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U.S. Lost 286,000 Manufacturing Jobs Under Obama—But Gained 3,238,800 in Retail, Food Services and Drinking Places

Thursday, January 12, 2017 22:35
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by Terence P. Jeffrey, CNS News:

The United States lost 286,000 manufacturing jobs during the time President Barack Obama has been in office, according to data from the Bureau of Labor Statistics.

But, at the same time, the United States gained 3,238,800 jobs in retail, food services and drinking places.

Manufacturing workers, however, had average hourly earnings ($26.37 in December, according to BLS) that were about 94 percent more than those of workers in food services and drinking places ($13.60 in November) and 45 percent more than workers in retail ($18.18 in December).

When Obama took office in January 2009, there were 12,561,000 people employed in manufacturing in the United States, according to the seasonally adjusted numbers published by the BLS. In December 2016, there were 12,275,000. From the month Obama was first inaugurated to his last full calendar month in office, the U.S. lost 286,000 manufacturing jobs.

During Obama’s time in office, manufacturing jobs declined, then rose, then declined again. They dropped from the 12,561,000 at the time of his 2009 inauguration to 11,453,000 in February and March of 2010–a decline of 1,108,000. (The last recession ended in June 2009). Then manufacturing jobs rose to a post-recession peak of 12,338,000 last January. That was an increase of 885,000 from the Obama-era lowpoint of 11,453,000 in February-March 2010.

But then, in 2016, manufacturing jobs dropped by 63,000 from the post-recession peak of 12,338,0090 in January to the 12,275,000 in December.

By contrast, there were 14,783,000 people employed in the retail trade sector in January 2009 when Obama was inaugurated, and that climbed to 16,017,500 in December 2016. Retail jobs increased by 1,234,500 under Obama.

In January 2009, there were 9,462,300 people working in food services and drinking places in the United States. By last month, that had climbed to 11,466,600. Jobs in food services and drinking places increased by 2,004,300 under Obama.

The 1,234,500 increase in retail jobs and the 2,004,300 increase in food service and drinking places jobs equaled a combined increase of 3,238,800 jobs in retail and food services and drinking places during the Obama years.

As has reported before, the number of manufacturing jobs in the United States, according to the BLS’s seasonally adjusted numbers, peaked in June 1979 at 19,553,000. Since then, manufacturing jobs in the United States have dropped by 7,278,000 (to the 12,275,000 reported for December).

Read More @ CNS

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