Wednesday, January 30, 2013
The U.S. Department of Commerce report "The Geographic Concentration of Manufacturing Across the United States" really tells the story of what sector is leading the national recovery and what places are helping to bring that sector along.
This January 2013 DOC report on manufacturing starts with this point:
"Manufacturing has been one of the major bright spots in the economic recovery of the last few years, contributing more than 25 percent of the overall growth in GDP between 2009 and 2011 and adding roughly 500,000 new jobs."
In Ohio, manufacturing is 10% of the employment (compared to 7% nationally) and 16% of total earnings (compared to 9.9% nationally).
Understanding the geography of manufacturing and seeing just these few points of data, it's easy to see why Ohio is helping to lead a national recovery.
One word. Manufacturing.