Manufacturing is part of everyday life – everything we use has to be made somewhere. The United States has long been a world leader in manufacturing; developing process and technologies that have had an effect on manufacturing across the world. The average citizen might not realize just how integral manufacturing is to our national economy, though. Here are 10 facts you may not know about the manufacturing sector in the United States and its importance:
1. U.S. manufacturing is the backbone of economic productivity, accounting for over 12% of our gross domestic product. (1)
2. If U.S. manufacturing were its own economy, it would be the eighth-largest economy in the world based on GDP. (2)
3. As of 2011, the manufacturing sector employed 11.8 million workers, or roughly 9% of the American workforce. (1)
4. Every new manufacturing job is estimated to create 1.6 new jobs in the local service businesses of that manufacturing facility. If it is a high-tech industry, that number increases to 5 new jobs. (1)
5. Manufacturing has lead the rebound from the “great recession,” accounting for 29% of total economic growth in America since 2009. (1)
6. It has also lead in job creation, through the process of “on-shoring,” which is bringing back jobs that had been outsourced. In the first 4 months of 2012 alone, the manufacturing sector added 139,000 jobs. (1)
7. Manufacturing is leading the way in making use of renewable energy – at a usage of 2,269 trillion BTUs of renewable energy in 2012, they made better use of it than the transportation, residential, and commercial sectors combined. (3)
8. 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%. (4)
9. Manufacturing is a big investor in research and development – in 2011, 3.9% of manufacturing sales were used for R&D, while non-manufacturing sales dollars only returned 2.3% to R&D. (5)
10. 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.
At Pucel Enterprises, we are proud to be part of the sector that is helping America to recover and provide a foundation for the future. We will continue to provide the finest service and products, and help to keep the U.S. a global leader in manufacturing.