Manufacturing and Employment

by Don Boudreaux on April 16, 2008

in The Economy

From Robert Samuelson’s column in today’s Washington Post:

From 1998 to 2007, total non-farm payroll employment [in the U.S.] rose 12 million,
and unemployment averaged only 4.9 percent — despite the 4 million
lost factory jobs. In that period, U.S. manufacturing output rose 22


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