, accounting for over 12% of our gross domestic product. (2)

  4. There are 12.3 million manufacturing workers in the United States, accounting for 9 percent of the workforce. (1)

  5. In 2015, the average manufacturing worker in the United States earned $81,289 annually, including pay and benefits. (1)

  6. Manufacturers have one of the highest percentages of workers who are eligible for health benefits provided by their employer. (1)

  7. Over the next decade, nearly 3½ million manufacturing jobs will likely be needed, and 2 million are expected to go unfilled due to the skills gap. (1)

  8.  Manufacturing is leading the push for an increase in STEM (science, technology, engineering, and mathematics) education that can provide a more competitive workforce and improve national economic security. (2)

  9. Over the past 25 years, U.S.-manufactured goods exports have quadrupled. (1)

  10. Manufacturing has lead the rebound from the “great recession,” accounting for 29% of total economic growth in America since 2009. (2)

  11. Between the four sectors (manufacturing/industrial, transportation, residential, and commercial), manufacturing was the only sector to reduce CO2 emissions between 1990 and 2012, reducing them by 13%. (2)

 

There are so many more important and interesting things that can be said about the manufacturing industry. Working in this industry gives you peace of mind about job security with its ever-increasing demand for a larger workforce. Manufacturing is a rewarding career that typically comes with great benefits and hardworking, enthusiastic co-workers.

 

Sources

  1. http://www.nam.org/Newsroom/Facts-About-Manufacturing/

  2. http://www.pucelenterprises.com/blog/10-little-known-facts-u-s-manufacturing/

     

     

     

     

     

     

     

     

     

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