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Monday, August 23, 2010

CHART OF THE DAY: Here's The Trend Obama Is Fighting, If He Wants To Save American Manufacturing

chart of the day, manufacturing employees, 1939-2010


http://www.businessinsider.com/chart-of-the-day-manufacturing-employment-as-a-percentage-of-total-non-farm-payrolls-2010-8?utm_source=Triggermail&utm_medium=email&utm_campaign=Clusterstock_COTD_082310

The economy goes in and out, and from time to time the US manufacturing sector booms.

But this chart, put together by Paul Kedrosky, makes it pretty clear: as a share of total non-farm payrolls, manufacturing jobs are only going in one direction (down).

What's more, it's not even choppy. It's just a straight line sloping down.

That's quite a trend to turn around.

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